CSD Clearspeed Tech

RNS Number:9791G
ClearSpeed Technology plc
05 November 2007

5 November 2007



ClearSpeed Technology plc

Chief Financial Officer appointed

ClearSpeed Technology plc (AIM: CSD), the leader in high-performance
co-processors for supercomputing applications, has appointed Kevin Andrew Kroese
Chief Financial Officer with immediate effect.  He takes over from Paul Webb,
who indicated on 27 September 2007, his intention to retire early in 2008.

Andrew has extensive experience and expertise in finance and the technology
sector having held a number of finance and managerial roles within HP over the
last 20 years across the US and in the UK.  Andrew's experience includes
financial leadership roles in product development for Hewlett-Packard's industry
standard servers and storage businesses.  Most recently he served as the
financial leader for HP's personal computer business focused on world-wide
go-to-market operations including supply chain.

Andrew will be based San Jose and in addition to being Chief Financial Officer,
will be involved in working directly with Clear Speed's partners and customers
worldwide.

Tom Beese, Chief Executive, commented:

"I am delighted that Andrew is joining us.  He brings a wide range of IT
industry and finance experience particularly in the area of worldwide operations
effectiveness in delivering to customer needs.  I am confident that he will make
a significant contribution to the Group's leadership and growth of our business"

Andrew Kroese, aged 47, has confirmed that there are no other matters to be
disclosed in relation to Schedule 2 paragraph (g) of the AIM Rules.

Enquiries:

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

College Hill                                                      020 7457 2020
Adrian Duffield/ Rozi Morris

KBC Peel Hunt                                                     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 AdvanceTM Accelerator Board sits alongside conventional computer
processors and handles complex mathematical routines, dramatically increasing
the speed of applications.

At the heart of the AdvanceTM 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 AdvanceTM 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 AdvanceTM 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
END

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