Always ONTM Names SOMA Networks to its Top AO100 List of Companies for Demonstrated Market Traction and Ability to Disrupt Existing Markets

San Francisco, Calif., June 24, 2003 – SOMA Networks, Inc., today announced its inclusion on the first annual AlwaysOn (AO) Top 100 Private Companies list, which recognizes innovative private companies that have demonstrated market leadership and game-changing technologies. This award distinguishes SOMA Networks for its innovative all-IP, fully converged, end-to-end broadband wireless solution, which cost-effectively delivers high-speed Internet access and landline-quality voice services to the residential and small office market, and recognizes the company’s success with communications service providers seeking last-mile access.

"SOMA Networks is focused on leveraging its innovative broadband wireless technology and industry expertise to expand the reach of communications service providers across the globe,” said Yatish Pathak, CEO, SOMA Networks. “We are pleased to be recognized by AlwaysOn and our peers for developing and delivering industry-leading technology solutions that positively impact our customers and the wireless broadband market as a whole. This award highlights the ability of SOMA Networks to evolve an industry and capture significant market-share through the use of innovative technology and the delivery of a profitable business case for our customers.”

After evaluating more than 700 companies and surveying more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, AlwaysOn, a media company dedicated to connecting global leaders and technology industry insiders, honored SOMA Networks as a top company in the connectivity sector. Tony Perkins, AlwaysOn editor, and KPMG 1Start identified the AO100 companies based on their innovation and demonstrated leadership among their peers in at least two areas: market traction measured by revenue or customer growth and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.

In explaining the selection process, Mr. Perkins notes: "Our survey proves that private company innovation is alive and thriving. We believe that many of the companies funded in the last 12 months will end up being some of the biggest names associated with the Internet. To raise money and win customers in this market, private companies must show that their products and services are an order of magnitude above what currently exists in the marketplace."

SOMA Networks is expanding the reach of communications service providers with its profitable last-mile wireless solution. The patent pending non-line-of-sight system enables customers to reach local markets rapidly and cost-effectively, to reach multiple service segments over a single system, and to reach a strong return on their investment. The SOMA solution features non-line-of-sight access, subscriber self-installation and self-provisioning capabilities, industry-leading cell coverage, multi-megabit data throughput rates, landline-quality voice service, true multi-layer quality of service, and a sophisticated network management system. To date, SOMA Networks has received more than $105 million in funding and has been deployed in several locations in North America and internationally.

About SOMA Networks
Integrating the latest advances in wireless broadband, distributed computing, and Internet technologies, SOMA Networks offers the industry’s leading “last-mile” wireless broadband system. With SOMA Networks’ end-to-end system, service providers can quickly and profitably roll out a feature-rich package of broadband Internet access and carrier-grade voice services to the residential and small-office market. Key advantages of the SOMA solution include its large cell size for quick and inexpensive market entry, multi-megabit data rates, true carrier-grade voice capabilities, non-line-of-sight access enabling self-installation of the SOMAport™ subscriber device, and simple subscriber self-activation of services via the Internet or telephone. Founded in 1998, SOMA Networks has development centers located in San Francisco, California; Richardson, Texas; and Toronto and Ottawa, Ontario. For more information about SOMA Networks, visit http://www.somanetworks.com.

About AlwaysOn
AlwaysOn (AO) is a media company dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. AO's founding premise is that consumers and businesses are demanding greater access to the Web for more convenience and productivity, and these demands are beginning to drive the next boom in high technology. www.alwayson-network.com


Media Relations Contact:

Adrienne Low
SOMA Networks
415.882.6524
alow@somanetworks.com