Copper Mountain Networks Acquisition

2/11/2005

M&A

$10,000,000

Systems, Inc. (Nasdaq: TUTS) today announced that it has signed a definitive merger agreement to acquire all of the outstanding shares of common stock of Copper Mountain Networks, Inc. (Nasdaq: CMTN) in a stock-for-stock transaction valued at approximately $10 million. Upon closing, Tut Systems will issue approximately 2.5 million shares of its common stock to the shareholders of Copper Mountain Networks. Approximately 25.2 million shares of Tut Systems common stock are currently outstanding. In a separate, previously announced merger, Tut Systems has also agreed to acquire CoSine Communications, Inc. in a stock-for-stock transaction, and if approved by the stockholders of CoSine and Tut Systems, Tut Systems would issue approximately 6.0 million shares of its common stock to the shareholders of CoSine. Each transaction is expected to close in the second quarter of 2005, and each is subject to applicable stockholder approvals, and other customary closing conditions.

Acquired or Merged

Networking

1850 Embarcadero Rd
Palo Alto, CA 94303
USA

Not Recorded

Copper Mountain Networks develops digital subscriber line (DSL) communications products that enable high-speed broadband connectivity over existing copper phone lines. Copper Mountain sells the majority of its products directly to local phone carriers and ISPs in the US.