New Spinoff for INO: - Creation of Pavemetrics Systems Inc.

QUEBEC CITY, Nov. 11 /CNW Telbec/ - INO (Institut national d'optique) has announced the signing of a technology transfer agreement with Pavemetrics, a new INO spinoff company. Pavemetrics will benefit from an exclusive worldwide license on INO's road inspection technology, which includes its LRMS (Laser Rut Measurement System), LRIS (Laser Road Imaging System), and LCMS (Laser Crack Measurement System) technologies. INO will also hold a minority share in Pavemetrics Systems Inc. Since 2001, more than 100 of these systems have been sold and are in operation worldwide.

The INO/Pavemetrics license agreement will benefit current and future customers because Pavemetrics will have experienced resources dedicated to technical and commercial support. INO will continue to play a role in the development and manufacture of the LRMS, LRIS, and LCMS systems to ensure the sustainability of Pavemetrics and its product line. For its part, Pavemetrics will now handle all product technical support, sales, orders, and commercial activities.

"I am very pleased with the launch of Pavemetrics Systems Inc. as a company specialized in the commercialization of advanced vision technology for system integrators. This association with Pavemetrics is very promising and is a good example of the entrepreneurial culture we continue to promote within our organization," stated INO president and CEO Jean-Yves Roy.

"Pavemetrics has emerged from Canada's largest center of expertise in industrial optics/photonics and now our role is to take this technology to the next level," said Pavemetrics president and CEO Richard Habel.

About Pavemetrics Systems Inc.

Pavemetrics aims to be the world leader in vision systems for the automated inspection of transportation infrastructures. Pavemetrics enables automatic detection and evaluation of road features to optimize management of road maintenance budgets and improve safety through better road surface maintenance. Its unique technology, designed for both day and nighttime operation, can acquire 2D images and high resolution 3D profiles of road surfaces at speeds over 100 km/h.

www.pavemetrics.com

About INO

INO is a technological design and development firm in optics and photonics solutions for SMEs and large corporations. It is home to the largest concentration of skills in the field and serves clients of all sizes from all parts of Canada and the world. It has so far completed over 4,000 custom R&D contracts for Canadian SMEs working in a variety of fields. It has performed 40 technology transfers that have resulted in the creation of 25 new high tech startups in the industry.

INO offers a complete range of integrated services in the fields of optics and photonics to clients in every field of industry activity. INO also possesses a variety of technologies and innovative processes based on a strong Intellectual Property (IP) portfolio.

www.ino.ca

SOURCE INO (National Optics Institute)

For further information: For further information: Jean-Yves Roy, President and CEO, INO, (418) 657-7006; Richard Habel, President, Pavemetrics Systems Inc., (418) 948-1372; Source: Marie-Josée Laflamme, Communication Manager, INO, (418) 657-7006


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