Octasic Provides Echo Cancellation for Mitel's Inter-Tel 5000 and Axxess Product Lines

MONTREAL, Quebec, Canada – July 21, 2008 - Octasic Inc., a leading innovator of media processing solutions, today announced that it has been chosen by Mitel® to provide echo cancellation for the Mitel 5000 Network Communications Solution and Axxess® Converged Communications System. Octasics expertise brings unparalleled voice quality through an efficient and feature-rich design.

Mitel, a leading provider of unified communications solutions and applications for business customers, will use Octasics media processing technology to provide voice quality enhancement features to the Axxess converged communications platform. The Axxess product line utilizes open architecture interfaces and standard protocols to transparently combine IP, wireless, digital and analog into a single platform to unify communications into one interoperable enterprise.

Octasics media gateway solutions increase system density and reduce system cost. Through its flexible business model and extensive feature set, OEMs and service providers using Octasic solutions can address their customers unique and complex needs. Understanding the importance of being first to market, Octasic provides solutions that are quick and easy to integrate.

"Mitel is committed to developing solutions that improve the end-user experience starting with what our customers touch and with which they interact every day through award-winning ergonomics and design of our desktop sets, telephones and applications," said Brady Barnes, director of software engineering, SMB Platform Group, Mitel. "This commitment extends to the voice quality of our unified communications solutions using Octasic.”

“Our work with Mitel has provided the telecommunications industry with a cost effective solution,” said Fabio Gambacorta, Octasics vice president of sales. “Delivering high quality solutions has become one of the most vital elements needed to win in the communications market. We are proud to have played an integral role in Mitels design.”

About Octasic

Octasic Inc. is a global provider of media processing silicon and software solutions for the converged carrier, enterprise and end-point communication equipment markets. The companys leading quality VoIP DSP solutions are based on Opus, a unique asynchronous DSP architecture. Octasic allows next-generation equipment manufacturers to significantly reduce system costs by offering unmatched performance in terms of density and power consumption. Founded in 1998, Octasic is a privately-held company headquartered in Montreal, Canada. For more information, please visit www.octasic.com.