Santa Clara, CA - April 30, 2001 - Speedera Networks, Inc., the world's first provider of integrated streaming media, web content delivery, failover and global load balancing services for the Internet, and Hitachi netBusiness, Ltd., a wholly-owned subsidiary of Hitachi, Ltd. (NYSE: HIT), announced today that they have entered into a partnership agreement whereby Hitachi and Hitachi netBusiness will sell services powered by Speedera. The agreement gives customers in Japan and elsewhere in Asia a single source for complete, managed ebusiness services, through Hitachi's family of managed network services.

“As networks and the Internet take on an ever larger role for the distribution of information, the secure and reliable delivery of rich content is a key ingredient for our customers,” said Iwao Hara, president of Hitachi netBusiness. “By working with Speedera, we are now immediately able to provide our customers with the best solutions for delivering multimedia content including sound and video over the Internet. Adding these services to our complete package of business platform solutions will help us achieve our goal of becoming the leading provider of network and Internet business solutions.”

Hitachi netBusiness is focused on helping service providers, content providers and other customers with the services and operating know-how required to get a net business up and running quickly. Hitachi netBusiness benefits from this partnership agreement with Speedera by being able to offer a richer set of managed Internet services as part of its overall solutions set. For its part, Speedera benefits from leveraging Hitachi netBusiness to offer services to a much wider market. Ultimately, customers will receive the greatest benefit as they now have easy access to both companies' industry leading ebusiness services, including co-location, managed hosting, storage, content delivery, streaming media and services for enhanced availability.

“Our partnership with Hitachi netBusiness, part of one of the world's leading electronics companies, greatly strengthens our presence in Asia,” said Ajit Gupta, CEO of Speedera Networks. “We're honored by Hitachi's selection of Speedera as a partner, which provides a strong validation of our technology. The combined forces from our two companies will provide enterprises with industry-leading managed services. These services enable enterprises' end-users to experience great web performance, high availability and excellent quality for Internet content of all kinds, from graphics to encrypted content to streaming media.”

According to the Internet Association of Japan, Japan is the world's second largest Internet market with 20 million users as of August 2000, and according to MerrillLynch, the market for Internet Service Providers and Managed Data Networks in Japan will grow from 341 billion yen or US$3.1 billion to 2.4 trillion yen or US$23.9 billion by 2009. This translates into approximately 7 percent of the worldwide service market for these services.

About Hitachi netBusiness
Hitachi netBusiness, Ltd. (HnB) is a strategic subsidiary of Hitachi, Ltd. and integrates the expertise of the Hitachi Group and its Internet technologies to build and provide “business platforms” that are secure and cost effective. Hitachi netBusiness provides co-location services using HnB's IDCs (Internet Data Centers) and provides managed storage services using Hitachi's storage system as a leading SSP (Storage Service Provider) in Japan. Hitachi netBusiness is located at 31st Floor, World Trade Center Building, 4-1, Hamamatsu-cho, 2-chome, Minato-ku, Tokyo, 105-6131 Japan. For more information about Hitachi netBusiness, please send e-mail to infodesk@hi-nb.com or visit http://www.hi-nb.com/english/index.html

About Hitachi Ltd.
Hitachi, Ltd., headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 1999 (ended March 31, 2000) consolidated sales of 8,001 billion yen (US$75.5 billion, at an exchange rate of 106 yen to the dollar). The company manufactures and markets a wide range of products, including computers, semiconductors, consumer products as well as power and industrial equipment. For more information on Hitachi, Ltd., please visit Hitachi's Web site at http://global.hitachi.com.

About Speedera Networks
Speedera Networks, Inc. is a leading provider of managed services for improving enterprises' web presence through superior performance, quality, availability and scalability, while reducing costs. The company's edge delivery network is deployed in the Americas, Europe and Asia, with connectivity to over 200 carriers' networks. Speedera's Universal Delivery Network features a unique set of next generation streaming, content delivery, failover and global load balancing services, all based on a common global traffic management infrastructure. The company's customers and partners include Global 2000 companies, service providers, web hosting providers and other organizations worldwide. Speedera Networks is located at 4800 Great America Parkway, Santa Clara, CA, 95054-1227. For more information about Speedera, please call 877-901-7794 (toll free in the USA) or 408-970-1500, visit http://www.speedera.com or e-mail info@speedera.com.