BRISTOL, England, April 28 /PRNewswire/ --

- Third Successive Quarter of Growth for Private Wireless Semiconductor 
Company

Icera Inc., the wireless soft modem company, today announced
that it closed its third successive quarter of revenue growth at the end of
March 2009. Although the overall cellular market is affected by the global
downturn, Icera remains focused on the mobile broadband market which is
continuing to see strong growth driven by continued subscriber demand for
cellular data products and services.

Stan Boland, President & CEO of Icera Inc, said: 'Despite poor
visibility in the marketplace which makes it difficult to predict forward
revenues with accuracy, during the first quarter, Icera has seen healthy
demand for its chipset, particularly for HSPA USB sticks and we've begun
multiple further customer projects which we hope will bring additional
revenue growth in future quarters. These projects include more USB stick
devices and embedded modules for the fast-emerging netbook market. As a
result, we're optimistic that our market share will grow strongly as the year
progresses.'

Boland continued: 'We were fortunate to have secured US$70M of
funding in December 2008 which will sustain us during the current period of
economic uncertainty and fund us through to profitability. With other 3G
chipset companies unable to keep up with the market leader or unable to
qualify their chipsets, customers are turning in greater numbers to Icera's
soft modem solution for competitive advantage.'

Icera is unique in offering a fully soft modem solution which
offers a more flexible and higher performance solution than chipsets from
other suppliers. In recent independent industry tests*, Icera's solution
outperformed the incumbent market leader Qualcomm and four other potentially
competitive chipset suppliers, coming top overall and leading the field in
ten out of twelve of the most challenging, but realistic, network scenarios.

Icera's solutions currently support Category 9 HSDPA
(10.2Mbps) and Category 6 HSUPA (5.7Mbps), as well as GSM, GPRS and EDGE,
with a firmware upgrade to 14Mbps available later in 2009.

For competitive reasons, Icera does not reveal financial
results or projections.

*Signals Research, February 2009

About Icera

Icera is a fabless semiconductor company, pioneering high
performance, low power, soft modem chipsets for the fast growing mobile
broadband device market. Icera technology delivers the highest performance
modem solutions for USB dongles, datacards, laptops, mobile internet devices
and smartphones. Founded in 2002, Icera is headquartered in the UK, with
design locations in the UK, France and North America, with customer
engineering and sales offices in Europe, Asia and the USA. For more
information, visit the Icera web site at http://www.icerasemi.com.