Positron Systems Hires CEO, Makes Board Changes.

BOISE, Idaho -- Positron Systems, Inc., has hired a CEO, appointed a Chairman of the Board, added a board member and moved headquarters back to Boise.

T. Erik Oaas, currently a partner at Oaas-Laney, LLC, has been appointed Chairman of the Board and is actively setting up a management structure to develop the company's technology for a broad market over the next five years. Steve Bolen, the former Chairman remains on the Board and is taking the management role of Senior Vice President - Corporate Development. Steve is an original co-founder of the company. Admiral Archie Clemins, owner and President of Caribou Technologies, Inc and member of Idaho Governor Kempthorne's Science and Technology Advisory Council has joined the Board. Mr. Clemins provides significant insight into potential uses of the product in government and commercial markets.

The new Board has hired Martin Hedley, formerly of Sharp Resources, Citibank and American Airlines to the position of Chief Executive Officer. Martin brings a wealth of knowledge of the aviation, finance and utility industries that will be critical in steering this early stage company to capitalize on its global growth potential.

Keith McClellan, who has served ably as President for the past year, will leave the company and return to the East Coast for family reasons. "Keith has provided a sense of reason and strength in dealing with the relationships the company has and we truly appreciate his efforts. We look forward to Keith remaining in our service as a consultant working on East Coast based projects," said Steve Bolen.

In a related move, the company will move corporate headquarters to Boise to gain better access to the financial market. The current testing center in Pocatello will remain in place to become the focus of the product development and servicing organization. Positron acknowledges the outstanding relationships and assistance that are provided by the Idaho Accelerator Center and the Idaho State University, Department of Physics. These relationships will be strengthened as the company grows.

About Positron Systems' Induced Positron Annihilation (IPA) Technologies

The patented IPA process involves examining materials with positrons generated by positron emitting sources or a small linear accelerator to create a distinct and readable signature of the defects or damage present in the material being tested.

IPA can detect a wide variety of damage types in materials such as metals, polymers, ceramics and composites. Because IPA examines materials at the atomic level, it can detect damage at its earliest stage, from initial manufacture through failure. The technology can detect damage in second layer materials, in some cases removing the need to disassemble components. The company is evaluating the use of IPA in determining the remaining useful life of a component.

About Positron Systems Inc.

Founded in 2001, Positron Systems' Headquarters is located in Boise, Idaho and has its primary testing and research center in Pocatello, Idaho. For more information, call 208-938-6282.