MRI and Dycor Technologies Ltd. Align for Growth Opportunities



    KANSAS CITY, MO, and EDMONTON, Nov. 15 /CNW/ -- Officials at Midwest
Research Institute (MRI), a Kansas City, Mo., USA, based organization, and
Dycor Technologies Ltd. (Dycor), an Edmonton, AB, Canada, based company,
announced today that MRI has made a strategic investment in Dycor that will
provide opportunities for the two companies to work together on research and
development in the areas of chemical and biological detection and energy.
    Both MRI and Dycor have research and development expertise in the
biological and chemical detection, and energy sectors. MRI has expertise in
the sciences required for research and development in these sectors, while
Dycor provides expertise in engineering design and development and
manufacturing design.
    "Energy and defense are two global priorities that require solutions to
complex problems and offer growth opportunities to organizations with the
right technological expertise," said Michael F. Helmstetter, Ph.D., Senior
Vice President of MRI's Research Operations. "By working together, our
organizations will be able to leverage our respective areas of expertise and
grow our businesses while developing solutions to some of the world's most
pressing concerns."
    MRI's investment of $1.3 million, combined with funds from a private
equity group composed of Dycor's management team, allowed for the buyout of
Dycor's founding shareholder's majority interest in the company, and the
restructuring of Dycor for significant growth. The Dycor management group
holds the majority interest in the company, and the five-member board of
directors will be chaired by MRI's Michael Helmstetter.
    "The alignment of Dycor's experience in serving international markets
with bio detection technologies, coupled with MRI's significant experience in
energy and biological and chemical detection, creates unique synergies and
positioning for long-term strategic growth for both organizations," said Edgar
Semler, President of Dycor. "We look forward to working together to pursue new
business opportunities."
    "The complementary capabilities of MRI and Dycor will allow our two
companies to offer a broader range of products and services to our existing
customers, as well as expand our customer bases," adds Roger Starnes, MRI's
Group Vice President of Strategic and Emerging Programs, who was instrumental
in developing the arrangement between the two organizations.

    About Midwest Research Institute:

    MRI, a not-for-profit research organization with 1,800 employees
nationwide, performs contract research and laboratory consulting services for
clients in government, industry, and academia. Established in 1944, MRI is one
of the nation's leading independent research institutes conducting research in
the areas of national security and defense, life sciences, food and
agriculture, transportation safety, energy, and environment.
    With headquarters in Kansas City, MRI also has facilities in Palm Bay,
Fla., Frederick, Md., and Rockville, Md. MRI has managed the National
Renewable Energy Laboratory (NREL) in Golden, Colo., for the U.S. Department
of Energy since 1977. The Institute's mission is to benefit society by
providing solutions to national problems through scientific research,
technology development, and technical services. MRI also promotes science
education for youth by supporting Science Pioneers, which holds one of the
largest science fairs in the country, and the FIRST Robotics Competition. For
more information, visit www.mriresearch.org

    About Dycor Technologies Ltd.:

    Established in 1981, Dycor is Canada's most experienced biological
detection company and is a leader in biological detection technology,
equipment, and services, as well as data acquisition technology in the energy
sector.
    On the data acquisition front, Dycor specializes in providing wireless
data communication solutions for remote, hostile, limited infrastructure
environments. Dycor provides users with the tools to transmit data quickly,
reliably, and at minimal cost. Whether extending customer networks between
office buildings or collecting data from several gas well sites for
transmission to the control center, Dycor's technical staff provides
end-to-end support and implements a total solution to address customer needs
quickly and cost effectively.
    On the biological detection front, Dycor has furnished biological
detection, collection, chamber technology and test & evaluation capability in
more than 15 countries. The company is involved in defense applications,
fielded on naval and reconnaissance vehicle platforms and referee systems, and
has expanded into public health and animal pandemic monitoring and analysis.
Dycor conducts background data collection studies on a continuous basis, in a
widening range of geographic and climactic conditions, validating and
maximizing alarm parameters for detection equipment, and providing key
background data for local operations. Dycor has headquarters in Edmonton,
Canada, with offices in Cyprus and the Netherlands. For more information,
visit www.dycor.com.






For further information:

For further information: Linda Cook of Midwest Research Institute, (816)
360-1943; or Markus Lemke of Dycor, (780) 930-2387, Web Site:
http://www.dycor.com, http://www.mriresearch.org

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MIDWEST RESEARCH INSTITUTE

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