STMicroelectronics Cuts Capacitance and Footprint for USB 2.0 ESD Protection6-pin QFN device provides complete IEC61000-4-2 level 4 solution for data lines and Vbus

GENEVA, May 5 /PRNewswire-FirstCall/ -- STMicroelectronics , a world leader in protection devices, has met the complete ESD (Electro-Static Discharge) protection requirements for High-Speed USB, including Vbus, in an ultra-miniature QFN-6 device measuring 1.0 x 1.45 x 0.65mm. With 0.85pF maximum capacitance at 240MHz, the USBULC6-2M6 minimizes distortion and helps designers meet the 10pF maximum specified line loading for operation up to 480 Mbps.

The compact footprint and low package height make the USBULC6-2M6 ideal for mobile phones, handheld computers, personal media players and other portable high-speed communicators requiring IEC61000-4-2 protection. The device meets level 4 specifications to 15kV air-gap discharge and 8kV contact discharge, and has a breakdown voltage of 6.1V. In addition, the low maximum leakage current of 0.5 microamps reduces power consumption and preserves battery life.

The USBULC6-2M6 is internally optimized for maximum signal transparency, and features a go-through pin arrangement to simplify board layout and preserve impedance matching of the complete data line.

By providing two complementary protection-diode networks, with capacitance matching within 0.1pF, the USBULC6-2M6 is suitable for a wide range of high-speed differential and single-ended signaling applications. Zero insertion loss is specified up to 3GHz, allowing use in applications such as Gigabit Ethernet as well as future high-speed protocols. Further benefits include very low clamping voltage compared to metal oxide varistors, which is are alternative devices for the application, to provide enhanced protection for sub-100nm CMOS ICs.

The USBULC6-2M6 is available now at $0.20 for orders over 1000 units. About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.

STMicroelectronics

CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com

Web site: http://www.st.com/

Magic Software to Introduce its Business Integration Suite iBOLT for Salesforce.com at Dreamforce Europe on May 7thiBOLT for Salesforce.com available also on salesforce.com's AppExchangeMeet us at Dreamforce Europe 2008, May 7-8, in London's Barbican Center, booth #G19

OR YEHUDA, Israel, May 5 /PRNewswire-FirstCall/ -- Magic Software Enterprises Ltd. , a leader in enterprise application development, deployment and integration solutions, announced today the availability of iBOLT(TM) for Salesforce.com (http://www.magicsoftware.com/78-en/products.aspx). The iBOLT business integration suite is now available for Salesforce users, enabling instant and real-time data sharing between Salesforce and the customer's other business applications. The integrated business environment allows companies to increase operational efficiency, make more informed business decisions and improve customer service.

Using a code-free, wizard-based interface, Magic Software's new iBOLT for Salesforce.com (http://www.magicsoftware.com/348-en/products.aspx) allows businesses to more fully leverage inter-application data. Companies can merge customer data across all on-premise applications, including accounting, ERP, supply chain management, human resource management system, logistics and more. More information regarding iBOLT for Salesforce.com is now available at http://www.salesforce.com/appexchange/.

According to Arita Mattsoff, vice president marketing of Magic Software, "We are looking forward to exhibiting our award-winning iBOLT for Salesforce.com at Dreamforce Europe, salesforce.com's user and developer conference. We are confident that users of on-demand CRM solutions, such as Salesforce, will find our iBOLT business integration suite beneficial for their cross-organizational data synchronization, in the same way that our worldwide customers and SAP Business One partners have benefited from iBOLT when integrating on-premises ERP applications with other on-premises or on-demand business applications. We invite Dreamforce Europe visitors to take the opportunity and meet our experts to get a first hand review of our integration offering."

Eyal Shahar, president of the California based Online Trading Academy, and an established iBOLT customer said, "Without iBOLT for Salesforce.com we would have had to invest a lot of time and resources in the implementation and migration of our users to new and unfamiliar systems. Using iBOLT we were able to quickly and easily integrate the data and business processes between our on-premises operations and finance systems and our on-demand Salesforce applications. We are extremely happy with the results. Productivity is up and our staff can today work quicker and make better decisions based upon a fuller view of our corporate data."

Notes to Editors:

iBOLT for Salesforce.com is used to automate business processes that include:

-- Operations: Conversion of lead data into sales orders, item list synchronization and customer list synchronization -- Sales: Forecast email alerts, single view of customer purchase history and link of e-commerce sales data into sales ledger / forecasts -- Finance: Increase visibility of past due accounts and sales pipeline for risk analysis -- Marketing: Data cleansing and connectivity to leading business industry databases captured lead data funneled directly into salesforce.com, ROI calculation per campaign, and real-time monitoring of telemarketing activity -- Human Resources: Synchronization of employee information, manage new users based on credentials and manage an employee employment details into Salesforce.com -- Management: Dashboard based on sales and marketing activities

Magic Software is demonstrating iBOLT for Salesforce.com at Dreamforce Europe 2008 (http://www.salesforce.com/dreamforceeurope), the salesforce.com user and developer conference from May 7-8 in London's Barbican Centre, booth #G19. iBOLT for Salesforce.com is available immediately via a monthly subscription from Magic Software and its authorized salesforce.com partners.

Force.com Platform and the AppExchange

Force.com (http://www.force.com/) reinvents the traditional development, deployment and distribution of any business application with platform-as-a-service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.

The AppExchange economy continues to expand, with thousands of customers installing applications via the AppExchange. Customers of all sizes can quickly and easily extend Salesforce with additional on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange/.

About Magic Software

Magic Software Enterprises Ltd. is a leading provider of business integration, application development and deployment tools. Magic Software has a presence in over 50 countries as well as a global network of ISV's, system integrators, value-added distributors and resellers, and OEM partners. The company's award-winning code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities. Magic Software's technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP, salesforce.com, IBM and Oracle. For more information about Magic Software Enterprises and its products and services, visit http://www.magicsoftware.com/.

