Customer News Release

Miro Technologies recognized by Frost & Sullivan for defense logistics product line strategy

La Jolla, CA – April 30, 2009

Based on in-depth analysis of best practices in the defence logistics industry, Frost & Sullivan has awarded Miro Technologies its 2009 European Defense Logistics Product Line Strategy Award. This industry accolade is presented annually to the company that has demonstrated the most insight into customer needs and product demands. Miro executives will formally accept the award at an upcoming Frost & Sullivan awards banquet recognizing world-class performances.

A release by Frost & Sullivan noted that Miro's exceptional product line strategy focuses on four key aspects — end-user needs, market expansion, latest technology and effective business practices.

"Continuous tracking of end user needs, a focus on retaining existing customers, timely provision of economical, high quality solutions coupled with comprehensive client training programs have underpinned the company's success," states Frost & Sullivan Research Analyst Srinivas Sishtla.

"Another area where Miro Technologies scores over its competitors is in providing high quality solutions at a reasonable price with a very short time to market," adds Sishtla. "The WRAM Online solution, a derivative of Miro's flagship GOLDesp™ application, was delivered to the U.K. MoD within ten months from the day the contract was awarded and within the budget constraints set by the MoD."

"Product line strategy at Miro Technologies starts with listening and working closely with customers to understand their business issues and future supply chain needs," states Vincent Monteparte, President and CEO of Miro Technologies. "This approach, combined with agile business processes and adoption of latest technologies, has enabled us to consistently deliver quality solutions and grow our business."

"On the technology front, Miro Technologies has been among the pioneers in adopting state-of-the-art technology periodically to design and implement low-cost, high quality MRO information systems products," remarks Sishtla. Its new generation logistics and maintenance management product, GOLDesp, combines the battle-proven features of Miro Technologies' highly successful WRAM application with a new graphical user interface built with the latest Oracle and Java technologies. Further, the maintenance module of GOLDesp is designed to autonomously support deployed units in the field and at sea by means of effective data distribution.

"The company provides quality assurance throughout the software development lifecycle," comments Sishtla. "It also provides full project management for in-depth schedule and budgetary control, tailored for customer management and auditing needs."

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Miro Technologies

Miro Technologies® provides advanced solutions for Aftermarket Logistics, Maintenance and Supply management in the Aerospace & Defense and Commercial MRO markets. GOLD and GOLDesp, our battle-test, fully deployable flagship applications help enable and sustain PBL programs by expanding the PBL umbrella to include sub-tier suppliers in the supply chain through to the warfighter on the battlefield. GOLDesp's new 'ePBL Portal' provides unparalleled visibility and accountability to PBL Program Managers by integrating technology, organizations, processes and people to delivery operational capability to the warfighter at reduced cost to the taxpayer.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.