Micralyne and Polychromix Announce Manufacturing Partnership

May 10, 2007

Edmonton, Alberta, May 10, 2007 – Micralyne Inc., an industry leading independent Micro-Electro-Mechanical-Systems (MEMS) microfabrication company, announced today a partnership with Polychromix, a leading developer of innovative inspection and analysis tools, to manufacture MEMS near-infrared (NIR) devices for the revolutionary Polychromix Phazir™ product line.

The Phazir™ is a handheld device that can perform qualitative and quantitative analysis of materials directly at their source—the first of its kind in the industry. The Phazir™ combines Digital Transform Spectroscopy (DTS™), an innovative technique, with MEMS technology to reduce large, stationary analytical laboratory instruments into one handheld, NIR analyzer. Manufactured at Micralyne, these MEMS devices can be mass-produced, resulting in low-cost and extremely robust and reproducible products. In addition, the MEMS engine is an electrostatic device, minimizing power usage and maximizing battery life.

The Phazir™’s lightweight portability streamlines quality control and quality assurance processes, while retaining high-speed analysis, pinpoint accuracy, and operational endurance (over ten hours of continuous use before needing to recharge the battery). The Phazir™ can be software configured for a variety of applications, including recycling, inspection of incoming raw materials, analysis of agriculture properties, fraud identification, and forensics.

“Polychromix has a revolutionary product offering. The uniqueness of its technology makes the Phazir™ a necessary tool for numerous industries,” commented Chris Lumb, President and CEO of Micralyne. “As Polychromix’s manufacturing partner, we understand the need for high quality MEMS devices to ensure the success of its product, and we are excited to contribute to this innovative technology and look forward to its growth.”

Polychromix CEO Brian Mitchell said, “Our core MEMS technology has enabled us to develop highly differentiated products with unparalleled capabilities in a large and growing industry. Partnering with Micralyne enables us to offer an innovative, first of its kind analysis tool at a reasonable cost, without sacrificing quality.”

About Polychromix
Polychromix is a leading developer of innovative cost-effective material analysis and spectroscopy solutions. Based on a patented MEMS (Micro-Electro-Mechanical-Systems) core technology, Polychromix is focused on delivering a new generation of portable and powerful analytical tools at unprecedented cost. The Polychromix Phazir™ is the first hand held NIR analyzer to incorporate an NIR spectrometer, light source, computer, batteries and color display in a handheld device. For more information, visit www.polychromix.com.

About Micralyne
Micralyne is one of the world’s largest independent MEMS (Micro-Electro-Mechanical-Systems) manufacturers. MEMS technology is built on the premise of making industrial components smaller, faster and less expensive. Micralyne’s micron-scale solutions (i.e. 1000 microns = 1 millimetre) are found in automotive sensors for control systems, lab-on-a-chip devices for drug discovery, optical switching technology in telecommunication networks, and precise measurement devices for oil and gas exploration. Micralyne is a fast 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

Mr. Brian Mitchell
President & CEO
Polychromix Inc.
30 Upton Drive
Wilmington, MA 01887
(978) 284-6006