Magic Software is a subsidiary of Formula Systems in the Emblaze Group of companies.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

Press contacts: In North America: In Europe: Cathy Caldeira Arita Mattsoff Metis Communications Vice President Global Marketing Tel: +1-617-236-0500 Magic Software Enterprises magicsoftware@metiscomm.com Tel: +972 (0)3 538 9292 arita@magicsoftware.com

Magic Software Enterprises Ltd.

CONTACT: In North America: Cathy Caldeira, Metis Communications,
+1-617-236-0500, magicsoftware@metiscomm.com, for Magic Software Enterprises
Ltd.; In Europe: Arita Mattsoff, Vice President Global Marketing, Magic
Software Enterprises, +972 0 3 538 9292, arita@magicsoftware.com

Web site: http://www.magicsoftware.com/
http://www.salesforce.com/appexchange

ViewCast Corporation to Report 2008 First Quarter Financial ResultsConference Call Also Scheduled

PLANO, Texas, May 5 /PRNewswire-FirstCall/ -- ViewCast Corporation (BULLETIN BOARD: VCST) , a leading developer of hardware and software for encoding live and on-demand audio and video content for streaming over Internet, corporate and mobile networks, will release before the market opens on Thursday, May 15, 2008, financial results for the first quarter ended March 31, 2008.

A conference call with management is scheduled for 11 a.m. EDT on May 15 to discuss the Company's financial results, business strategy and outlook for 2008. The call may be accessed by dialing 800-762-8779 five minutes prior to the scheduled start time and referencing ViewCast. For callers outside the United States, dial 480-248-5081.

A live web cast of the call will also be available at http://www.viewcast.com/irconferencecall. An archive of the webcast will be available at the same web page beginning approximately 30 minutes after the end of the call.

About ViewCast Corporation

ViewCast, a pioneer in the Internet streaming industry, develops and markets hardware and software for processing and managing live and on-demand audiovisual content for streaming over Internet, corporate and mobile networks. ViewCast's award-winning products are utilized worldwide by broadcasters, businesses, governments, content-delivery networks and others. ViewCast is a leader in video capture cards through its Osprey(R) product line. ViewCast's encoding and streaming platforms, Niagara(R) Pro and GoStream, incorporate Osprey reliability and performance with its Niagara SCX(R) control and management software and Niagara SCX SDK development software. ViewCast is partnered with strategic providers of networks, equipment, software, and services for Internet and mobile applications. For more information go to http://www.viewcast.com/.

ViewCast, Osprey, Niagara, Niagara SCX, GoStream, SimulStream and EZStream are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries.

ViewCast Contact: Investor Contact: Laurie Latham Dan Matsui Chief Financial Officer Allen & Caron Tel: +1 (972) 488-7200 Tel: +1 (949) 474-4300 E-mail: llatham@viewcast.com E-mail: d.matsui@allencaron.com

ViewCast Corporation

CONTACT: Laurie Latham, Chief Financial Officer of ViewCast Corporation,
+1-972-488-7200, llatham@viewcast.com; or investors, Dan Matsui of Allen &
Caron, +1-949-474-4300, d.matsui@allencaron.com, for ViewCast Corporation

Web site: http://www.viewcast.com/

Comarco's Symphony Line of Products Awarded 'Product of the Year in Telecommunications' by AeA, the Largest High-Tech Trade Association in the U.S.AeA Orange County/Inland Empire Council reveals the 15th Annual High-Tech Innovation Award Winners

LAKE FOREST, Calif., May 5 /PRNewswire-FirstCall/ -- Comarco, Inc. , an industry-leading supplier of wireless test systems for field applications and network performance optimization, today announced that its Symphony line of products was awarded Product of the Year in the Telecommunications category at the 15th Annual AeA High-Tech Innovation Awards. The High-Tech Innovation Awards were presented by the Orange County and Inland Empire Council of AeA on the evening of April 29 honoring Southern California's top innovators in technology and education.

"Winning this prestigious award among our peers in the Southern California business and technology community represents a significant step in the validation of our cutting-edge platforms," said Mark Chapman, vice president and general manager for Comarco Wireless Test Solutions. "It is an honor for an organization, such as AeA to recognize the value of Comarco's Wireless Quality of Service product line."

"AeA was very pleased with the high-quality of nominations and the level of innovation was truly impressive," said Don Hicks, executive director, AeA Orange County/Inland Empire. "AeA congratulates Comarco and its employees for having its Symphony product line being selected Product of the Year in Telecommunications."

The 15th Annual AeA High-Tech Innovation Awards were presented at the Hyatt Regency Hotel in Irvine. The awards recognized local companies, individuals and products in the technology field that drive innovation in Orange County and the Inland Empire. In addition, AeA recognized educators and students for their innovative use of math, science and technology in the classroom and the community in conjunction with Project Tomorrow, the nation's leading education nonprofit group focused on preparing today's students to be tomorrow's innovators. For a recap of the evening's festivities, visit the AeA Web site at http://www.aeanet.org/orangecounty.

About the Symphony Quality of Service (QoS) Products

Comarco's Symphony family of Quality of Service (QoS) benchmarking and network optimization products offer carriers a proven and flexible mobile test platform that is adaptable to virtually any test application.

The Symphony-Multi is the latest generation of Comarco's leading Quality of Service (QoS) wireless benchmarking system. These systems allow cellular network operators and carriers to evaluate the performance of their wireless networks from the subscriber's perspective while simultaneously gathering additional engineering performance and engineering data on their own networks. Designed for ultimate flexibility and scalability, the Symphony-Multi can support any combination of test phones, data cards, and scanning receivers, up to a total of 24 devices. The Symphony-Multi was developed in collaboration with Ascom AG, based in Switzerland. Comarco announced its alliance with Ascom in November 2006 and under the agreement, the companies have worked together to develop, promote and sell next-generation 3G and 4G wireless QoS network benchmarking, optimization and test systems.

The Symphony Opti system permits engineers to locate, diagnose and resolve even the most complex network performance issues. This product supports automated voice, data and video testing for advanced service deployment testing, is built on an expandable and scaleable low-cost modular architecture, and is a flexible, precise and powerful resource for advanced network problem diagnosis.

