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TranSwitch Corporation Announces Proposed Public Offering of Common Stock and Warrants

  TranSwitch Corporation Announces Proposed Public Offering of Common Stock
  and Warrants

Business Wire

SHELTON, Conn. -- March 27, 2013

TranSwitch Corporation (NASDAQ: TXCC) today announced that it is offering to
sell shares of its common stock and warrants to purchase common stock in an
underwritten public offering. Maxim Group LLC is acting as the sole manager
for the offering. TranSwitch intends to use the net proceeds from the offering
for product development, general corporate purposes and working capital.

The shares and warrants described above are being offered by TranSwitch
pursuant to a registration statement previously filed with and subsequently
declared effective by the Securities and Exchange Commission (“SEC”). A
preliminary prospectus supplement relating to the offering has been filed with
the SEC and is available on the SEC’s website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any of the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. Copies of the
preliminary prospectus supplement and accompanying base prospectus relating to
this offering may be obtained from Maxim Group LLC 405 Lexington Avenue, New
York, NY 10174, (800) 724-0761.

About TranSwitch Corporation

TranSwitch Corporation (TXCC) provides innovative integrated circuit (IC) and
intellectual property (IP) solutions that deliver core functionality for
video, voice, and data communications equipment for the customer premises and
network infrastructure markets. For the customer-premises market, we offer
multi-standard, high-speed interconnect solutions enabling the distribution
and presentation of high-definition (HD) video and data content for consumer
electronics applications. We also provide a family of best-in-class
communications processors. For the network infrastructure market, we provide
integrated multi-core network processor System-on-a-Chip (SoC) solutions for
Fixed, 3G and 4G Mobile, VoIP and Multimedia applications. TranSwitch’s
customers are leading consumer electronics and telecom equipment companies
around the globe. To learn more, please visit www.transwitch.com.

TranSwitch Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995 regarding the proposed
public offering and the intended use of proceeds from the offering. The
offering is subject to market and other conditions and there can be no
assurance as to whether or when the offering may be completed or as to the
actual size or terms of the offering. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to differ
materially, including market conditions, risks associated with the cash
requirements of our business and other risks detailed from time to time in our
filings with the Securities and Exchange Commission, and represent our views
only as of the date they are made and should not be relied upon as
representing our views as of any subsequent date. We do not assume any
obligation to update any forward-looking statements.

TranSwitch is a registered trademark of TranSwitch Corporation.

Contact:

TranSwitch Corporation
Robert A. Bosi, 203-929-8810 ext. 2465
Vice President and Chief Financial Officer
or
Mary Lombardo, 203-929-8810 ext. 2254
Investor Relations