TranSwitch Adds to Board

SHELTON, Conn. -- TranSwitch Corporation (NASDAQ: TXCC - News), today announced the election of Mr. Herbert Chen and Mr. Thomas H. Baer to its Board of Directors.

Mr. Chen, with more than 20 years of investment management experience, is the co-founder and managing member of Lattanzio Chen Management, LLC, an investment firm based in New York that he founded in 2005. Prior to Lattanzio Chen Management, Mr. Chen also founded the investment firm of Chen Capital Management, Inc. and was a partner at Steinhardt Partners, L.P. Mr. Chen holds a degree in business administration from Brown University and an MBA from the Wharton School of the University of Pennsylvania.

Mr. Baer serves as director of Medici Arts, B.V, a Netherlands holding company since its inception in 2004, and as Vice Chairman of Medici Arts, LLC since January 2007. In addition, Mr. Baer serves as a special advisor to Ideation Acquisition Corporation, a special purpose acquisition corporation seeking acquisitions in the digital media space. Since 1983, Mr. Baer has been an active motion picture producer and an executive in the entertainment and media industry in partnership with Michael H. Steinhardt. After serving as an Assistant United States Attorney for the Southern District of New York from 1961 until 1966, Mr. Baer founded Baer & McGoldrick, now Schulte, Roth and Zabel, a law firm with offices in New York and London, where he practiced in the litigation, corporate, mergers and acquisitions, and entertainment fields from 1969 until 1980. Mr. Baer is a graduate of Tufts University and Yale Law School.

“We believe Herb and Tom will be very valuable assets to our Company as board members and we look forward to working closely with them,” said Dr. Santanu Das, president and CEO of TranSwitch. “With Herb’s years of experience in investment management and his financial background and Tom’s years of business experience, they will bring new insight and perspective to Board deliberations, immensely helping us in growing our business.”

TranSwitch Corp. (Nasdaq: TXCC)