About AeA

AeA is the largest high-tech trade association in the U.S. and represents all segments of the technology industry. Its mission is to help its member companies grow and improve their business. Internationally, AeA represents 2,500 companies with 1.8 million employees. In Orange County & the Inland Empire, AeA represents 140 member companies with worldwide revenue of more than $8 billion and more than 160,000 employees in the United States and globally. Information on the Orange County & Inland Empire Council can be found at http://www.aeanet.org/orangecounty.

About Comarco

Based in Lake Forest, Calif., Comarco is a leading provider of wireless test solutions for field test applications, ChargeSource(R) universal mobile power products and wireless emergency call box systems. Comarco's Wireless Test Solutions (WTS) division is an industry-leading supplier of wireless test systems for field test applications. Comarco systems allow cellular network operators to improve the quality of their service through voice, video and data benchmarking and system optimization using integrated Quality of Service algorithms and a unique multi-technology interfaces and RF scanners. Comarco's open architecture supports both current cellular operating system technologies, new 3G systems being implemented worldwide and is extensible to 4G technologies as they become available. More information about Comarco's product lines can be found at http://www.comarco.com/.

Comarco Wireless Test Solutions

CONTACT: Mark Chapman, Senior Vice President and General Manager of
Comarco Wireless Test Solutions, +1-949-599-7458, mchapman@comarco.com; or
Media, Lisa Porter of Porter Creative Group, +1-949-752-5891,
lporter@portercreative.com, for Comarco Wireless Test Solutions; or Investors,
Doug Sherk, dsherk@evcgroup.com, or Jenifer Kirtland, jkirtland@evcgroup.com,
+1-415-896-6820, or Financial Media, Steve DiMattia, +1-646-201-5445,
sdimattia@evcgroup.com, all of EVC Group, for Comarco Wireless Test Solutions

Web site: http://www.comarco.com/
http://www.aeanet.org/orangecounty

Autodesk Announces Planned Resignation of CFO Al Castino

SAN RAFAEL, Calif., May 5 /PRNewswire-FirstCall/ -- Autodesk, Inc. today announced that Alfred Castino has informed the company of his intention to resign as senior vice president and chief financial officer. Castino has made a personal decision to leave Autodesk in order to spend more time with his family. The effective date of his departure has not yet been determined, and he has indicated that he will remain as CFO while the company conducts a search for his replacement.

"Al has been a key member of Autodesk's executive management team for six years," said Carl Bass, Autodesk president and CEO. He has made significant contributions to the company's overall success through his leadership of finance."

"I want to thank the Autodesk employees, Board of Directors, and executive team for making the past six years a wonderful experience for me," said Castino. "I am proud of all we have accomplished together. With the company on track, it is a good time to take a break and spend more time with my family."

A search for Castino's successor has been initiated. About Autodesk

Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.

Note: Autodesk is a registered trademark of Autodesk, Inc., in the US and/or other countries.

Investors: David Gennarelli, david.gennarelli@autodesk.com, 415-507-6033 Katie Blanchard, katherine.blanchard@autodesk.com, 415-507-6034 Press: Pam Pollace, pam.pollace@autodesk.com, 415-547-2441 Colleen Rupert, colleen.rupert@autodesk.com, 415-547-2368

Autodesk, Inc.

CONTACT: investors, David Gennarelli, +1-415-507-6033,
david.gennarelli@autodesk.com, or Katie Blanchard, +1-415-507-6034,
katherine.blanchard@autodesk.com, or press, Pam Pollace, +1-415-547-2441,
pam.pollace@autodesk.com, or Colleen Rupert, +1-415-547-2368,
colleen.rupert@autodesk.com, all of Autodesk, Inc.

Web site: http://www.autodesk.com/

Libya Telecom Technology Selects Alcatel-Lucent to Build Libya's First WiMAX Rev-e Network

PARIS, May 5 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that it has been awarded a contract by LTT (Libya Telecom and Technology), the national Internet Service Provider in Libya, to deploy the first commercial WIMAX network based on the 802.16e-2005 WiMAX standard, in Libya. LTT plans to launch the commercial service on the network in September 2008.

The new network will support voice over IP (VoIP) and high-speed internet access, enabling the delivery of advanced broadband multimedia services, such as video streaming, through a variety of end-user including modems and WiMAX terminals. It will also accommodate stationary, nomadic and mobile applications and complement the carrier's existing fixed-based broadband services.

Under the agreement, Alcatel-Lucent will provide a complete WiMAX infrastructure solution, including the radio access network, microwave backhaul and IP routers and will deploy around 120 sites in a first phase. LTT has an aggressive schedule for additional deployments.

"We want to provide our residential and business customers a wide range of beneficial, easy-to-use wireless broadband services," said AbdulMajeed Husain the Planning and Projects department Manager of LTT. "Alcatel-Lucent's WiMAX solution will enable us to better serve customers in major urban centers such as Tripoli. Alcatel-Lucent's unique expertise and ability to set up a wireless broadband network quickly and economically will enable us to begin offering these new services to our customers in just a few months."

Alcatel-Lucent's solution offers a cost-effective way to augment wireline deployments in emerging market countries.

"In economies such as Libya, our WiMAX solution is a valuable tool for rapidly and cost-effectively increasing penetration of high-speed Internet access," said Philippe de Jarnieu Chomel, Alcatel-Lucent's Vice President for the Mediterranean, West & Central Africa. "In addition to being able to offer new revenue-generating services, LTT will benefit from additional operational efficiencies because this solution offers one of the most advanced technologies in terms of radio frequency management."

Thanks to Alcatel-Lucent's Open CPE (customer premises equipment) Program, the infrastructure supports a wide range of terminals from various terminal equipment partners. This program is designed to promote an open device ecosystem, ensuring that customers have access to the widest possible range of interoperable end-user devices at attractive pricing.

With 24 commercial contracts and more than 70 trials around the world, Alcatel-Lucent is the undisputed leader in the WiMAX market.

