EyeNet and the University of Illinois to Collaborate on Intelligent Security Camera Systems

Business Wire, May 21, 2005

CRESTWOOD, Ill. -- "Smart" Camera Systems to Combine the University of Illinois' Self-Aiming Camera Technology with Advanced Vehicle License Plate Recognition Software from EyeNet

EyeNet Enforcement Systems Inc., an innovative provider of security technology for homeland security, law enforcement, private security, traffic enforcement and public safety markets, today announced its collaboration with the University of Illinois Urbana-Champaign. The collaboration focuses on exploring commercial opportunities within key markets for intelligent security camera systems that leverage the University's self-aiming camera (SAC) technology and EyeNet's powerful vehicle license plate and feature recognition software.

The University of Illinois has developed Intelligent Multisensor Fusion technology that has been implemented as a self-aiming camera. The patented technology allows a moveable video camera to receive and process input from multiple sensors, then automatically aim itself at a target that is the most probable source of that input. Used in combination with EyeNet's vehicle recognition software, SAC-enabled cameras can locate and begin recording incidents involving vehicles. EyeNet's software logs identifying features of the vehicle or vehicles involved, such as make, model, color and license plate number. This information can be used in conjunction with any Windows(TM)-based database to automatically trigger alerts (such as an Amber Alert) or other targeted response or to simply catalog incidents for later evaluation.

"This is a tremendous opportunity for EyeNet," said Thomas Tarach, president of EyeNet. "Our collaboration on this project brings with it important funding opportunities for both entities and great support from the Illinois contingent of the U.S. legislature. By working with the largest university in the state, we can bring jobs and revenue to this region and the university."

The university ultimately looks to license the technology to EyeNet, who would integrate the invention into their product lines and market it to their expanding customer base.

About EyeNet Enforcement Systems

With headquarters near Chicago, EyeNet Enforcement Systems provides next-generation security solutions to the homeland security, law enforcement, private security, traffic enforcement and public safety markets. The company's primary focus is on intelligent vehicle identification technologies that help safeguard public and private areas and automate revenue-producing programs. EyeNet also provides advanced biometrics systems that are suited to a wide range of identity authentication applications. EyeNet's subsidiary, Network Electric Inc. (NEI), is the premier provider of red-light camera installation and support services in the country and is also an approved government, electrical and general contractor with extensive experience in digital camera systems, underground wiring and telecommunications systems. EyeNet is dedicated to maximizing shareholder value through strategic acquisitions and licensing agreements, aggressive organic growth and key partnerships. For more information, call 877-4-EYENET or visit www.eyenet.us.

Cautionary Statement

Certain statements included in this press release may constitute forward-looking statements within the meaning of applicable securities laws. These statements reflect what EyeNet anticipates, expects, or believes may happen in the future. EyeNet's actual results could differ materially from the outcome or circumstance expressed or implied by such forward-looking statements as a result of a variety of factors including, but not limited to: EyeNet's ability to develop its technologies; the approval of EyeNet's patent applications; the successful implementation of EyeNet's research and development programs; the ability of EyeNet to demonstrate the effectiveness of its technology; the acceptance by the market of EyeNet's technology and products incorporating such technology, the ability of EyeNet to effectively negotiate and enter into contracts with medical device manufacturers for the licensing of EyeNet's technology; competition; the ability of EyeNet to raise capital to fund its operating and research and development activities until it generates revenues sufficient to do so; and the timing of projects and trends in future operating performance. The forward-looking statements contained herein are made as of the date of this press release, and EyeNet undertakes no obligation to publicly update such statements to reflect subsequent events or circumstances.