Hyperchip leading employer in both Quebec and Canada

MONTREAL - October 25, 2002 - Hyperchip Inc, a leading developer of core IP systems, today announced that it has been included in two prestigious top employer lists, Canada's Top 100 Employers and Le Palmarès du Quebec. Both these nominations highlight Hyperchip's positive employee experience, from excellent benefits, to the work environment, flexibility, management feedback and accessibility.

Canada's Top 100 Employers Editor Richard Yerema and his team of researchers at Mediacorp Canada Inc. started by examining over 47,000 companies and organizations across Canada. From these, 6,000 employers were invited to provide detailed information about their employee benefits, working conditions and overall human resources programs. The new 2003 edition of Canada's Top 100 Employers will be released in November. "The book is a catalogue of best practices," says publisher Anthony Meehan, "when it comes to recruiting and retaining outstanding employees." Now in its 3rd annual edition, the book was named Canada's top-selling business book by The Globe and Mail last year.

"Hyperchip has been able to attract a young and extremely qualified team of researchers, including leading engineers who previously decided to work outside Quebec in order to be able to work on world-class projects", highlights Brian Barry, Hyperchip's CEO. "It is of foremost importance to offer them a working environment corresponding to the efforts they deploy to develop one of the key piece of the next-generation Internet networks."

"We are really proud of the various accolades Hyperchip received recently," adds Brian Barry. In the past, Hyperchip was recognized as a top investment opportunity [Canada IT Financing Forum's Investor's Choice and Network Outlook's Investor's Choice], and an exciting start up [Telecommunications Magazine Start Up To Watch]. Recently Red Herring Magazine placed us in their list of the 50 private companies in the world most likely to influence the future, and now these two top employer nominations are highlighting the quality of our internal environment."

 

About Hyperchip
Based in Montreal and Dulles (Virginia), Hyperchip is defining the future of the Internet with cost-effective, high-performance IP systems that offer reliable, high-quality bandwidth at a fraction of the current costs. Hyperchip's core IP systems reduce operating and capital costs, while delivering the reliability and flexibility necessary to support high-revenue services that will enable carriers to increase profits from their IP networks.

Hyperchip has raised $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, Van Wagoner Capital Management and Investissement Quebec. For more information about Hyperchip, visit the company Web site at www.hyperchip.com.

For more information, please contact:

Alain Bourget
Hyperchip Inc.
514-906-2489
abourget@hyperchip.com

Jennifer Goldfinch
Hyperchip Inc.
514-906-4844
jgoldfinch@hyperchip.com

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