PRESS RELEASE - for immediate release

WETPC LICENCES KORD^®IT TO OHAITECH FOR WORLD MARKETS

WETPC PTY LTD (WETPC) TODAY ANNOUNCED that it HAD LICENCED ITS KORD INTERFACE TECHNOLOGY TO OHAI TECHNOLOGIES CORPORATION (OHAITECH).

The Australian Capital Territory Government, through BusinessACT, today will host a formal signing ceremony between Canberra-based IT start up WetPC, and Houston-based OHAITECH + at the Canberra Business Promotion Centre.

WetPC's Kord® Interface Technology (Kord® IT), is a suite of hardware and software that creates "an ambidextrous, chordic Human Machine Interface suitable for any computing device". It was originally developed at the Australian Institute of Marine Science (AIMS) for underwater computing.

WetPC Managing Director, Dr Peter Moran, said "We are extremely pleased that OHAITECH has licensed Kord IT which will see to it being used as a standard interface for a whole range of different hand-held technologies such as mobile phones, pocket and tablet PCs; a market currently valued at over US$16 billion."

Dr Moran went on to add "We are extremely grateful to the ACT Government and Clayton Utz for supporting the development of the licence agreement". The ACT Government provided funding through its Knowledge Fund Program.

President of OHAITECH, Daniel Mailman, said: "The licence will enable my company to commercialize Kord IT, in conjunction with OHAITECH's patented OHAI and CHIME input systems, for use in a wide range of Asian language and mobile/handheld/wireless products worldwide".

OHAITECH's input systems grew out of Asian linguistics research at Rice University in Houston, Texas. OHAITECH is negotiating strategic alliances with Chinese and multinational companies.

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WetPC is a small IT company, based in Canberra, Australia, that is commercialising a totally new way of controlling mobile computing devices – called Kord^® Interface Technology (Kord^® IT). The Technology was originally developed at the Australian Institute of Marine Science (AIMS) in 1993 to enable research divers to control the WetPC^ underwater computer.

WetPC been operating for approximately 4 years and is privately owned and operated. It has an exclusive worldwide licence from AIMS to exploit Kord^® IT, which has been protected by patents lodged in some 20 countries. Kord^® IT is designed to be used in either existing or new mobile technologies. As a provider of enabling technologies WetPC can give its industry partners and their products a strong competitive edge in the global marketplace

WetPC has undertaken projects for a number of clients both within Australia and overseas. It intends to become a world leader in the provision of innovative products, ideas and intellectual property for mobile computers and electronic devices.

OHAITECH principal Daniel Mailman is a linguist, a computer scientist, and the inventor of two input technologies: the CHIME technology for Asian languages, and the OHAI technology for mobile, handheld, and wireless devices.

In 1998, Daniel filed patent applications, then designed and developed commercial prototypes. In 2001, Daniel received the U.S. patent, filed international patent applications, formed OHAITECH, and began business development.

For Asian languages, OHAI was able to adapt CHIME to handheld devices with no loss of typing speed, and then, for European languages, OHAI finalized the OHAI Technology, which enables non-Asian input at speeds rivalling standard keyboards.

During the same period, OHAITECH completed market research, usability studies (with the Rice University Computer-Human Interaction Laboratory), and intellectual property development utilizing seed funding. OHAITECH is currently in negotiations to license the CHIME and OHAI technologies to leading international manufactures and developers of mobile, wireless, and handheld devices and Asian language PCs.

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WetPC and Kord are registered trademarks of the Australian Institute of Marine Science.

Kord IT is manufactured under licence from the Australian Institute of Marine Science.