Matrikon(TM) industry solutions gain momentum; Board declares special dividend of $0.30



    
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    Highlights
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    -  Matrikon Mobile Equipment Monitor (MEM) achieves significant milestone
       - first full production implementation
    -  Matrikon Well Performance Monitor (WPM) being rolled out at Middle
       East petroleum company following pilot deployment
    -  Board of directors declares a special dividend of $0.30 per common
       share
    -  Board also declares regular quarterly dividend of $0.03 per common
       share
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    EDMONTON, June 9 /CNW/ - Matrikon Inc. (TSX:MTK), a leading provider of
solutions for industrial intelligence, today reported significant achievements
for two of its industry applications and the declaration of a special
dividend.
    Mobile Equipment Monitor, launched in April 2008, recently went live in
its first full production implementation. This represents a key milestone for
Matrikon and signals an optimistic future for MEM and Matrikon's ability to
deliver value to the mining industry.
    Well Performance Monitor has also built momentum since its release last
May. A letter of intent was received this week for the rollout of the solution
to 400 wells in the Middle East following a successful six-month pilot. WPM
was also recently rolled out to several North Sea wells for an emerging
operator. The outlook and opportunities for WPM remain solid.
    Commenting on these achievements, Matrikon's president and CEO Nizar J.
Somji stated: "We have been working diligently to deliver on our strategy, and
that is evidenced by recent wins with our industry applications. We believe
these applications will be the fuel of our future growth. I have never been
more confident in our opportunities, and with the momentum we have built over
the past year, I believe we are well positioned to capitalize on these
opportunities and continue to generate healthy cash flow."
    Based on these successes and a growing cash balance, Matrikon's board of
directors has declared a special one-time dividend of $0.30 per common share
to all shareholders of record on June 24, 2008, which is payable on July 8,
2008. The board also declared Matrikon's third quarter dividend of $0.03 per
common share with the same record and payable dates.
    These dividends are eligible dividends for Canadian tax purposes.
    MEM allows companies to monitor the real-time health and performance of
all of their heavy equipment, regardless of manufacturer, resulting in a
considerable reduction in operating and maintenance costs and increase
equipment availability.
    WPM enables the real-time monitoring of the health and performance of oil
and gas field operations. WPM provides enhanced field surveillance, detects
changes in well behaviour, calculates potential production losses and helps
identify opportunities for improvement.

    About Matrikon

    Matrikon (www.matrikon.com) is a leading provider of integrated
industrial intelligence solutions that enable manufacturing plants to achieve
operational excellence by transforming production data into knowledge to
predict and prevent problems and optimize operations. Matrikon's customers
achieve agile operations through the combination of external market and plant
data to make informed, intelligent decisions in real-time. With offices in
major cities throughout North America, Australia, Europe and the Middle East
and a global client base including industry leaders in a wide range of process
industries, Matrikon's reach is global.

    Matrikon is a registered trademark of Matrikon Inc.

    Forward Looking Statements
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    In order to provide our investors with an understanding of our current
results and future prospects, our communications often include written or oral
forward-looking statements. This earnings announcement & MD&A and other
material filed with the Canadian securities regulators contain statements that
are forward-looking. These statements are made pursuant to the "safe harbor"
provisions of applicable Canadian securities legislation. These statements
represent Matrikon's intentions, plans, expectations and beliefs and are based
on our experience and our assessment of historical and future trends and the
application of key assumptions relating to future events and circumstances.
These statements may include, but are not limited to, comments about our
objectives and priorities for 2008 and beyond, strategies and targets,
expectations for our financial condition, and the outlook for our operations
and external factors that may impact results, including global economies and
industry trends.
    Forward-looking statements require assumptions and involve risks and
uncertainties related to our business and the general economic environment,
many beyond our control. There is significant risk that the predictions,
forecasts, conclusions or projections we make will not prove to be accurate
and that our actual results will be materially different from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements. We caution readers of this information circular not to place undue
reliance on our forward-looking statements.
    The future outcomes that relate to forward-looking statements may be
influenced by many factors, including but not limited to: general economic
conditions in the countries in which we operate; currency fluctuations; market
demand for our products and services; our ability to execute projects and
deliver solutions; our ability to execute our strategic plans and to complete
and integrate acquisitions; the degree of competition in the geographic and
business areas in which we operate; our ability to attract and retain
qualified employees and contain payroll costs; our ability to contain
expenses; technological changes and research and development; the length of
the sales cycle required to close larger solution contracts; availability of
financial resources to carry out our strategy; our ability to protect our
intellectual and intangible properties; legal claims; critical accounting
estimates; the possible effects on our business of war or terrorist
activities; disease or illness that affects local, national or international
economies; and disruptions to public infrastructure, such as transportation,
communications, power or water supply. We caution that this list is not
exhaustive of all possible factors.
    Other factors could adversely affect our results. For more information,
please see the discussion on the principal risks that could affect our
results, beginning on page 44 of Matrikon's 2007 Annual Report.
    When relying on forward-looking statements to make decisions with respect
to Matrikon, investors should carefully consider these factors, as well as
other uncertainties and potential events, and the inherent uncertainty of
forward-looking statements. Unless required by law, we do not undertake to
update any forward-looking statement, whether written or oral, that may be
made from time to time by the company or on its behalf.
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For further information:

For further information: Nicole Sayler, Corporate Communications
Director, (780) 945-4010, (877) 628-7456 x 4010, email:
nicole.sayler@matrikon.com

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MATRIKON INC.

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