YAKUM, Israel -- Metalink Ltd. (Nasdaq: MTLK), a global provider and developer of high performance wireline and wireless broadband communication silicon solutions, today announced that NeoWave, Inc., a developer, manufacturer and supplier of fiber optics transmission and Internet access systems, will incorporate Metalink's long-reach Total-VDSL(TM) solution into its new set of broadband access products targeting high-growth broadband markets worldwide. NeoWave is working with a top tier telecom partner that is introducing its new access products, powered by Metalink, to leading operators in Korea and other markets.

"Our goal is to provide high-speed multimedia Internet services to the broadest customer base possible and Metalink's long-reach Total-VDSL chipset represents a significant breakthrough for the broadband industry in terms of speed and reach," said Dr. DooWhan Choi, NeoWave's President and CEO. "Metalink's QAM VDSL products have allowed NeoWave to extend its broadband product offering and provide unprecedented bandwidth in leading broadband markets, including Korea, and throughout Asia-Pacific, at a very compelling cost structure. Furthermore, using Metalink's VDSL technology and outstanding support, our product was selected by a world class global telecommunication equipment vendor to be incorporated in their broadband access systems portfolio."

"We are pleased that NeoWave has chosen to continue our cooperation and incorporate Metalink's long-reach Total-VDSL solution into its new access products," said Tzvika Shukhman, Chairman and CEO of Metalink. "We are confident that the combination of NeoWave's system design excellence together with Metalink's innovative QAM VDSL solutions, in addition to valuable business engagements with world class telecom equipment providers, has the potential to generate significant business and to propel our collaboration to reach additional opportunities in Korea and worldwide."

NeoWave Inc.

Metalink Ltd.