Alcatel-Lucent's Universal WiMAX solution integrates the latest technological innovations, such as "beam forming"* and MIMO**. Beam forming enables a service provider to dramatically reduce the number of radio sites needed to provide coverage - in some instances by as much as 40 percent - while reducing interference and ensuring better indoor penetration of the radio signal. MIMO helps make radio links more robust, nearly doubling the capacity delivered in dense urban environments.

About WiMAX:

WiMAX (802.16e-2005) stands for Worldwide Interoperability for Microwave Access. It enables Voice and Broadband connectivity for fixed, nomadic or mobile use in urban, suburban and rural areas. For more information about WiMAX: please visit http://www.alcatel-lucent.com/wimax.

* "Beam forming" is an Advanced Antenna Technology (AAT) that ensures that radio power is concentrated where the WiMAX terminals are, adjusting the beam automatically as the terminals move around the coverage area.

** "MIMO" (Multiple Input - Multiple Output) is an Advanced Antenna Technology (AAT) that combines the radio signals transmitted and received on separate antennas. The technique takes advantage of the multiple paths and reflections of a radio signal to strengthen radio communications, particularly in densely populated areas where signals can be degraded by buildings and other physical obstacles.

About LTT

Libya Telecom and Technology, welcome to Libya's gateway to world of Communications & Internet. LTT is the pioneer of Libyan companies working in the field of Internet and communications and information technology, and that's ever since 1997 when the company began undergoing various scientific studies to lay down the foundations for a number of projects in the field of communications and information technology. For more information visit Libya Telecom and Technology website: http://ltt.ly/

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

Alcatel-Lucent

CONTACT: Alcatel-Lucent Press Contacts: Regine Coqueran, Tel:
+33-1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Mark Burnworth, Tel:
+33-1-40-76-50-84, mark.burnworth@alcatel-lucent.com. Alcatel-Lucent Investor
Relations: Remi Thomas, Tel: +33-1-40-76-50-61,
remi.thomas@alcatel-lucent.com, John DeBono, Tel: +1-908-582-7793,
debono@alcatel-lucent.com, Tony Lucido Tel: +33-1-40-76-49-80,
alucido@alcatel-lucent.com, Don Sweeney Tel: +1-908-582-6153,
dsweeney@alcatel-lucent.com

Ness Technologies Announces First Quarter 2008 Financial ResultsOperating Income Increases 49% on a 27% Increase in Revenues, With Record Backlog, Up 25% Year-Over-Year, and Strong Operating Cash Flows

HACKENSACK, New Jersey, May 5 /PRNewswire-FirstCall/ -- Ness Technologies, Inc. , a global provider of IT services and solutions, today announced financial results for the quarter ended March 31, 2008.

First Quarter 2008 Highlights: - Revenues were $159.7 million, up 27% year-over-year. - Operating income was $10.0 million, up 49% year-over-year. - Net income was $6.9 million, up 21% year-over-year. - Diluted net earnings per share was $0.18, up 20% compared to $0.15 in the first quarter of 2007. - Non-GAAP diluted net earnings per share was $0.22, up 29% compared to $0.17 in the first quarter of 2007 ([1]). - Operating cash flows for the quarter were $1.9 million, after payment of the $9.5 million arbitration settlement provided for in the fourth quarter of 2007. - Backlog as of March 31, 2008 was a record $791 million, up 25% compared to $631 million as of March 31, 2007. - Headcount declined sequentially to 7,800 as of March 31, 2008, due to the previously announced exit of low-margin, non-strategic staff supplementation businesses in Israel, the U.S. and Asia Pacific. Billable headcount in Ness India increased during the quarter by 200 employees.

"We had a solid first quarter, very much in line with our expectations, as we closed a number of large, strategically important new deals," said Sachi Gerlitz, president and chief executive officer of Ness Technologies. "Key drivers for the quarter included significantly improved operating margins in our Israeli commercial business as well as record first quarter performance from our European operations, which recorded strong organic growth and very good operating margins. We continued to optimize our business, spinning out or reducing low-margin, non-core staff supplementation business activity in Israel, the U.S. and Asia Pacific. With record backlog and a strong sales pipeline, we remain optimistic about our outlook for the future."

"Overall, we had a great quarter in which we overcame the slowing of the economy and the significant weakening of the U.S. dollar during the first quarter to deliver solid bottom line earnings," stated Ofer Segev, executive vice president and chief financial officer. "Operating cash flows in the quarter were strong in what is typically our weakest cash flow quarter of the year. We generated $11.4 million of operating cash from business operations, a first quarter record, from which we paid the previously announced $9.5 million arbitration settlement payment that we provided for in the fourth quarter. This performance reaffirms that our focus on cash generation is working. Our balance sheet and liquidity remain strong, and we feel confident about the future."

Guidance

For the full year 2008, Ness reiterates its guidance of diluted net earnings per share in the range of $1.00 to $1.05, and increases its revenue guidance to the range of $660 million to $680 million.

The increase in top line guidance accounts for increased revenues attributable to the weakness of the U.S. dollar and the strength of the Israeli shekel, as the company's foreign revenues are re-measured into dollars for consolidated reporting.

Conference Call Details

Ness Technologies president and chief executive officer, Sachi Gerlitz, and executive vice president and chief financial officer, Ofer Segev, will also conduct a conference call to discuss the first quarter 2008 results. The call, which will be simultaneously webcast, will begin at 8:30 AM Eastern Time / 5:30 AM Pacific Time on Monday, May 5, 2008.

To access the Ness Technologies first quarter 2008 earnings conference call, participants in North America should dial 1-800-399-0427 and international participants should dial +1-706-634-5453. A live audio webcast of the conference call will be available on the investor relations page of the Ness Technologies corporate web site at http://www.ness.com/. Please visit the web site at least 15 minutes early to register for the teleconference webcast and download any necessary audio software. A replay of the call will be available on the web site approximately two hours after the conference call is completed.

