Hyperchip Expands Manufacturing and Operations Management Team

-- Senior VP Hardware and Logistics brings extensive manufacturing,quality and customer support experience to carrier-grade routing equipment manufacturer --

MONTREAL,April 10th,2002 – Hyperchip is pleased to announce the appointment of Michael McCaughey as Senior Vice President,Hardware & Logistics.An accomplished executive with 20 years experience in manufacturing,operations and management,Mr.McCaughey brings extensive
knowledge in contract manufacturing,quality processes and customer support infrastructures from companies such as Philips Electronics,VIA Systems and SCI Systems,Inc.

"Hyperchip is poised to become the global leader in high-speed networking with a routing technology that meets customer demands for reliable,cost-effective and scalable solutions,"said Brian Barry, Chief Executive Officer of Hyperchip."Michael's recent appointment is key in our efforts to expand our
customer-facing organization and broaden our executive management team in anticipation of the deployment of our product worldwide and a rapid ramp-up in demand for the Hyperchip PBR-1280 router."

As Senior Vice President,Hardware &Logistics,Mr.McCaughey will work closely with the senior management team to evolve Hyperchip into a leading world-class equipment vendor.While spearheading this transformation,he will ensure the deployment of quality processes throughout all operational aspects of the organization,from efficient manufacturing processes to post-sales support infrastructures.

Mr.McCaughey ’s career has exposed him to various facets of operations and general management in manufacturing,engineering,supply chain management,product development,and business development environments.In his most recent role,he was Senior Vice-President,Canada and US North-East,and an Executive Officer at SCI Systems,Inc.,where he implemented a strategy that enabled his division to grow from $30 million to $1.2 billion in revenue,and from 180 to over 3,000 employees.Mr.McCaughey ’s experience at SCI included the successful acquisition of businesses and
assets in Canada,as well as the development and advancement of key customer relationships.

About Hyperchip
Based in Montreal and Dulles (Virginia),Hyperchip is defining the future of the Internet with cost-effective,high-performance systems that simplify the core routing network and enable the wide-scale deployment of a route-once topology.Hyperchip's routers are compatible with existing network
architectures,reducing operating and capital costs while delivering the high-quality bandwidth necessary to support high-revenue services.Hyperchip's carrier-class technology scales upward to route approximately 1,000 times more Internet traffic than today's solutions,eliminating the need for
costly forklift upgrades for network operators.

Hyperchip has raised approximately $220 million in financing since its inception.Its leading investors include TechnoCap,Siemens Venture Capital,Telesystem-Argo,Vertex Technology Fund,Advent International,Optical Capital Group,Altamira,Amerindo,Artemis,JT Ventures,Morgan Stanley,Pilgrim Baxter,Putnam Investments,and Van Wagoner Capital Management.For more information about
Hyperchip,visit the company Web site at www.hyperchip.com.

Note: All funds are in Canadian currency, unless specified otherwise.

Media contacts

Alain Bourget,
Hyperchip Inc.
T. 514.906.2489
abourget@hyperchip.com

Jennifer Goldfinch,
Hyperchip Inc.
T. 514.906.4844
jgoldfinch@hyperchip.com

Hyperchip and the Petabit Routing Company are trademarks of Hyperchip Inc. Other trademarks identified in this release are the property of their respective companies.