Aimetis Appoints Rein Raud to Board of Directors; Former Honeywell Executive Brings Over 20 Years Experience in Physical Security Market to Aimetis

Business Wire, May 11, 2005

WATERLOO, Ontario -- Aimetis Corp., the leader in intelligent video surveillance, today announced that Rein Raud, chief executive officer of Sigmabond Technologies Corporation has joined Aimetis' board of directors.

"We are delighted to welcome Mr. Raud to the Aimetis' Board of Directors," said Marc Holtenhoff, Aimetis CEO. "His depth of experience, particularly in the physical security industry, will be invaluable as we look to continue our growth in this market."

Prior to his current position as CEO at Sigmabond Technologies Corporation, Mr. Raud spent 23 years at Honeywell International, one of the world's most advanced technology companies. During his tenure at Honeywell, Mr. Raud held a number of positions of increasing responsibility, most recently as VP/GM of Honeywell's worldwide $550 million security install and service business. His accomplishments include the strategic transformation of the Honeywell Security service and install business to that of a global security and access control product and systems manufacturing and distribution business by leading the acquisition and integration of the $1.6B Pittway Corporation into Honeywell.

"Aimetis advanced technology has positioned the company as a leader in the emerging market for intelligent video surveillance" explained Mr. Raud. "I look forward to contributing to the company's initiatives in the physical security and business intelligence markets."

Mr. Raud has also served on a number of corporate global steering committees, bringing a wealth of international marketing and general management expertise to Aimetis. Mr. Raud holds an engineering degree from the University of Toronto, with continued advanced management studies at Harvard University.

About Aimetis

Aimetis develops and markets intelligent video surveillance software and services for commercial and government organizations. Aimetis' award winning, computer vision based technology records multiple video streams, performs intelligent real-time analysis of incoming data, automatically takes action as required, and provides advanced video retrieval and management capabilities. Aimetis is headquartered in Waterloo, Canada.