Ignios Appoints Rick Clucas as Chief Executive Officer

Appointment of industry leader further strengthens management team

Oxford, UK, 28th June 2004. Ignios Ltd., a new entrant in the embedded system-on-chip (SoC) market, announced today the appointment of Rick Clucas as Chief Executive Officer. Clucas brings to the role almost 20 years of experience in the markets for embedded software and chips, including a strong track record in managing and growing technology companies. "We are delighted to have Rick Clucas on board," commented Miki Granski from Ignios coinvestor Alice Lab. "Rick has a blend of commercial experience that is highly prized. He is one of those rare individuals that has actually founded a start-up and taken it through to the significant revenue levels that underpinned a very successful IPO."

"Rick has an evangelical passion for truly innovative technology. What's more, he has a strong perspective on corporate finance and what drives a company's valuation," said Peter Beynon from Ignios co-investor BTG.

"I am really excited about the potential for Ignios," Clucas declared. "When I first heard Ignios' proposition it resonated so strongly with my own views and experience that I had to find out more. Ignios is developing a truly innovative, commercially-sound solution to one of the key challenges emerging in the embedded market. As multiple cores such as microprocessors, DSPs and other co-processors are added onto a single chip, developing applications that can exploit the full capabilities of these potentially powerful devices becomes a significant challenge for software developers. With Ignios' SystemWeaver we can unlock that potential and deliver real value to the bottom-line profits of chip companies and their end customers." Clucas was previously the first employee of Argonaut Software Ltd., ultimately serving on the board of directors and driving the spin-off of the configurable processor company ARC International Ltd. At ARC, Clucas managed overall technical direction, sales and marketing functions, and was closely involved with the company's financing. More recently Clucas was a director at investment bank Beeson Gregory Ltd.

About Ignios Ltd.

Ignios was established in 2003 to develop and market products that enable the real-time onchip system management of complex multi-core SoC devices. Ignios' patent-applied-for SystemWeaver technology will enable the full performance and price-potential of complex multi-core chips to be realised efficiently through software application development. SystemWeaver comprises software and hardware components that can be integrated with little or no modification to the existing chip architecture or cores. It provides a unified programming model to the multi-core device, which enables programmers to continue to develop applications at a high level of abstraction. Further information on Ignios can be found at www.ignios.com.

About Alice Lab

Alice Lab is a seed and very early stage venture capital firm investing in high-potential companies in the areas of communications, semiconductors, software and internet infrastructures and medical devices. With offices in Milan and Tel-Aviv, Alice Lab comprises a multinational team of highly professional and motivated partners and investment managers, backed by an extensive network of relationships. Alice Lab helps in selecting, monitoring and supporting its portfolio companies in dynamic high growth domains throughout Europe and Israel. More information about Alice Lab is available at www.alicelab.it.

About BTG

BTG finds, develops and commercialises emerging technologies in the life and physical sciences. These innovations are protected by a strong portfolio of intellectual property that BTG develops and enhances. BTG then captures the value in these technologies through licensing and venturing activities. From the origins of its business in 1949, BTG has commercialised major innovations such as Magnetic Resonance Imaging (MRI), recombinant factor IX blood-clotting protein, Campath® (alemtuzumab) and Multilevel Cell (MLC) memory. BTG is quoted on the London Stock Exchange under the symbol "BGC" and operates from offices in London and Philadelphia, with representation in Tokyo. BTG operates through wholly owned subsidiaries, BTG International Ltd and BTG International Inc in the UK and USA, respectively. Further information on BTG can be found at www.btgplc.com.