Endwave Adds DMC Stratex to Customer List; Endwave Receives Multi-Million Dollar Initial Order...

Business Editors/High-Tech Writers

SUNNYVALE, Calif.--(BUSINESS WIRE)--May 22, 2001

Endwave Corporation (Nasdaq:ENWV), the leading provider of radio frequency (RF) subsystems for ultra-broadband wireless access networks, today announced that is has received a multi-million dollar

"DMC Stratex Networks is always on alert for strategic opportunities to exercise the state-of-the-art products and processes to ensure our continued competitiveness," said Sam Smookler, president and CEO of DMC Stratex Networks. "We are excited to include Endwave in our community of world-class suppliers and partners."

"We are pleased to add DMC Stratex Networks to our prestigious customer list, and believe this represents the beginning of a long-standing, mutually beneficial relationship," said Ed Keible, president and CEO of Endwave Corporation. "Our unique manufacturing capabilities combined with our millimeter wave engineering expertise are well matched to meet the diverse, volume supply requirements of DMC Stratex Networks."

Endwave's state-of-the-art transceivers, which operate in the 28, 29 and 31 GHz frequency bands, will be integrated into DMC Stratex Networks' XP4 family of point-to-point (PTP) wireless radios for use in cellular backhaul applications and last-mile broadband wireless access. The XP4 wireless radios allow service providers to quickly install low-cost wireless network solutions, while offering a broad range of transmission capacities up to 45 Mbps in frequency bands up to 38 GHz.

About DMC Stratex Networks

With worldwide headquarters in San Jose, Calif., DMC Stratex Networks, Inc., is one of the world's foremost wireless solutions providers for cellular applications and broadband access -- enabling the development of complex communications networks worldwide. Since its founding in 1984, the Company has achieved international recognition for quality, innovation, and technical superiority in delivering data, voice, and video communication systems, including comprehensive service and support. DMC Stratex Networks, with its broad product offering and worldwide sales and support organization, is strategically positioned to serve its customers' needs in wireless high-capacity transmission technology. Additional information can be found at www.dmcstratexnetworks.com.

About Endwave

Endwave Corporation is a provider of radio frequency (RF) subsystems that enable the transmission and reception of data signals in ultra-broadband wireless systems. The company develops and manufactures products used in high-speed cellular backhaul, point-to-point access and point-to-multipoint access applications. These products include RF modules, integrated transceivers, broadband antennas and outdoor units. Endwave has more than 30 issued patents covering its core technologies including semiconductor, circuit and antenna designs as well as its Flip-Chip GaAs FCIC technology. Endwave Corporation is headquartered in Sunnyvale, Calif. Additional information about the -more- company can be accessed from the company's web site at http://www.endwave.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

Statements in this press release may contain forward-looking statements within the meaning of the Federal securities laws and are subject to the safe harbors created thereby. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: the risks that products will fail to achieve market acceptance, the timing of customer orders, delays in the design process, the length of our sales cycle, our ability to develop, introduce and market new products and product enhancements, changes in product mix or distribution channels; the demand for wireless networking products and end-user products that incorporate wireless technology; competitive technologies; and, technological difficulties and resource constraints encountered in developing and/or introducing new products. Forward-looking statements contained in this press release should be considered in light of these factors and those factors discussed from time to time in the company's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" in the Company's report on form S-1, which was declared effective on October 16, 2000, and form 10-Q, filed November 30, 2000.