About Ness Technologies

Ness Technologies is a global provider of end-to-end IT services and solutions designed to help clients improve competitiveness and efficiency. The Ness portfolio of solutions and services consists of software product development, including both offshore and near-shore outsourcing; system integration, application development and consulting; and software distribution. With 7,800 employees, Ness maintains operations in 18 countries, and partners with numerous software and hardware vendors worldwide. For more information about Ness Technologies, visit http://www.ness.com/.

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Ness uses various non-GAAP measures of net income and earnings per share, including adjustments from results based on GAAP to exclude non-cash stock-based compensation expenses in accordance with SFAS 123R and amortization of intangible assets, net of taxes. Ness' management believes the non-GAAP financial information provided in this release is useful to investors' understanding and assessment of Ness' on-going core operations and prospects for the future. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and as such has determined that it is important to provide this information to investors.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Ness' actual results could differ materially from those anticipated in these forward looking statements as a result of various factors. Some of the factors that could cause future results to materially differ from the recent results or those projected in forward-looking statements include the "Risk Factors" described in Ness' Annual Report of Form 10-K filed with the Securities and Exchange Commission on March 17, 2008. Ness is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of such changes, new information, subsequent events or otherwise.

NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME U.S. dollars in thousands (except per share data) Three months ended March 31, Statement of Operations Data: 2007 2008 (Unaudited) $ $ Revenues............................................. 125,778 159,732 Cost of revenues....................................... ...... 89,676 114,390 Gross profit................................................ 36,102 45,342 Selling and marketing................................ 9,472 13,208 General and administrative........................................ 19,914 22,105 Total operating expenses.............................................. 29,386 35,313 Operating income............................................... 6,716 10,029 Financial income (expenses), net.................................................. 389 (1,416) Other income, net........................................................ 6 - Income before taxes on income............................................... 7,111 8,613 Taxes on income................................................. 1,396 1,719 Net income............................................... $ 5,715 $ 6,894 Basic net earnings per share..................... ........................... $ 0.15 $ 0.18 Diluted net earnings per share................................................. $ 0.15 $ 0.18 Weighted average number of shares (in thousands) used in computing basic net earnings per share......................... 38,872 39,201 Weighted average number of shares (in thousands) used in computing diluted net earnings per share....................... 39,335 39,342 NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES RECONCILIATION OF SUPPLEMENTAL FINANCIAL INFORMATION U.S. dollars in thousands (except per share data) Three months ended March 31, 2007 2008 (Unaudited) GAAP net $ $ income............................................. 5,715 6,894 Stock-based compensation....................................... 376 891 Amortization of intangible assets............................................... 870 1,470 Taxes on stock-based compensation and amortization of intangible assets......................... (184) (476) Non-GAAP net $ $ income.......................... .................. 6,777 8,779 GAAP diluted net earnings per share.............................................. $ 0.15 $ 0.18 Stock-based compensation....................................... 0.01 0.02 Amortization of intangible assets.............................................. 0.02 0.04 Taxes on stock-based compensation and amortization of intangible assets...................................... (0.00) (0.01) Non-GAAP diluted net earnings per share.............................................. $ 0.17 $ 0.22 Weighted average number of shares (in thousands) used in computing non-GAAP diluted net earnings per share............ 39,335 39,342 NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME U.S. dollars in thousands Three months ended March 31, Segment Data: 2007 2008 (Unaudited) Revenues: Ness North $ $ America........................................... 26,101 27,067 Technologies & Systems Group 14,153 16,538 (TSG)............................................................. Ness 22,874 40,160 Europe............................................................ Ness 50,600 51,302 Israel............................................................ 12,050 24,665 Other............................................................. $ $ 125,778 159,732 Operating Income (Loss): Ness North $ 2,003 $ 1,095 America.............................................................. Technologies & Systems Group 2,370 2,215 (TSG)................................................................ Ness 1,451 4,483 Europe............................................................... Ness 3,089 4,694 Israel............................................................... 593 (212) Other................................................................ Unallocated (2,790) (2,246) Expenses............................................................. $ 6,716 $10,029 Geographic Data: Revenues: $ $ Israel............................................ 60,633 60,523 North 34,388 41,914 America........................................................ 25,301 50,231 Europe.............................................................. Asia 5,456 7,064 Pacific.............................................................. $ $ 125,778 159,732 NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS U.S. dollars in thousands Three months ended March 31, 2007 2008 (Unaudited) Cash flows from operating activities: Net income........................................ $ 5,715 $ 6,894 Adjustments required to reconcile net income to net cash provided by (used in) operating activities: Stock-based compensation-related expenses.............................. 376 891 Currency fluctuation of long-term debt................................. 19 5 Depreciation and amortization......................... 2,942 4,118 Arbitration settlement............................ - (9,452) Loss on sale of property and equipment............................. 21 19 Decrease in trade receivables, net.................................. 2,140 12,146 Increase in unbilled receivables.......................... (10,799) (5,515) Increase in other accounts receivable and prepaid expenses........................... (3,601) (1,948) Decrease (increase) in work-in-progress ..................................... 185 (1) Decrease (increase) in long-term prepaid expenses.............................. (974) 128 Deferred income taxes, net.................................. 621 1,667 Decrease in trade payables............................. (4,988) (3,412) Increase in advances from customers and deferred revenues.............................. 7,283 3,658 Increase in other long-term liabilities.......................... - 428 Increase (decrease) in other accounts payable and accrued expenses................................ 393 (6,472) Decrease in accrued severance pay, net............................................. (123) (1,243) Net cash provided by (used in) operating activities.......................... (790) 1,911 Cash flows from investing activities: Proceeds from sale of cost investment.......................... 1,866 - Investment in short-term bank deposits, net................................... (1,587) (1,626) Proceeds from sale of property and equipment................................ 54 47 Purchase of property and equipment and capitalization of software developed for internal use (2,564) (3,504) Net cash used in investing activities............................. (2,231) (5,083) Cash flows from financing activities: Exercise of options.................................. 1,299 142 Dividend to former shareholders of an acquired subsidiary.............................. - (5,714) Short-term bank loans and credit, net................................... (1,346) 7,196 Proceeds from long-term debt....................................... - 24,961 Principal payments of long-term debt........................................... (1,452) (1,457) Net cash provided by (used in) financing activities...................... (1,499) 25,128 Effect of exchange rate changes on cash and cash equivalents......................... ...... 349 730 Increase (decrease) in cash and cash equivalents.............................. (4,171) 22,686 Cash and cash equivalents at the beginning of the period...................................... 46,675 43,097 Cash and cash equivalents at the end of the period........................................$ 42,504 $ 65,783 NESS TECHNOLOGIES, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands December March 31, 31, 2007 2008 (Unaudited) CURRENT ASSETS: Cash and cash equivalents...................................... $ 43,097 $ 65,783 Restricted cash.................................. .......... 602 - Short-term bank deposits..................... ................... 2,361 4,520 Trade receivables, net of allowance for doubtful accounts....................................... 184,074 182,055 Unbilled receivables.................................... 38,211 47,179 Other accounts receivable and prepaid expenses......................................... 31,677 34,552 Work in progress........................................... 2,563 2,748 Total current assets............................................ 302,585 336,837 LONG-TERM ASSETS: Long-term prepaid expenses and other assets........................................... 8,014 8,122 Investments at cost............................................. 564 616 Unbilled receivables...................................... 8,919 9,483 Deferred income taxes, net ................................................. 7,806 13,052 Severance pay fund............................................... 49,731 52,809 Property and equipment, net.............................................. 34,072 36,518 Intangible assets, net.............................................. 17,011 16,677 Goodwill.......................................... 263,444 272,246 Total long-term assets............................................ 389,561 409,523 Total assets...........................................$ 692,146 $ 746,360 CURRENT LIABILITIES: Short-term bank credit......................................... $ 2,819 $ 11,009 Current maturities of long-term debt............................................. 1,662 2,930 Trade payables......................................... 54,964 54,891 Advances from customers and deferred revenues............................................29,119 35,355 Other accounts payable and accrued expenses.......................................... 120,661 107,265 Total current liabilities....................................... 209,225 211,450 LONG-TERM LIABILITIES: Long-term debt, net of current maturities....................................... 47,191 72,203 Other long-term liabilities ................................................. 4,864 5,557 Deferred income taxes........................................... 2,228 2,053 Accrued severance pay................................................ 57,465 59,846 Total long-term liabilities...................................... 111,748 139,659 Total stockholders' equity............................................ 371,173 395,251 Total liabilities and stockholders' equity...........................................$ 692,146 $ 746,360 -----------------------------------

