CSD Clearspeed Tech

ClearSpeed Technology plc
04 September 2007


ClearSpeed Technology plc

Licensing agreement with BAE Systems

Bristol, UK - 4 September 2007, ClearSpeed Technology plc (AIM: CSD, 
"ClearSpeed", "Company"), the leader in acceleration for high performance 
computing applications, confirms that the licensing contract signed and 
announced on 6 August 2007 is with BAE Systems, a leading global defence and 
aerospace company. ClearSpeed's technology will be used in satellites and high 
altitude systems.

The agreement encompassed a one-off license payment plus services for up to 18
months which are expected to realise in total over $1.5m in revenue.  ClearSpeed
will also receive royalties on the use of its technology in due course.

This is an important development for ClearSpeed as it not only provides other
types of revenue stream that are complimentary to its principle business, but
more significantly takes the Company into new markets. At the time of its
flotation the Company anticipated that while it focused its core product
development on the emerging high performance computing (HPC) acceleration
market, the feature set that it was developing would also apply to additional
markets.

George Nossaman, director of Advanced Digital Systems for BAE Systems,
commented:

"To deploy and achieve sustained operation of systems in space sets the most
challenging requirements.  Our ability to deliver ClearSpeed's coprocessors to
our space customers, with this technology's unique combination of very high
performance, power efficiency, and full programmability will enable a major
increase in mission capability for key civil, commercial, and defensive space
systems."

Tom Beese, ClearSpeed Chief Executive, said:

"Licensing our technology to a limited number of key partners has always been
planned as part of our strategy.  To be chosen by BAE Systems for use in
satellite systems is a clear demonstration of the versatility and robustness of
our core technology in meeting the most intensive needs in multiple markets."


Enquiries:

ClearSpeed Technology plc                                  0117 317 2000
Tom Beese, Chief Executive Officer
Paul Webb, Chief Financial Officer

KBC Peel Hunt
Oliver Scott/Richard Kauffer                               020 7418 8900

College Hill                                               020 7457 2020
Adrian Duffield/Ben Way


Note to editors

ClearSpeed Technology plc is a semiconductor company that develops parallel
coprocessors and accelerator boards delivering unmatched performance per watt
for high performance computing applications on industry-standard systems.
ClearSpeed Advance accelerator boards are already in use in a number of world
class financial and research institutions, and have provided a 28% increase in
processing performance to the fastest supercomputer in Asia while consuming less
than 2% additional power. ClearSpeed has offices in San Jose, California and
Bristol, UK and has 84 patents granted and pending. www.clearspeed.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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