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Press Release

December 6, 2007

Red Herring 100 Global Award

BLADE Network Technologies Named a “Red Herring 100 Global” Award Winner

Garnett & Helfrich portfolio company has been chosen as one of the top tech start-ups in the world

Santa Clara, Calif., December 6, 2007BLADE Network Technologies Inc. (BLADE), announced today that it has been selected as a winner of the Red Herring 100 Global Award.

Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 100 winners of this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration.

“It is a great honor to be selected by Red Herring as one of the top 100 startups in the world,” said Vikram Mehta, president and CEO of BLADE. “I congratulate the entire team at BLADE, as well as our customers and business partners, because they are the real winners of this proud moment in BLADE’s history.”

The winning companies were announced and celebrated at the Red Herring Global event in Seattle, WA, on December 3–5.

About Red Herring

Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.

About BLADE Network Technologies

BLADE Network Technologies is the market-leading supplier of Gigabit and 10G Ethernet, IP and Application Switches for blade server systems globally. BLADE is the first vendor to focus exclusively on serving the network infrastructure needs of the rapidly growing blade server market. The company’s end-users include Fortune 500 companies across 26 different industry segments. As the number-one supplier of network switches for blade servers, BLADE boasts an installed base of more than 133,000 blade server switches (representing approximately 3 million switch ports) around the world. In 2006, BLADE was established as a fully independent company when it purchased certain assets of Nortel’s Blade Server Switch Business Unit. For more information, visit BLADE at www.bladenetwork.net.