01 September 2006

Licensing deal with Sprint

Endace Limited ("Endace" or "the company")(AIM: EDA), a world leader in industrial strength IT network security and analysis products, and Sprint Nextel Corp. (NYSE: S), a world leader in communications services, announces that the two companies have entered into a technology licensing agreement of two key Sprint Nextel innovative technologies. Developed by the Sprint Nextel Applied Research & Advanced Technology Labs in Burlingame, CA, the technologies improve the capture, analysis, and classification of network traffic that enables network security event detection and mitigation.

This agreement demonstrates Sprint's commitment to world-class secured networks, Endace's first-mover advantage with evolving high-speed network monitoring systems and both companies' ongoing commitment to technological excellence. In conjunction with Endace's 40 gigabits per second (40Gbps) technology already in development, Endace will be able to offer security monitoring products that reach from the edge of the Internet to the highest speed elements at its core. Endace expects commercial products resulting from this technology licensing to be widely available in early 2007.

Endace CEO Selwyn Pellett said, "Through our relationship with Sprint Nextel, the combination of this technology with our existing advanced hardware technology, gives Endace the ability to deliver products to protect the very core of the Internet and its users. It demonstrates that we retain our leadership in providing increasingly complex, but cost effective, network monitoring and security systems."

"Licensing key technologies to industry innovators such as Endace allows Sprint Nextel to realize broader value through commercialization. Endace has a proven market position in network performance monitoring technology, and Sprint has enjoyed a relationship with them over the last several years. Adding this technology to the Endace portfolio will increase Sprint's choices in the marketplace, and should position both companies for greater influence in the emerging security performance market," added Tim Kelley, Director, Sprint Nextel Applied Research & Advanced Technology Labs.