Micralyne Wins Prestigious ASTech Award

October 19, 2002

Photograph of Dr. Chris Backhouse

Edmonton, Alberta, October 19, 2002 – At the 2002 Alberta Science & Technology Awards (ASTech) Gala, Micralyne Inc. was named as the winner of the Outstanding Commercial Achievement in Alberta Science and Technology Award (for companies with revenues of less than $25 million).

Micralyne Inc., a developer and manufacturer of miniaturized MEMS components for companies around the world, was recognized as a leader of the Alberta technology and business community. The event’s audience numbered approximately 1000 at Edmonton’s Shaw Conference Centre.

The criteria for the award, won by Micralyne, considers science or technology businesses that demonstrate outstanding entrepreneurial achievement comparing results such as business growth in sales, earnings and employment; uniqueness of technology, product or process; and technological and financial risk taking.

“We are very honored to be named as the recipient of this award,” said Mr. Chris Lumb, President & CEO of Micralyne Inc. “We were competing against some very successful companies and to be recognized in front of our peers is especially gratifying.”

“Winning this award is the result of a true team effort by all the employees of Micralyne,” continued Lumb. “I’m very proud of our staff – as individuals and as a team – they exemplify what this award is all about.”

Also at the ASTECH Gala, Smart Technologies Inc., the company founded and headed by Micralyne director Mr. David Martin won the Outstanding Commercial Achievement in Alberta Science and Technology Award (for companies with revenues of greater than $25 million). In addition, Professor Michael Brett, holder of the Micralyne / NSERC Senior Industrial Research Chair in Thin Film Engineering, was named as a finalist for the Outstanding Leadership in Alberta Technology Award.

About Micralyne
Micralyne develops and manufactures microfabricated and MEMS (Micro-Electro-Mechanical-Systems)-based products. Micralyne is one of the largest independent companies in the world that manufactures MEMS in high volumes. MEMS technology is built on the premise of making industrial components smaller, faster and less expensive and facilitates radical improvements in the miniaturization of electronic and mechanical devices. These types of devices are used in many industries including communications, automotive, aerospace, and life sciences. More specifically, Micralyne’s micron-scale solutions (i.e. 1000 microns = 1 millimetre) are found in automotive emission sensors, optical switching technology in telecommunication networks, lab-on-a-chip devices for drug discovery, and commercial press equipment for printing today’s most popular magazines. Micralyne is a profitable and growing company headquartered in Edmonton, Alberta, Canada.

For further information contact:
Mr. Chris Lumb
President & CEO
Micralyne Inc.
1911 – 94 Street
Edmonton, Alberta
Canada T6N 1E6
Phone: 780-431-4400
clumb@micralyne.com