([1]) See "Use of Non-GAAP Financial Information" below for more information regarding Ness' use of non-GAAP financial measures.

Ness Technologies media contact: David Kanaan USA: 1-888-244-4919 Intl: +972-3-540-8188 Email: media.int@ness.com Ness Technologies investor contact: Drew Wright USA: +1-201-488-3262 Email: investor@ness.com

Ness Technologies Inc

CONTACT: Ness Technologies media contact: David Kanaan, USA:
1-888-244-4919, Intl: +972-3-540-8188, Email: media.int@ness.com; Ness
Technologies investor contact:, Drew Wright, USA: +1-201-488-3262, Email:
investor@ness.com

Greater China's LED Lighting Manufacturers Predict Export Boom Due to Broader Range of General Lighting Applications -- China Sourcing Report

China Sourcing Report: LED Lighting Fixtures Covers Pricing, Supply Market Trends, Suppliers and Details on Ceiling-Mount, In-Ground and Wall-Mount Light Emitting Diode Fixtures for Export

HONG KONG, May 5 /Xinhua-PRNewswire-FirstCall/ -- Eighty-one percent of Greater China LED light fixture suppliers predict strong export growth of 10 percent or more in the next 12 months, due primarily to a wider range of LED-based general lighting applications. This is according to Global Sources' China Sourcing Report: LED Light Fixtures (http://www.chinasourcingreports.com/ledlightfixtures ) .

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

''The use of LEDs in functional everyday lighting is moving into the mainstream, especially in developed markets. This, in turn, is fueling product development, with Greater China manufacturers seeking to gain an edge through improved performance and application flexibility,'' said the Report's publisher Spenser Au.

Among surveyed LED lighting suppliers' product development plans for the coming months:

-- 59 percent are focused on general lighting applications; -- 22 percent are improving optical / lighting design; -- 11 percent are developing models with brighter output; and -- 8 percent are working to decrease decay / deterioration rates. Most Greater China Suppliers Predicting Strong Growth, Targeting EU Market

''Greater China suppliers are predicting strong export sales of LED fixtures, as demand grows and they expand their product lines to include a wider range of lighting applications,'' said Au.

Among surveyed Greater China manufacturers: -- 67 percent said export sales are expected to increase by 20 percent or more; -- 14 percent expect increases of 10 to 20 percent; and -- 19 percent expect sales to stay flat or to grow by less than 10 percent.

Suppliers are focused on exports to Western markets where the relatively high cost of LED lights versus standard lights is not as much of an issue. Among surveyed suppliers, 56 percent are targeting the EU and 35 percent are targeting exports to the United States.

Au said: ''As applications for LED lighting expand and the cost of diodes and other key components drops, most suppliers see the market as poised for growth.''

In-Factory Interviews, Price Forecasts and New LED Light Fixture Models

The 96-page China Sourcing Report: LED Light Fixtures provides detailed profiles of 37 suppliers with verified manufacturing and export credentials. It includes a Product Gallery featuring 87 of the most popular export models, with key specifications and full-color pictures.

The Report's surveys, price trends and supply forecasts aim to help buyers make better-informed purchasing decisions.

Specialized Global Sources Websites, Trade Shows, Magazines and Research Reports

China Sourcing Reports are part of Global Sources' portfolio of brands for sourcing and product information services, which include Global Sources Online (http://www.globalsources.com/ ), the China Sourcing Fairs (http://www.chinasourcingfair.com/ ), Global Sources trade magazines and Global Sources Direct (http://www.globalsourcesdirect.com/ ). For more information, visit http://www.corporate.globalsources.com/ .

