Year End Trading Update

RNS Number:9528L
ClearSpeed Technology plc
17 January 2008

17 January 2008

ClearSpeed Technology plc

Year End Trading Update

ClearSpeed Technology plc ("ClearSpeed" or "the Group", AIM: CSD), a leader in
high-performance co-processors for supercomputing applications, is publishing a
year end trading update for the year to 31 December 2007.

ClearSpeed grew revenue in the second half and is now expected to report
revenues of more than £1.2m for the year as a whole.  Importantly this growth
was achieved by shipping more product to a wider range of customers,
particularly in the academic sectors.

High Performance Computing (HPC),

In HPC,which continues as a key market, the Group won a major upgrade order from
the Tokyo Institute of Technology system, and received its highest volume of
enquiries ever at the Super Compute Conference, held in the US in November. IDC,
the leading industry analyst, has announced that accelerated computing is one of
its top 10 trends in 2008 for the HPC market.  Clearspeed is positioned to be a
key vendor within this market and its selection as a partner by Hewlett Packard
is further validation of this trend.  It also provides an important indirect
channel into corporations and research institutes.

Embedded Processing

The Group also completed its first Intellectual Property licensing contract with
BAE Systems for US Government satellite processing needs.  This was significant,
both in terms of value, and because it was the first design win in the key new
market of embedded processing. As expected, this achievement created industry
interest, which the Board believes will contribute to growth in the current
financial year.

In September the Group announced its move to an increasingly indirect sales
model, working with partners and distributors to expand ClearSpeed's
international routes to markets.  Coupled with tougher market conditions, this
resulted in a reorganisation and rationalisation of the cost base during Q4
2007.  Completion of this programme is expected during Q1 2008 and will result
in a £4.0m reduction in annualised operating expenditures.  The Group finished
the year to 31 December 2007 with total cash reserves of £19.6m (FY06: £11.8m)

The Group expects to publish its preliminary results for the year to 31 December
2007 during the week commencing 17 March 2008

Enquiries:

ClearSpeed Technology plc                                   0117 317 2000
Tom Beese, Chief Executive Officer
Andy Kroese, Chief Financial Officer

College Hill                                                020 7457 2020
Adrian Duffield/ Ben Way

KBC Peel Hunt (Nominated Adviser and Broker)                020 7418 8900
Oliver Scott / Richard Kauffer


Note to editors

About ClearSpeed Technology

ClearSpeed Technology designs high-performance accelerators that work alongside
conventional computer processors (CPUs) in some of the world's most demanding
applications. ClearSpeed's advanced technologies offer significantly higher
computing speeds than the most powerful CPUs, but use far less electrical power.
Based in Bristol and San Jose, the company has 84 patents granted or pending and
its products include computer chips, boards, software tools, applications and
support.

The ClearSpeed Advance(TM) Accelerator Board sits alongside conventional 
computer processors and handles complex mathematical routines, dramatically 
increasing the speed of applications.

At the heart of the Advance(TM) Accelerator Board are two ClearSpeed CSX600 
chips, each with 96 processor cores that work in parallel to solve complex 
mathematical problems. A single CSX600 chip can perform more than 37.5 billion 
high-precision calculations per second (37.5 GFLOPS), whilst typically using 
less than ten watts of power - an unprecedented performance ratio unmatched by 
any rival system.

As a result, ClearSpeed's Advance(TM) Board has the potential to deliver
significant performance improvements in fields such as financial market trading,
drug discovery, engineering and exploration, where users are demanding
higher-speed computing at lower costs.

The ClearSpeed Advance(TM) Board is currently offered as a plug-in board that 
can be easily fitted as an upgrade to a workstation, server or cluster.


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