Helical: Siemens and EIT Announce Verizon Network Upgrade

Business Wire, March 3, 2005

HALIFAX, Nova Scotia -- The Helical Corporation Inc. ("Helical") (TSX VENTURE:HSI) announced today that its wholly owned subsidiary EIT Inc. ("EIT") has been notified by its partner, Siemens Communications ("Siemens"), that Siemens has signed a contract with Verizon under which Siemens will upgrade all of the DCO switching systems currently deployed in Verizon's public telephone network throughout various regions of the USA. Siemens did not disclose the value of this contract from Verizon but the work entails upgrades to approximately 70 DCO switching systems. "This is very exiting for EIT " stated Peter Lyons, President and CEO. "EIT will be undertaking all of the installation work for Siemens for this project, and I estimate it to be worth about $350,000, with the contact work completed in the May-June 2005 timeframe" continued Lyons.

About Helical and EIT Inc.

The Helical Corporation Inc. through subsidiary Helical Systems Inc. (www.helical.ns.ca) is the developer of a revolutionary software platform for Very Large Data Base (VLDB) management. The advanced capabilities of the software allow for the acquisition, visualization, fusion, management and archiving of near limitless quantities of data in real time at the desktop level. Helical is focused on licensing the Helical Software Platform to first tier OEMs such as IBM, Dell, HP and ESRI.

Through subsidiary EIT Inc., Helical provides engineering and installation (voice and data) services to major Telecommunications manufacturers such as Siemens. In addition the company provides engineering, furnish and installation services to major telecommunications service providers including Verizon, Sprint, Bellsouth and many of the Independent Operating Companies (IOC).

About Siemens

Siemens Communications is one of the largest players in the global telecommunications industry. Siemens is the only provider in the market that offers its customers a full-line portfolio, from end-user devices to complex network infrastructure for enterprises and carriers as well as related services. Siemens Communications is the world's innovation leader in convergent technologies, products and services for wireless, fixed and enterprise networks. It is the largest Siemens group and operates in more than 160 countries around the world. In fiscal 2003 (September), its 60,000 strong workforce generated sales of about 17 billion euros.

More about Siemens at http://www.siemens.com/communications

The Helical Corporation Inc, at present, has 52,015,442 common shares issued and outstanding.

THE HELICAL CORPORATION INC. (TSX VENTURE:HSI)