The China Sourcing Report: LED Light Fixtures is available for purchase at http://www.chinasourcingreports.com/ledlightfixtures .

Information about Greater China light fixtures suppliers and products can be found at http://www.chinasuppliers.globalsources.com/china-suppliers/Lighting- Fixtures.htm . (Note: If the URL above wraps to a second line, paste both lines into the browser.)

About Global Sources

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 657,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2 million products and more than 170,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 29 times a year across nine cities.

Suppliers receive more than 27 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com/ ) alone.

Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5021 e-mail: cso@globalsources.com Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-480-664-8309 e-mail: strachan@globalsources.com Global Sources Investor Contact in Asia: Investor Relations Department Tel: +852-2555-4777 e-mail: investor@globalsources.com Global Sources Investor Contact in U.S.: Christiane Pelz & Kirsten Chapman Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 e-mail: investor@globalsources.com

Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
PR Newswire Photo Desk, photodesk@prnewswire.com Global Sources

CONTACT: Press contact in Asia: Camellia So, +852-2555-5021,
cso@globalsources.com; Press contact in U.S.: James W.W. Strachan,
+1-480-664-8309, strachan@globalsources.com, both of Global Sources; Investor
contact in Asia: IR Department of Global Sources, +852-2555-4777,
investor@globalsources.com; Investor Contact in U.S.: Christiane Pelz or
Kirsten Chapman, both of Lippert-Heilshorn & Associates, Inc., +1-415-433-3777,
investor@globalsources.com, for Global Sources

Web site: http://www.chinasourcingreports.com/ledlightfixtures
http://www.globalsources.com/
http://www.chinasourcingfair.com/
http://www.globalsourcesdirect.com/
http://www.corporate.globalsources.com/

Libya Telecom Technology Selects Alcatel-Lucent to Build Libya's First WiMAX Rev-e Network

PARIS, May 5 /PRNewswire/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that it has been awarded a contract by LTT (Libya Telecom and Technology), the national Internet Service Provider in Libya, to deploy the first commercial WIMAX network based on the 802.16e-2005 WiMAX standard, in Libya. LTT plans to launch the commercial service on the network in September 2008.

The new network will support voice over IP (VoIP) and high-speed internet access, enabling the delivery of advanced broadband multimedia services, such as video streaming, through a variety of end-user including modems and WiMAX terminals. It will also accommodate stationary, nomadic and mobile applications and complement the carrier's existing fixed-based broadband services.

Under the agreement, Alcatel-Lucent will provide a complete WiMAX infrastructure solution, including the radio access network, microwave backhaul and IP routers and will deploy around 120 sites in a first phase. LTT has an aggressive schedule for additional deployments.

"We want to provide our residential and business customers a wide range of beneficial, easy-to-use wireless broadband services," said AbdulMajeed Husain the Planning and Projects department Manager of LTT. "Alcatel-Lucent's WiMAX solution will enable us to better serve customers in major urban centres such as Tripoli. Alcatel-Lucent's unique expertise and ability to set up a wireless broadband network quickly and economically will enable us to begin offering these new services to our customers in just a few months."

Alcatel-Lucent's solution offers a cost-effective way to augment wireline deployments in emerging market countries.

"In economies such as Libya, our WiMAX solution is a valuable tool for rapidly and cost-effectively increasing penetration of high-speed Internet access," said Philippe de Jarnieu Chomel, Alcatel-Lucent's Vice President for the Mediterranean, West & Central Africa. "In addition to being able to offer new revenue-generating services, LTT will benefit from additional operational efficiencies because this solution offers one of the most advanced technologies in terms of radio frequency management."

Thanks to Alcatel-Lucent's Open CPE (customer premises equipment) Program, the infrastructure supports a wide range of terminals from various terminal equipment partners. This program is designed to promote an open device ecosystem, ensuring that customers have access to the widest possible range of interoperable end-user devices at attractive pricing.

With 24 commercial contracts and more than 70 trials around the world, Alcatel-Lucent is the undisputed leader in the WiMAX market.

Alcatel-Lucent's Universal WiMAX solution integrates the latest technological innovations, such as "beam forming"* and MIMO**. Beam forming enables a service provider to dramatically reduce the number of radio sites needed to provide coverage - in some instances by as much as 40 percent - while reducing interference and ensuring better indoor penetration of the radio signal. MIMO helps make radio links more robust, nearly doubling the capacity delivered in dense urban environments.

About WiMAX:

WiMAX (802.16e-2005) stands for Worldwide Interoperability for Microwave Access. It enables Voice and Broadband connectivity for fixed, nomadic or mobile use in urban, suburban and rural areas. For more information about WiMAX: please visit http://www.alcatel-lucent.com/wimax.

* "Beam forming" is an Advanced Antenna Technology (AAT) that ensures that radio power is concentrated where the WiMAX terminals are, adjusting the beam automatically as the terminals move around the coverage area.

** "MIMO" (Multiple Input - Multiple Output) is an Advanced Antenna Technology (AAT) that combines the radio signals transmitted and received on separate antennas. The technique takes advantage of the multiple paths and reflections of a radio signal to strengthen radio communications, particularly in densely populated areas where signals can be degraded by buildings and other physical obstacles.

About LTT

Libya Telecom and Technology, welcome to Libya's gateway to world of Communications & Internet. LTT is the pioneer of Libyan companies working in the field of Internet and communications and information technology, and that's ever since 1997 when the company began undergoing various scientific studies to lay down the foundations for a number of projects in the field of communications and information technology. For more information visit Libya Telecom and Technology website: http://ltt.ly

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com

Alcatel-Lucent

Alcatel-Lucent Press Contacts: Régine Coqueran, Tel: +33-1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Mark Burnworth, Tel: +33-1-40-76-50-84, mark.burnworth@alcatel-lucent.com. Alcatel-Lucent Investor Relations: Rémi Thomas, Tel: +33-1-40-76-50-61, remi.thomas@alcatel-lucent.com, John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido Tel: +33-1-40-76-49-80, alucido@alcatel-lucent.com, Don Sweeney Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com

Elbit Systems Subsidiary Receives $127 Million Contract to Supply Advanced Communications Solutions

HAIFA, Israel, May 5 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. announced that its wholly-owned subsidiary, Tadiran Communications Ltd, received a $127 million contract to supply tactical communications radio equipment and systems from a European customer. The systems include high frequency (HF) and very high frequency (VHF) tactical radio equipment designed for use by ground forces for data transfer and voice communications. The project will be performed over a 17-month period.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )

Joseph Ackerman, President and CEO of Elbit Systems said: "This contract reflects the Company's leadership as a C4I and radio solutions provider and attests to the quality of our products, services and on-going support. We are looking forward to further business in this line of communications systems."

