7.15.2008 - 09:25am ET

(CSRwire) WASHINGTON, July 15 /PRNewswire/ -- Density Dynamics Corp. (DDC), a majority-owned subsidiary of Speedus Corp. (Nasdaq: SPDE), has appointed David Wilkerson as Chief Technology Officer to oversee the continuing development of its environmentally friendly, high efficiency solid-state storage and I/O acceleration technology. The DDC product line is among the most energy efficient in the world, responding directly to the energy use problems identified by the computer industry as the Data Center Energy Crises (http://www-03.ibm.com/press/us/en/pressrelease/24395.wss).

"DDC represents an opportunity to develop cutting edge products that reduce IT energy consumption and accelerate data network performance. We plan to have production up quickly, delivering products to customers this summer, and then begin extending the technology into other form factors and other operating niches," said Wilkerson.

Dave brings more than 27 years of experience to DDC with an engineering foundation in a wide range of technologies, including storage technologies, satellite communications, and data networking.

Dave spent 20 years of his career at Hughes Network Systems (HNS) in jobs ranging from design engineer to Director of R&D to Vice President. In addition to HNS, Dave worked at Texas Instruments, Orion Network Systems, Nortel Networks, and Hatteras Networks and consulted widely on new technology development in the communications and computing markets.

About Density Dynamics.
Density Dynamics Corp., a majority-owned subsidiary of Speedus Corp., is located in Washington, DC. DDC is a green technology company. Its high performance solid-state storage and computing devices are some of the most environmentally friendly in the world. DDC can be found on the web at http://www.densitydynamics.com.

About Speedus Corp.
Additional information on Speedus Corp. may be obtained at http://www.speedus.com or by contacting Peter Hodge at 888-773-3669 (ext. 23) or phodge@speedus.com

Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, the continuing development of the Company's sales, marketing and support efforts.

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