Award recognizes companies that embody innovation, technology, and strategy

BELMONT, Calif. and RICHARDSON, Texas — April 20, 2005 — Today Red Herring announced that InnerWireless® has been named one of 200 finalists for the Red Herring 100 Private Companies of North America award program. More than 900 nominations were submitted for consideration. The Red Herring 100 Winners will be unveiled at the Red Herring Spring 2005 conference, May 17-19, 2005 , in Monterey , Calif. Dedicated to celebrating the most exciting private North American companies, the three-day conference will feature keynote speeches, lively dialogue, and company presentations by CEOs of the Red Herring 100.

“There were many strong candidates for the Red Herring 100 list this year, so making it onto the list is quite an achievement,” said Joel Dreyfuss, Editor-in-Chief of Red Herring. “In the post-bubble era, North American technology companies have focused on making sure management is strong and that the business model makes sense.”

“The InnerWireless team is honored to be a Red Herring 100 finalist, putting us among many remarkable companies and fascinating technologies,” said Ed Cantwell, president, CEO and chairman of InnerWireless. “InnerWireless is leading the in-building wireless revolution by deploying our unified broadband wireless distribution platform in the healthcare, Fortune 1000, and government markets. Demand for our wireless utility is strong, fueled by the growing consensus that complete indoor wireless coverage is mandatory for the 21 st century building. Our unparalleled planning and engineering, coupled with our proprietary passive system and track record of zero operational failures, is what differentiates InnerWireless.”

The InnerWireless System guarantees wireless coverage for a full range of wireless applications and services, including wireless LANs, personal communications services (PCS), BlackBerry® devices, cell phones, PDAs, and two-way radios for property maintenance, first responders and security in buildings ranging in size up to 10 million square feet.

The award finalists will be evaluated to determine the Red Herring 100 that embody innovation, technology, and strategy. The Red Herring editorial team has completed a thorough analysis of business model, competitive advantage, alliances, customers, and technology for each company.

Companies selected to the Red Herring 100 award program will present their business model and technology at the Red Herring Spring 2005 conference. The awards ceremony will take place during the Welcome Dinner on May 17. The three-day intimate event is themed “The Dynamics of Disruptions” and will shine its light on the business of technology, featuring keynotes and roundtable discussions. A complete overview and agenda can be found at www.redherring.com/rhspring05. The Red Herring Spring conference is an invitation-only gathering for CEOs, venture capitalists, and select senior executives. To request an invitation, please contact Sean Raman at 650.428.2900 or via e-mail at sraman@redherring.com.

About InnerWireless
InnerWireless® supports a full range of wireless applications and services in hospitals and large commercial buildings with its broadband, multi-service wireless distribution system. InnerWireless provides engineered and guaranteed wireless coverage throughout buildings ranging in size up to 10 million square feet. This permits InnerWireless to offer a single integrated wireless utility that accommodates wireless systems essential for:

• Interpersonal Communications including PCS/cellular, messaging/personal data, enterprise voice, and paging
• Clinical Operations including wireless infusion therapy/medical administration, enterprise/clinical data, WMTS and portable patient monitoring, and people and asset tracking
• Building Operations including building automation, security and first-responder communications, and push-to-talk radios

About Red Herring
Red Herring covers technology innovation, venture financing, and the deals that make a difference. Its award-winning journalists go deeper, providing a comprehensive, critical analysis of what’s new and why it matters. Red Herring covers the business trends with insight that counts, serving today’s entrepreneurs and the technology of tomorrow. Head to www.RedHerring.com for articles, newsletters, and research reports that matter. To subscribe to the Red Herring Magazine call 866.311.9582 or e-mail redherring@neodata.com.