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Correction of August 19 Announcement Regarding NASDAQ; TranSwitch Corporation Listed on OTCQB After Delisting on NASDAQ

  Correction of August 19 Announcement Regarding NASDAQ; TranSwitch
  Corporation Listed on OTCQB After Delisting on NASDAQ

Business Wire

SHELTON, Conn. -- August 21, 2013

TranSwitch Corporation (NASDAQ:TXCC), a leading provider of semiconductor
solutions in the rapidly growing consumer electronics and telecommunications
markets, today announced that prior to its listing on the Real Time Level II
stock quotes on the OTCQB tier of OTC Markets, it has withdrawn its appeal to
the Nasdaq Hearings Panel following the Nasdaq staff determination that the
Company did not satisfy the requirements for continued listing on The Nasdaq
Capital Market. Pursuant to Nasdaq procedures and prior to the same day
listing of the Real Time Level II of the OTCQB tier of OTC Markets the Company
expects Nasdaq to suspend trading of the Company’s common stock effective at
the open of business, August 22, 2013, and to subsequently delist its common
stock whereupon the Company’s common stock will be quoted under its ticker
symbol “TXCC” on the OTCQB tier.

The Company does not anticipate any delay or inconvenience in the receipt of
real time quotes as a result of these actions.

The new listing will be effective at the opening of trading on August 22,
2013. As of that date, investors and other interested parties will be able to
view the Real Time Level II stock quotes for TXCC at http://www.otcmarkets.com
or at the investor’s trading site. The OTCQB is a market tier for OTC-traded
companies that are registered and reporting with the Securities and Exchange
Commission.

About TranSwitch Corporation

TranSwitch Corporation (Nasdaq: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. For more information, please visit www.transwitch.com.

Forward-looking statements in this release, including statements regarding
management's expectations for future financial results and the markets for
TranSwitch's products, are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Investors are cautioned that
these forward-looking statements regarding TranSwitch, its operations and its
financial results, involve risks and uncertainties that could cause actual
results to differ materially from those contained in the forward-looking
statements, including without limitation the risks associated with downturns
in economic conditions generally and in the telecommunications and data
communications markets and the semiconductor industry specifically; risks in
product development and market acceptance of and demand for TranSwitch’s
products and products developed by TranSwitch’s customers; risks associated
with foreign sales and high customer concentration; risks associated with
competition and competitive pricing pressures; risks in technology development
and commercialization; risks of failing to attract and retain key managerial
and technical personnel; risks relating to TranSwitch’s available cash; risks
associated with acquiring new businesses; risks of dependence on third-party
VLSI fabrication facilities; risks related to intellectual property rights and
litigation; and other risks detailed in TranSwitch's filings with the
Securities and Exchange Commission.

TranSwitch expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statements to reflect any change
in expectations or any change in events, conditions or circumstances on which
any such statement is based.

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
 
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