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Elixir and Critical Technologies Sign OEM Agreement for Document and E-mail Archive Systems

Press release from the issuing company

VENTURA, CA – August 12, 2005 – Elixir Technologies Corporation, a leading developer of software for creating and managing high-value documents of all types, and Critical Technologies, Inc., developer of the world's fastest and most-scaleable document archive software, today announced that they have signed a long-term OEM agreement for the integration of Critical's iMagio and ceMail software into Elixir's document management systems. This cooperation will allow both companies to benefit from the rapidly growing market for preserving documents of all types, including all customer correspondence and incoming and outgoing e-mail, in order to comply with government regulations. Twenty-year-old Elixir is a pioneer in the creation of documents and resources for high-value production printing, where its customers routinely print and mail millions of pages per month. Elixir sells its products directly and through distribution agreements with Xerox Corporation and IBM to a global audience. Critical Technologies, formed seven years ago, provides its record-breaking archive systems primarily as a hosted solution based in its Dallas data center. Critical's customers include a financial services company that manages one of the world's largest private databases, containing 758 million documents, about 1.2 terabytes in size, and adding roughly 16 million new documents per month. Elixir Chairman, Dr. Haviland Wright, said, “Elixir's customers expect us to deliver best-of-class solutions for their complex problems. As they now face mounting pressure from their senior management to ensure compliance with document retention and preservation, we are happy to be able to offer Critical's proven solutions. With Critical, we're changing the cost-value ratio to the customer's great advantage.” Critical Chairman and CEO, Thomas Dean, said, “We are pleased to combine our technology with Elixir's technical and practical expertise in the rigors of production printing, its global reach, and its mature distribution network. We've spent much of the past year working with Elixir to ensure a tight integration between our software products, support systems, and personnel. Elixir's customer base and markets face severe challenges that our products address.” Critical's iMagio system, which Elixir will label “Blue Ocean,” represents a dramatic increase in the maximum size of document archives that can be created and managed, a theoretical maximum of 18-million terabytes in size. Further, one million documents can be added to an archive per hour. Even with very large databases, Web browser-based search speed stays flat, at around 2 seconds. Where most document archives require a lengthy period of analysis and an even longer period of loading and indexing, the creation of a Blue Ocean archive begins at once by simply loading documents. All data and locational information is indexed during loading. Because all structures are virtual, archive users can immediately begin searching the database, and it takes very little time to redefine and deploy new searches. Blue Ocean's small footprint, only a fraction of the original document size, minimizes the necessity for a massive hardware investment. These attributes combine to offer users a very low total cost of ownership when compared to traditional offerings. Under the new agreement, Elixir will extend the capacities of the Critical solution by supporting a wide range of production document types, including AFP, metacode, Adobe Acrobat PDF files, and other printstreams. Elixir will also integrate the Critical products into its upcoming AJAX-based Worktop, a Web-browser-contained manager and control panel for Elixir's traditional and XML products. Critical's ceMail system, which archives all incoming and outgoing e-mail messages and their attachments, will be sold by Elixir as “Whitewater.” When interfaced with Microsoft Exchange or other email server, Whitewater can process up to 2 million messages per hour. Searches are handled by a Microsoft Outlook plug-in, which delivers selected messages as a bookmarked, multipart PDF file. Elixir intends to offer Blue Ocean and Whitewater as a hosted service; as leased software priced by database size; and as licensed software. Professional services, including scanning, OCR, and database loading and query design, are also available. For more information: www.elixir.com, www.criticaltech.com