SwitchCore postpones AGM to June 14, 2007

SwitchCore is in an active development phase with the third product
generation, Xpeedium3. The first part of the development, which
entailed production of the Network Search Engine, NSE, was completed
at the beginning of 2007. Our current plans stipulate that
development of Xpeedium3 should be completed by the end of 2007.

The past few years the company has been actively negotiating with
financial and industrial partners for partnership in the development
process and collaboration to expand SwitchCore's product range in
order to strengthen the company's position on a very competitive
market.

These discussions, mainly with industrial partners, have entered a
more intensive phase in recent months. SwitchCore's Board has
therefore commissioned two investment bankers to advise the company
in this process.

It is currently not possible to monitor the result of the ongoing
talks. It might result in a decision to run the development project
in-house or a proposal to merge all, or parts of SwitchCore's
business with a Swedish or internationally strategic partner.

Against the background of the ongoing talks, the Board has deemed it
necessary to postpone the 2007 Annual General Meeting, initially
scheduled for May 2, until Thursday, June 14.

Notification of the Annual General Meeting will be distributed around
May 15, 2007.


Board of Directors


For further information, please contact:

Per Andersson, Chairman, SwitchCore
email: per.andersson@switchcore.com
Telephone: +46 708 89 13 62

Erwin Leichtle, President and CEO, SwitchCore
email: erwin.leichtle@switchcore.com
Telephone: +46 703 38 93 00


About SwitchCore
SwitchCore AB develops, markets and sells integrated network devices
for data, voice and video communication based on the Ethernet
standard. The core of SwitchCore's expertise is in its CXE
technology, which allows for significantly higher network product
capacity. Using SwitchCore's components, customers can develop
network products that cost-efficiently manage and prioritize data,
video and voice traffic for many demanding applications. Customers
and partners are network equipment manufacturers and suppliers,
including Intel, Allied Telesyn, Huawei, 3Com, Alloptic, Fiberhome,
Flextronics, Keymile, Radisys and World Wide Packets. The Group
presently has about 55 employees and some 45 consultants contracted.
SwitchCore's headquarters is in Lund, Sweden. The Company also has
offices in San Jose, USA, as well as Singapore and Shanghai in Asia
and Rotterdam in Europe. The Company is listed on Stockholm Stock
Exchange's Nordic List under Smaller Companies under the SCOR ticker.
For more information visit http://www.switchcore.com/