EXHIBIT 99.1

ULTICOM ANNOUNCES AUDIT COMMITTEE REVIEW OF MATTERS RELATING TO GRANTS OF STOCK
OPTIONS; PROVIDES SELECTED UNAUDITED FINANCIAL RESULTS

Q4 Sales of $15.6 million; Record Cash, Cash Equivalents, and Short-Term
Investments of $275 million

MT. LAUREL, NJ, March 14, 2006 -- Ulticom, Inc. (NASDAQ: ULCM) today announced
the review by the Audit Committee of its Board of Directors of matters relating
to the company's stock option grants, including, but not limited to, the
accuracy of the stated dates of option grants and whether all proper corporate
procedures were followed. The Audit Committee will be assisted by independent
legal counsel.

It has not been determined whether the review will result in any restatement of
the company's historical financial statements and, if so, the years affected and
the amounts involved. Any such restatements will not have an impact on
historical revenues or operating results excluding stock option related
expenses.

In the fourth quarter ended January 31, 2006, the company achieved sales of
$15,629,000, and ended the quarter with record cash, cash equivalents, and
short-term investments of $275,006,000.

The company will seek to release its full results for the fourth quarter and
year ended January 31, 2006 as soon as practicable after the completion of the
Audit Committee's review and the determination of whether any restatement of the
company's historical financial statements is required. The company cautions that
investors should not make assumptions about the cost of sales, gross margin,
operating expenses, income from operations, net income, earnings per share or
other financial statement items that may be affected by stock option related
expenses.

CONFERENCE CALL POSTPONED

The conference call scheduled for March 15, 2006, has been postponed, pending
completion of the review.

Note: This release may contain "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995 that involve risks and uncertainties.
There can be no assurances that forward-looking statements will be achieved, and
actual results could differ materially from forecasts and estimates. Important
factors that could cause actual results to differ materially include: the
results of the Audit Committee's review; risks associated with the development
and acceptance of new products and product features; risks associated with the
company's dependence on a limited number of customers for a significant
percentage of the company's revenues; changes in the demand for the company's
products; changes in capital spending among the company's current and
prospective customers; aggressive competition may force the company to reduce
prices; risks associated with rapid technological changes in the
telecommunications industry; risks associated with making significant
investments in the expansion of the business and withincreased expenditures;
risks associated with holding a large proportion of the company's assets in cash
equivalents and short-term investments; risks associated with the company's
products being dependent upon their ability to operate on new hardware and
operating systems of other companies; risks associated with dependence on sales
of the company's Signalware products; risks associated with future networks not


utilizing signaling systems and protocols that the company's products are
designed to support; risks associated with the products having long sales cycles
and the limited ability to forecast the timing and amount of product sales;
risks associated with the integration of thecompany's products with those of
equipment manufacturers and application developers and the company's ability to
establish and maintain channel and marketing relationships with leading
equipment manufacturers and application developers; risks associated with the
company's reliance on a limited number of independent manufacturers to
manufacture boards for the company's products and on a limited number of
suppliers for board components; risks associated with becoming subjected to,
defending and resolving allegations or claims of infringement of intellectual
property rights; risks associated with others infringing on the company's
intellectual property rights and the inappropriate use by others of the
company's proprietary technology; risks associated with the company's ability to
retain existing personnel and recruit and retain qualified personnel; risks
associated with the increased difficulty in relying on equity incentive programs
to attract and retain talented employees and with any associated increased
employment costs; risks associated with rapidly changing technology and the
ability of the company to introduce new products on a timely and cost-effective
basis; risks associated with changes in the competitive or regulatory
environment in which the company operates; and other risks described in filings
with the Securities and Exchange Commission. These risks and uncertainties, as
well as others, are discussed in greater detail in the filings of Ulticom with
the Securities and Exchange Commission, including our most recent Annual Report
on Form 10-K and subsequent Quarterly Reports on Form 10-Q. All documents are
available through the SEC's website at www.sec.gov or from Ulticom's web site at
www.ulticom.com. Ulticom makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances after the
date any such statement is made.

CONTACT:

Chris Tunnard
Ulticom, Inc.
(856) 787-2972