Mindready Launches Telematics and Multimedia Test Platform: Mindready Carries Out its Diversification Strategy to Further Penetrate the Automotive Market.

Business Editors & Technology Writers

SAE World Congress 2002

Booth #5000

DETROIT--(BUSINESS WIRE)--March 4, 2002

Mindready Solutions Inc. (TSE:MNY), a leading supplier of test engineering, manufacturing automation and real-time communications solutions for the telecommunications, automotive and aerospace industries, today announced the launch of its Telematics and Multimedia Test Platform for the automotive electronics and telematics market.

Mindready high-performance Telematics and Multimedia Test Platform is a scalable and flexible test platform that allows automotive electronic designers and manufacturers to design, validate and test a variety of telematics and multimedia products including digital car radios, infotainment centers, with such features as audio entertainment, voice communications, Bluetooth, satellite and terrestrial radio interfaces, global positioning (GPS for navigational and emergency aid), DVD, driver information, and other driver/passenger features derived from intelligent modules.

Mindready Telematics and Multimedia Test Platform offers unparalleled flexibility to designers and manufacturers, providing them with scalable test tools, and test throughput that can be optimized for hardware and software verification, product assurance and validation, and production test. Key benefits such as parallel and asynchronous test with high repeatability and stability enable increased manufacturing speed, while ensuring the utmost quality is reached in a stringent manufacturing process.

Thanks to its open architecture and its scalable multi-technology features, Mindready Telematics and Multimedia Test Platform integrates third-party commercial-off-the-shelf software and hardware, such as National Instruments PXI platforms as well as LabVIEW(TM) and TestStand(TM) software, combined to Mindready's enhanced code libraries, drivers and user interfaces. Mindready Telematics and Multimedia Test Platform also integrates Mindready's deeply-rooted test engineering capabilities in developing cutting-edge seamless solutions, allowing its customers to reach a high degree of quality while reducing their overall costs.

This scaled down test platform takes advantage of software portability and standard test and measurement instruments, and reconciles many of the requirements between the automotive electronics designers and manufacturers, allowing them to correlate their measurement results, thus significantly improving quality and productivity.

As part of its diversification strategy, Mindready has been strongly involved in developing advanced automotive electronics and telematics solutions for the automotive industry and is committed to continue delivering turnkey solutions, based on cutting-edge technology and unique engineering capabilities. Automotive electronics OEMs and EMS providers will indeed be increasingly integrating telematics and multimedia features into their electronics products for deployment into next-generation vehicles.

Mindready will be showcasing its automotive electronics capabilities at the SAE 2002 Digital Car Conference and Exhibition, in Detroit, Michigan, Booth 5000, with on-site demos of Mindready Telematics and Multimedia Test Platform, Mindready Automotive Reference Platform (MARP) and MARP Starter kit.

"We are very happy to introduce our new telematics and multimedia test platform to all major telematics and multimedia players attending the Society of Automotive Engineers event," said Phil Williams, Senior Vice President, Business Development, Advanced ATE Solutions, at Mindready. "With Mindready Telematics and Multimedia Test Platform, we provide our automotive customers with an integrated solution to assist them in the design and test of their telematics and multimedia devices. Our test platform will allow car equipment designers and manufacturers to benefit from our engineering capabilities and our know-how in test tools development and integration of third-party software and hardware solutions. Mindready provides them with a one-stop test solution that will help them design and validate their electronics products to be deployed in next-generation vehicles."

About Mindready Solutions Inc.

Mindready Solutions Inc. (TSE:MNY) is a leading supplier of test engineering, manufacturing automation and real-time communications solutions for the telecommunications, automotive and aerospace industries. Mindready offers a comprehensive range of industrial test solutions from x-ray, in-circuit, functional and environmental testing to design, development and integration of complete test stations. Recognized as a leader in IEEE-1394-based products and professional services, Mindready offers complete innovative solutions based on this technology. Mindready's clients include Nortel Networks, Sanmina-SCI, C-MAC, Visteon, Alcatel, Hewlett-Packard, WindRiver, Boeing, Fujitsu. More information about Mindready and its products and services can be found at www.mindready.com.

Forward-looking statements

Certain statements contained in this press release regarding Mindready's future operating results or performance or business prospects and any other statements not constituting historical facts are "forward-looking statements". These forward-looking statements reflect only Mindready's current beliefs and specific assumptions with respect to future business decisions and results are based on information currently available to Mindready. Accordingly, these statements are subject to risks, uncertainties and contingencies, which could cause Mindready's future operating results, performance or business prospects to differ from those expressed in, or implied by, these statements.