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To: Peace who wrote (2123)	4/26/2001 4:46:22 PM
From: TechMkt	Read Replies (1) \| Respond to of 2404

Thursday April 26, 4:12 pm Eastern Time Press Release Aware, Inc. Reports First Quarter 2001 Financial Results Revenues $8.2M, EPS $0.09 BEDFORD, Mass.--(BUSINESS WIRE)--April 26, 2001--Aware, Inc. (NASDAQ: AWRE - news) reported financial results for its first quarter ended March 31, 2001. First quarter 2001 revenue increased 25 percent to $8.2 million, compared to $6.6 million for the quarter ended March 31, 2000. Net income this quarter was $2.1 million, or $0.09 per diluted share. Net income in the first quarter of 2000, which included a $1.6 million non-recurring charge, was $0.6 million, or $0.03 per diluted share. Michael Tzannes, chief executive officer, said: ``The ADSL subscriber market continues to grow as subscribers are added in existing markets and new markets are opened around the world. However, excess ADSL chip inventory and central office service capacity still needs to be absorbed by the market. We expect that because of this, despite growing demand for ADSL service, there will be a reduced demand for chipsets in the short term.'' Tzannes, continued, ``There are a number of reasons why we are optimistic about the longer term, including: End-user demand for ADSL service remains strong - estimates show between 10 and 12 million new subscribers in 2001, and an additional 15-20 million in 2002. Service providers are continuing rollouts in the US and Korea and expanding into new countries such as Germany, Japan, China and Taiwan; DSL-enabled Digital Loop Carrier products are expected to expand the reach and open new market opportunities; and New chipsets from Aware's customers are expected to enter the market in coming quarters. For these reasons, we are continuing to increase spending in technology and resources, with the goal of reaching new levels of profitability when the market recovers. We feel confident about our prospects as an intellectual property company in the broadband communications industry and are focused on the long term success of our business.`` Note: Aware's conference call will be broadcast live over the Internet today, April 26, 2001 at 6:00 p.m. Eastern Time. To listen to the call, please go to www.aware.com, and click on ``Investor Relations.''