BOSTON, Mass., March 5, 2007--PrismTech™, an acknowledged leader in the provision of state-of-the-art software platforms and tools, announced that it secured more than 70 contract ‘wins' during 3Qtr (Oct.-Dec.) of its Fiscal Year 2006. This marks a 20 percent increase from the previous quarter and continues the company's record-setting pace to exceed its annual performance goals.

Of significant note, more than 80 percent of the contracts in 3Qtr represented new wins. All PrismTech's key product lines showed good growth: Spectra™ SDR (software defined radio) Tools, OpenFusion® CORBA® (common object request broker architecture) products and OpenSplice™ DDS (data distribution service) software. As usual, significant agreements were secured for Defense C3I, Telco OSS and SDR application domains.

“We are extremely proud of our results for the third quarter, which again validate the increasing research and development investments we've made over the past few years,” said Steve Jennis, SVP Corporate Development, PrismTech. “This R&D has resulted in innovative products with clear competitive differentiation in performance, QoS and developer productivity. The resulting value proposition for our customers has produced these record results. We see no reason to doubt that our growth will continue at a fast pace as we continue to bring further new products to market.”

PrismTech's large customer base includes numerous Fortune ‘Global 500' companies including: Alcatel, Ericsson, Siemens, CISCO, Samsung, LG, Raytheon, Lockheed Martin, Boeing, EADS, and Thales.

PrismTech's contract highlights for 3Qtr FY 06 included:

--An agreement by which SELEX Communications, a Finmeccanica company, will use PrismTech's Spectra Tools for the development and deployment of its SDR product line;

--An agreement by which Raytheon will use PrismTech's OpenFusion RTOrb Java™ Edition CORBA middleware in support of the U.S. Navy's DDG 1000 Zumwalt Class Destroyer program;

--An agreement by which ETRI, Korea's Leading R&D Institute, will use PrismTech's OpenFusion e*ORB™ SDR C++ Edition middleware solution for work related to commercial SDR applications;

--Submission of a US Patent Application for PrismTech's Field Programmable Gate Array (FPGA) Integrated Circuit ORB (ICO) middleware technology—a technology that represents a breakthrough in standards-based inter-operability and portability for embedded systems; and,

--The appointment of world-renowned distributed computing expert Dr. Douglas C. Schmidt as PrismTech's CTO.

Further information about PrismTech is available from its website at www.prismtech.com.

About PrismTech

PrismTech is an acknowledged leader in the provision of state-of-the-art software platforms and tools that help developers of standards-based, carrier-class systems to: minimize time-to-market, reduce costs, and enhance functionality, quality and reliability. The Company provides network infrastructure code, productivity tools, and professional services for applications ranging from WAN integration to embedded Real-time systems in markets such as Telecomm OSS, Defense C3I, and Software-Defined Radio. PrismTech's customers constitute an impressive list of major systems integrators, network equipment providers and other OEMs, including many Fortune Global 500 companies. PrismTech was founded in 1992 and is a privately-held group with US operations based in Boston, MA and Saddle Brook, NJ, and European operations in the UK, Germany, The Netherlands and France. For additional information about PrismTech, visit the web site at www.prismtech.com.

CORBA is a registered trademark of the Object Management Group, Inc in the U.S. and other countries. SUN, Sun Microsystems, the Sun Logo, Java, and J2EE are trademarks or registered trademarks of Sun Microsystems, Inc in the U.S. and other countries. OpenFusion, OpenSplice, Spectra and Xtradyne are trademarks or registered trademarks of PrismTech. All other trademarks are the property of their respective owners.