SiBEAM, Inc., Wins Prestigious Stevie® Award for Best New Product or Service in Media & Entertainment from the 7th Annual American Business AwardsSM

Sunnyvale, CA – June 30, 2009 – SiBEAM Inc., a leading innovator of millimeter wave (mmWave) solutions and developer of high-speed wireless communications platforms is the recipient of the Stevie Award for Best New Product or Service in Media & Entertainment in The 2009 American Business Awards. The awards were presented during ceremonies on June 22 at the Marriott Marquis Hotel in New York City. The ceremonies were hosted by Cheryl Casone of Fox Business Network and broadcast nationwide on radio by the Business TalkRadio Network.

The Stevie Award in Best New Media & Entertainment Product or Service is the highest honor in the category, recognizing SiBEAM’s innovations in 60GHz technology and smart antenna algorithms for high quality multi-gigabit wireless audio, video and data delivery.

“We are thrilled to receive this widely sought-after honor. This award recognizes SiBEAM’s dedication to providing the technology for the next generation of wireless home entertainment and networking,” said John LeMoncheck, President and CEO of SiBEAM. “We would like to congratulate all the other winners and finalists and we look forward to their success in the future.”

The Stevie Award was given to SiBEAM for their groundbreaking SB9120/SB9110 WirelessHD® HRTX Transmit and SB9121/SB9111 WirelessHD HRRX Receiver chipsets with OmniLink60™ technology. These chipsets, based on the WirelessHD standard, enable consumers to enjoy the highest quality, lossless high-definition content streamed wirelessly to HDTV’s in their living rooms, free of unsightly cords. Trusted consumer electronics manufacturers including LGE and Panasonic are currently selling HDTVs worldwide equipped with SiBEAM’s WirelessHD chipsets for wireless A/V transmission.
SiBEAM’s semiconductor solutions allow the simple and swift wireless transfer of movies, TV shows, and personal media between gadgets like Blu-ray players and HDTVs. SiBEAM uses 60GHz technology, delivering the fastest data transfer in the business at wireless data rates of 4Gbps, without degradation in quality or interruption of content.

The Stevie Awards were presented in over 40 categories including Best Overall Company of the Year, Executive of the Year, and Corporate Social Responsibility Program of the Year. More than 2,600 entries from companies of all sizes and in virtually every industry were submitted for consideration.
More than 200 executives across the country participated in the judging process to determine the Finalists and Stevie Award winners.

Details about The American Business Awards and the list of Finalists and Stevie Award winners are available at www.stevieawards.com/aba.

About SiBEAM, Inc.
SiBEAM is a fabless semiconductor company and founding member of the WirelessHD™ Consortium. A pioneer in developing intelligent millimeter wave technologies for wireless communications, SiBEAM is the first to build 60GHz chipsets using standard CMOS technology. The first applications for the company’s innovative technology are based on the WirelessHD™ specification for home multimedia content delivery and A/V connectivity. SiBEAM is a global leader in driving the architecture and semiconductor implementation for the distribution and presentation of high-definition content in the consumer electronics and personal computing markets. Solutions for wireless personal area networks (WPAN) and automotive will follow. The company was founded in 2004 and is headquartered in Sunnyvale, California, with offices in San Diego, Seoul and Tokyo. For more information please visit: www.sibeam.com.

About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Supporting sponsors of The 2009 American Business Awards include High Performance Technologies Inc., John Hancock, LifeLock, RCN Corporation, Softpro, and Ultimate Software. Media sponsor is the Business TalkRadio Network. Localization partner of the 2009 Stevie Awards is Lionbridge.

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