Synova, Feb. 27, 2007

Synova, the world pioneer and patent holder of water jet-guided laser technology, today unfolded a strategic business model allowing select partners to license its proprietary Laser MicroJet® technology. While the company will continue to develop, sell and service its own Laser MicroJet®-based products, equipment manufacturers spanning various industries will now be able to integrate Synova’s Laser MicroJet® modules into their own tools, and end users will be able to integrate these modules directly into their production centres.

By creating a network of strategic channel partners, this licensing model will facilitate a new revenue stream for the company, as well as firmly position Synova’s technology in additional global markets and applications. It will also enable an immediate increase in production, service and distribution capacity, allowing the company to focus more deeply on serving customers in its core industries: semiconductors, flat-panel displays, solar energy, medical instruments and automotive.

Under the new model, Synova will offer non-exclusive licensing of its Laser MicroJet® module—comprising a coupling unit, laser-source and water pump—for integration into both end-user and equipment manufacturer systems. Under the terms of end-user licensing agreements, the module is available for purchase royalty free. Modules are also available to equipment manufacturers under a prefixed, royalty-based licensing agreement.

In addition, the company is opening its technology to R&D institutions and universities to foster development of advanced applications.