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OMNIBASE LOGIC WINS WORLD ECONOMIC FORUM

2007 TECHNOLOGY PIONEER AWARD

Austin, Texas – December, 2006 – The World Economic Forum today announced that Omnibase Logic, Inc. has been selected as a Technology Pioneer for 2007. The Technology Pioneers were nominated by the world’s leading venture capital and technology companies. The final 47 of 225 nominees were selected by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2007 are invited to attend the Annual Meeting of the World Economic Forum to be held in Davos, Switzerland from January 24-28 January 2007.

Omnibase Logic is a technology licensing company with patents that enable chip designers to use “multiple valued logic” in digital circuits. This technology liberates the designer from the limits of binary code. Digital circuits using this technology can achieve better performance with lower energy consumption, greater data density and throughput, and more economy in production. Testing of the circuits at a university in France revealed that the Omnibase chip operates with 40 percent less energy than a comparable binary chip.

In addition to the new logic structure, Omnibase offers a secure encryption processor for smart cards. It is immune to all known hacking techniques. “In a world where identity theft and terrorist threats confront us,” said Luther Hendrix, Omnibase President and Chief Technology Officer, “we take comfort in providing a way to defend against these attacks on our privacy and security.”

“The semiconductor industry has always been challenged to deliver faster, smaller, and more powerful devices at lower costs,” said William Walker, Omnibase Chairman. “Use of the Omnibase technology will allow the industry to perpetuate that goal. Our company and associated advisers and researchers in California, Texas, Boston, Germany, and France are pleased and proud to have been selected as a 2007 Technology Pioneer.”

Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. This year’s class of companies has been selected not only because of the cutting-edge work undertaken by these organizations, but also because their work has potential long-term impact on business and society.

The companies’ products include microscopic pill cameras, bio sensors that localize landmines, implantable medical devices for the treatment of brain tumors, mobile television service, blog search engines, open source webrowsers, video headsets, thin-film diamond coatings, solar air-conditioner equipment, paper batteries for music-playing greeting cards, and even an automatic and compacting trash bin powered by solar energy.

Over half (27) of the Technology Pioneers 2007 are US-based companies, with 13 located in California. The United Kingdom boasts six Technology Pioneers 2007; the Netherlands, India, Israel and Singapore boast two each; Canada, Denmark, Finland, Ireland, Sweden and Switzerland have one each.

“The competition to become a Technology Pioneer has been more intense than ever. It is evident that technology and innovation is playing a key role in the shifting power equation at a global level. Driving this shift is the tremendous amount of innovation taking place outside of traditionally hubs. The wide geographic spread of this year’s Technology Pioneers is a testament to this trend. We are pleased to welcome these exciting companies to our Community of Technology Pioneers, and look forward to engaging these industry leaders of the future into the community of the World Economic Forum,” said Peter Torreele, Managing Director of the World Economic Forum.

To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader – and its technology must be proven. Previous Technology Pioneers have included Autonomy, Cambridge Silicon Radio, Encore Software, Google, Millennium Pharmaceuticals and Napster.

Go to www.weforum.org/techpioneers/2007 for the entire list of Technology Pioneers and interviews with the CEOs of the selected companies.

The selection criteria include:

1. Innovation. The company’s technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent – not more than two years old. The company should invest significantly in R&D.

2. Potential Impact. This company’s technology must have the potential to have a substantial long-term impact on business and society in the future.

3. Growth and Sustainability. The company should have all the signs of being a long-term market leader and should have well-formulated plans for future development and growth.

4. Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in “stealth” mode and companies with untested ideas or models will not qualify./p>

5. Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals.

6. Status. The company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company – thus wholly-owned subsidiaries of large firms are not eligible.

About the World Economic Forum

The World Economic Forum (http://www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.