NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: SPECTRUM SIGNAL PROCESSING INC. TSX SYMBOL: SSY NASDAQ SYMBOL: SSPI JUNE 1, 2004 - 07:00 ET Lockheed Martin Selects Spectrum flexComm SDR-3000 Platform for Advanced Communications System Development COLUMBIA, MARYLAND--(CCNMatthews - June 1, 2004) - Spectrum Signal Processing Inc. (NASDAQ: SSPI / TSX: SSY), a leading provider of high performance solutions for wireless signal processing applications, today announced that its flexComm(TM) SDR-3000 software reconfigurable platform has been selected by Lockheed Martin Space Systems for the development of advanced communications systems. "We are pleased that Lockheed Martin Space Systems will be employing Spectrum's application specific platform offering," stated James Atkins, President of Spectrum Signal Processing (USA) Inc. "The SDR-3000 is the only high performance platform of its kind designed specifically for communications applications. Its capabilities are ideal for developing leading-edge systems for use in a variety of defense communications programs." The flexComm SDR-3000 configuration for Lockheed Martin combines high performance field programmable gate arrays from Xilinx(TM) and PowerPC(TM) processors from Motorola and IBM for signal processing. RapidIO(R) provides a high bandwidth interconnect fabric between the processors, as well as the input/output functionality to the processors, to ensure efficient use of the processing resources. Software development tools include Spectrum's quicComm(TM) hardware abstraction layer to facilitate algorithm partitioning and programming, and a POSIX-compliant real-time operating system. "Spectrum's SDR-3000 platform combines integrated, high performance hardware with communications optimized software to enable the development of advanced signal processing systems," stated Chris Jelks, senior manager of strategic IR&D for Special Programs at Lockheed Martin Space Systems. "We will be using the SDR-3000 to develop foundational technology applicable to several communications-related programs." About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The Corporation reported 2003 sales of $31.8 billion. Lockheed Martin Space Systems Company, headquartered near Denver, Colo., is one of the major operating units of Lockheed Martin Corporation. Space Systems Company designs, develops, tests and manufactures a variety of advanced technology systems for space and defense. Chief products include space launch systems, defense systems, interplanetary and science spacecraft, spacecraft for commercial and government customers, fleet ballistic missiles and missile defense systems. About Spectrum Signal Processing Inc. Spectrum Signal Processing designs, develops and markets high performance wireless signal processing products for use in defense and commercial communications infrastructure applications. Spectrum's optimized hardware, software and chip technology work together to collect, compress and convert voice and data signals. Founded in 1987, Spectrum provides its customers with faster time to market and lower costs via flexible, reliable and high-performance solutions. Spectrum platforms are targeted for use in government intelligence, surveillance and communications systems, satellite hubs and cellular base stations. More information on Spectrum and its flexComm product line is available at www.spectrumsignal.com. This news release contains forward-looking statements related to the Spectrum Signal Processing Inc. flexComm product line. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission. (TM) flexComm and quicComm are trademarks of Spectrum Signal Processing Inc. (R) Xilinx is a trademark of Xilinx, Inc. (R) PowerPC is a trademark of International Business Machines Corporation. (TM) RapidIO is a trademark of the RapidIO Trade Association. -30-FOR FURTHER INFORMATION PLEASE CONTACT:
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