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.

This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.

Contacts: Company Contact: Joseph Gaspar, Corporate VP & CFO Dalia Rosen, Director of Corporate Communications Elbit Systems Ltd Tel: +972-4-8316663 Fax: +972-4-8316944 E-mail: gspr@elbit.co.il daliarosen@elbit.co.il IR Contact: Ehud Helft / Kenny Green G.K. Investor Relations Tel: +1-646-201-9246 E-mail: info@gkir.com

Photo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 Elbit Systems Ltd

CONTACT: Contacts: Company Contact: Joseph Gaspar, Corporate VP & CFO,
Dalia Rosen, Director of Corporate Communications, Elbit Systems Ltd, Tel:
+972-4-8316663, Fax: +972-4-8316944, E-mail: gspr@elbit.co.il,
daliarosen@elbit.co.il; IR Contact: Ehud Helft / Kenny Green, G.K. Investor
Relations, Tel: +1-646-201-9246, E-mail: info@gkir.com

OTI's Wholly Owned Subsidiary in Poland - ASEC - Wins Additional Award for Half a Million Multi-Application Contactless Cards from the City of WarsawContactless Cards are Used for Public Transportation and Parking Solutions

FORT LEE, N.J., May 5 /PRNewswire-FirstCall/ -- On Track Innovations Ltd (OTI) , a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced that its subsidiary, ASEC S.A. ("ASEC") in Poland, will provide the Transport Department of the City of Warsaw with additional public transportation and street parking contactless e-tickets. This is an additional award, following deliveries of more than a million cards that have already been supplied as part of the program. The additional contract award deliveries are expected to be completed this year.

Warsaw residents use OTI's contactless cards for bus, tram, and metro rides, as well as for street parking. ASEC also provided additional services and products for the project including: terminals with integrated contactless readers that enable card loading and perform sale transactions, as well as automated ticket vending machines and software for data gathering and sales monitoring.

About OTI

Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

For more information on OTI, visit http://www.otiglobal.com/, the content of which is not part of this press release.

Safe Harbor for Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those regarding the expected income to be generated from the orders from the Transport Department of the City of Warsaw. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2006, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.

OTI Contact: Galit Mendelson Director of Corporate Communications 201 944 5200 ext. 111 galit@otiglobal.com Investor Relations Paul Holm portfoliopr 212 888 4570 paulh@portfoliopr.biz

On Track Innovations Ltd

CONTACT: Galit Mendelson, Director of Corporate Communications, OTI,
+1-201-944-5200 ext. 111, galit@otiglobal.com; or Investor Relations, Paul
Holm, portfoliopr, +1-212-888-4570, paulh@portfoliopr.biz

Web site: http://www.otiglobal.com/

China Sky One Medical, Inc. Successfully Develops Semi-Quantitative Automatic Inspection Device for Diagnostic Kits

HARBIN, China, May 4 /Xinhua-PRNewswire-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (BULLETIN BOARD: CSKI) , a leading fully integrated pharmaceutical company for external use, over-the-counter drugs in the People's Republic of China ("PRC"), today announced the successful development of a semi-quantitative automatic inspection device for its diagnostic kits.

Harbin First Bio-Engineering Company Limited ("First"), a wholly-owned subsidiary of China Sky One Medical, has developed a series of diagnostic kits under the support of the Chinese government which significantly improve the accuracy of early cancer detection. In order to interpret the results from these diagnostic kits, physicians must use advanced equipment. This has impeded broader adoption of the diagnostic kits as very few hospitals in China are equipped with this type of equipment. As a result, the Company collaborated with Harbin Institute of Technology Machinery and Automation College to develop a semi-quantitative automatic inspection system for its diagnostic kits to aid physicians in interpreting the results.

The new inspection system utilizes transferred photoelectron technology. By attaching the inspection device to a diagnostic kit, the physician is able to easily determine the test results without utilizing other equipment. By simplifying the diagnostic process, the new device should stimulate faster adoption of the Company's diagnostic kits by healthcare professionals. The device has been examined by experts in the field and has been submitted to the SDFA for approval. China Sky One Medical is responsible for all the research expenses and holds the patent for the device.

"We are excited about the development of our semi-quantitative automatic inspection device," said Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical, Inc. "We believe that by combining our kits with the inspection device, it will promote wider adoption of the kits by healthcare professionals and make a meaningful contribution to our revenue in the future. The unique sales model of bundling diagnostic kits with the inspection device will help to maintain profits and increase our competitiveness going forward."

About China Sky One Medical, Inc.

China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company ("TDR") and Harbin First Bio- Engineering Company Limited ("First"), the Company manufactures and distributes over-the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.skyonemedical.com/ .

Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

For more information, please contact: China Sky One Medical, Inc. Ms. Xiaoyan Han, CFO Tel: +86-1335-999-3681 Email: tdrhan@163.com CCG Elite Investor Relations Inc. Mr. Crocker Coulson, President Tel: +1-646-213-1915 (New York) Email: crocker.coulson@ccgir.com

China Sky One Medical, Inc.

CONTACT: Ms. Xiaoyan Han, CFO of China Sky One Medical, Inc., +86-1335-
999-3681, or tdrhan@163.com; Or Mr. Crocker Coulson, President of CCG Elite
Investor Relations Inc., +1-646-213-1915 (New York), or
crocker.coulson@ccgir.com

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News archive of November 2009
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