12-15-2003
ClearCube Secures an Additional US$5 Million in Funding from GIC Special Investments (GIC SI)
GIC SI's Investment to Help Fund ClearCube's Expansion in Asia

Austin, TX (December 15, 2003) - ClearCube Technology, the market leader in PC Blade desktop computing, today announced an additional US$5 million in funding from GIC Special Investments (GIC SI), the private equity investment arm of the Government of Singapore Investment Corporation (GIC). With over US$100 billion in managed assets, GIC is one of the largest fund management firms in the world, managing the foreign reserves of Singapore. The additional funding will be used to expand ClearCube’s marketing and sales presence in the Asia Pacific region.

“GIC SI investments focuses on well-run companies with a proven track record which have the potential to be industry leaders,” said Darren Wong, Vice President at GIC SI. “ClearCube is the recognized leader in PC Blades, which we believe is the next logical step in desktop computing.”

“The ClearCube solution has gained significant traction in Asia Pacific as companies seek to dramatically reduce desktop operating costs and improve security and availability,” said Raj Shah, Chief Marketing Officer at ClearCube Technology. “GIC SI’s support is invaluable as we continue to expand in the region.”

The ClearCube solution is simple: take the computer off the user’s desk, shrink it to a PC blade, centralize the blades in a secure location, and use software tools to remotely manage and switch between computers and users. ClearCube’s management software enables a “touchless IT” environment where IT managers can remotely manage and control global desktop deployments. By deploying ClearCube, customers realize 99.9% uptime, stronger data and physical security, and at least a 40% reduction in support costs.

About ClearCube Technology
ClearCube Technology is the market leader in PC Blade computing solutions. ClearCube enables customers to reduce their support costs while dramatically improving availability and security throughout their end-user computing infrastructure. For more information, visit www.clearcube.com.

About GIC Special Investments Pte Ltd (GIC SI)
GIC SI is the private equity investment arm of GIC, a fund management company established in 1981 to manage the foreign reserves of Singapore by investing globally. GIC SI manages an international portfolio of investments comprising venture capital and private equity funds, and direct investments. Reflecting its global orientation, GIC SI operates out of offices in key financial centers around the world and is headquartered in Singapore. Additional information is available at www.gic.com.sg.

For further information, please contact:

Ken Knotts
Director of Marketing
ClearCube Technology
512.652.3425
ken@clearcube.com