Elbit Systems Ltd. Places Order With eNGENUITY Technologies to Become Latest Customer of Their DO-178B Qualifiable Code Generator - QCG Product.

Business Editors

MONTREAL--(BUSINESS WIRE)--Nov. 28, 2001

eNGENUITY Technologies Inc. (TSE: EGY.), a leading supplier of collaborative tools for the smart engineering of high-reliability systems over the Web, today announced a significant order was received from Elbit Systems Ltd. (NasdaqNM: ESLT), the international defense electronics company in Haifa, Israel for its new Qualifiable Code Generator (QCG) product.

Elbit has purchased eNGENUITY Technologies' QCG software for code generation of cockpit displays for an undisclosed application that is to be certified by a civil aviation authority to DO-178B Level A standards and is valued at over $200,000 USD.

"We have placed this significant order with eNGENUITY Technologies because we recognize the contribution that they and their tools make to our core business," said Mr. Shlomo Armony, Vice President of Avionics Systems Engineering and Software, Advanced Technology Center (MATAM) at Elbit Systems Ltd. "We are particularly excited to be joining the steadily-growing list of QCG customers and are looking forward to reaping the benefits of producing DO-178B certified avionics with it," added Mr. Armony.

QCG is the first embedded graphics development tool in the world to be produced under the very stringent RTCA DO-178B regulations and delivered as a qualifiable development tool. This purchase by Elbit Systems Ltd. will see the delivery of a Level A version of QCG. Level A is the highest level of certification for life-critical aerospace applications.

"We have had a long and fruitful working relationship with Elbit Systems Ltd. over the years and are delighted to receive this new order, especially since it represents yet another vote of confidence from an industry leader in our unique and valuable QCG product," said Mr. Philippe Collard, President and CEO of eNGENUITY Technologies Inc.

About Elbit Systems Ltd.

Elbit Systems Ltd. is engaged in a wide range of defense-related programs throughout the world, in the areas of aerospace, ground and naval systems, command, control and communications (C3) and advanced electro-optic technologies. The Company focuses on the upgrading of existing military platforms and developing new technologies for defense applications. For further information, please visit the Company web site at http://www.elbit.co.il/

About eNGENUITY Technologies Inc.

eNGENUITY Technologies Inc. is a leading supplier of collaborative engineering tools for the smart engineering of high-reliability systems over the Web. eNGENUITY Technologies products are used for the development of mission-critical, safety-critical and business-critical applications in a variety of sectors including aerospace, defense, automotive, transportation, telecommunications and medical instrumentation. Headquartered in Montreal, eNGENUITY Technologies consists of one operating division, Virtual Prototypes based in Montreal, two subsidiary companies: Xtend in Salt Lake City, and LOOX Software in Paris and an affiliate, Esterel Technologies S.A., also based in Paris. In addition, the Company has offices and distributors throughout Canada, the United States, Europe and Asia. eNGENUITY Technologies has over 500 customers in 29 countries around the world. http://www.engenuitytech.com

Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties that could affect the Company's abilities to achieve its objectives and cause actual events to differ materially from expectations. These risks and uncertainties are described in the Company's prospectus filed with the Canadian Securities Commissions on July 12, 1999 and its Annual Report for fiscal year 2000 filed on February 23, 2001.