Aveso: Thin, Flexible, Low-Cost Printed Electronic Displays

Aveso Receives Product Development Award from the Center for Commercialization of Advanced Technology

Dow spin-out developing flexible electronic displays for military use

Minneapolis, April 12, 2005 – Aveso, Inc., a pioneer in the development of ultra thin, ultra low-power printed electronic displays, announced today that it has been awarded a Product Development Award by the Center for Commercialization of Advanced Technology (CCAT) to support the development of the next generation of Aveso displays for future use in military applications. The award was granted as part of CCAT’s latest solicitation to help introduce innovative homeland security technologies to both the military and commercial marketplaces.

A recent spin-out from The Dow Chemical Company (NYSE: DOW), Aveso develops printed electronic display devices for the high-growth, high-volume smart card and smart label markets, where brand owners seek a cost-effective means to deliver critical security and safety information to consumers. The devices feature the company’s proprietary printed electronic display technology integrated with electronic components including microprocessors, power, radio frequency (RF) antenna and user interface. Funding from the CCAT will support Aveso’s efforts to develop next-generation, higher-resolution displays that meet both military and commercial applications.

The target military application for higher-resolution, matrix-addressable Aveso display technology is a wirelessly updateable display device that can be worn as a wristband or embedded into textiles. The device will feature an Aveso display with sufficient resolution required to provide soldiers with situational awareness communications, updated commands, maps or pictures.

“Aveso’s CCAT award speaks to the importance of near-term flexible display products for the military,” said Tom Byrne, program manager of CCAT. “Aveso’s technology represents a practical display solution that can be commercialized rapidly. Our support will help accelerate efforts to develop this breakthrough technology and get it into the hands of our military personnel as quickly as possible.”

Stephen F. Quindlen, president and chief executive officer of Aveso, said, “We look forward to working with CCAT as we develop our next-generation product platform and identify early adopters of our technology across the U.S. military.”

About the Center for Commercialization of Advanced Technology
CCAT — supported by Congress and funded by the Department of Defense — is a public-private collaborative partnership between academia, industry, and government. Partners include San Diego State University (SDSU) Foundation and Entrepreneurial Management Center, the University of California, San Diego (UCSD) Jacobs School of Engineering and UCSD CONNECT, and Lockheed Martin ORINCON Technologies, Inc. with support from the Space and Naval Warfare Systems Center, San Diego. The consortium-style CCAT intends to bridge the gap that exists between the generators of technology, the Department of Defense and the commercial marketplace. For more information about CCAT, visit www.ccatsandiego.org.

About Aveso, Inc.
Aveso, Inc. is a pioneer in the development of ultra thin, ultra low-power printed electronic displays produced using existing print manufacturing capacity. The Company’s display devices, typically less than half the thickness of a standard credit card, make it possible for the first time to integrate electronic displays into high-volume printed products such as credit cards and packaging labels. Aveso display devices are designed for integration into the global card and label manufacturing base and can be scaled cost-effectively in the hundreds of millions to billions of units.