Optimal Technologies Nominated for 2003 World Technology Award

The World Technology Network (WTN) announced today that Optimal Technologies International Inc. has been selected as a corporate nominee for this year's World Technology Award for Environment, being presented in association with NASDAQ, Accenture, TIME magazine, Technology Review magazine and Science magazine.

Winners will be announced on June 25, 2003, in San Francisco, at the World Technology Awards gala ceremony at the conclusion of the two-day World Technology Summit. The World Technology Awards honour individuals and corporations from twenty technology-related sectors selected by their peers as being the most innovative and doing the work of the greatest likely long-term significance. Award categories range from biotechnology and environment, space and energy to ethics, design and entertainment.

"I am delighted Optimal Technologies has been nominated for the 2003 World Technology Award for Environment," Roland Schoettle, founder and Chief Executive Officer said. "Recognition from one's peers is the highest honour."

Nominees for the 2003 World Technology Awards were identified based on an intensive, global process in which current WTN members (primarily winners and finalists of previous Awards cycles) made their nominations based on who they think are most innovative and have the most impact, within their particular field.

James P. Clark, founder and Chairman of the World Technology Network, added, "The World Technology Awards program was created to recognize truly extraordinary innovation on a global scale, the sort of work that could be described as creating our collective future and changing our world. Optimal Technologies' contribution in the field of Environment has been outstanding, and the nomination is just an acknowledgement of that fact."

This year's World Technology Awards ceremony will provide the closing event to the 2003 World Technology Summit taking place on in San Francisco on the 24th and 25th of July. For more information on the World Technology Network, World Technology Awards and World Technology Summit, please visit their website, www.wtn.net.

Notes to Editors:

A small selection of those WTN members nominating this year include:

Osamu Chisaki - Executive Director - Japan Bioindustry Association

Desh Deshpande - Chairman - Sycamore Networks

Tim Berners-Lee - Director - World Wide Web Consortium (W3C)

Sir Christopher Frayling - Rector & Vice Provost - Royal College of Art

Gary Shapiro - President - Consumer Electronics Association (CEA)

Achim Steiner - Director General - IUCN - The World Conservation Union

Georges Kutukdjian - Executive Secretary - World Commission on the Ethics of Scientific Knowledge & Technology (COMEST), UNESCO

Tim Draper - Founder and Managing Director - Draper Fisher Jurvetson

Bert Keely - Architect, Tablet PC Microsoft

Michael Dell - Chairman & CEO - Dell Computer Corporation

Lawrence Lessig - Professor - Stanford Law School

Mark Viken - Sr. VP Marketing - Sony Electronics

Colin Hicks - Director General - British National Space Centre (BNSC)

About World Technology Network (www.wtn.net)

The World Technology Network is a London-headquartered organization that was created to "encourage serendipity" -- happy accidents -- amongst those individuals and companies deemed by their peers to be the most innovative in the technology world. WTN's areas of interest range from IT and communications to biotech, energy, materials, space, as well as related fields such as finance, marketing, policy, law, design and ethics. Each year, WTN members are brought together through an ongoing global series of Roundtable Dinners, Chapter Meetings and other events. WTN also publishes "World Technology Intelligence," a bi-monthly magazine about what is imminent, possible, and important in the technology world, written largely by its own members -- the people driving the most significant innovations. Central events in the WTN calendar include the annual World Technology Summit and World Technology Awards -- the culmination of a global judging program through which new members are nominated and selected and by which the network grows and is refreshed.

About Optimal Technologies (www.otii.com)

Optimal Technologies is the leading developer of SmartGrid™ solutions that provide a secure, responsive, efficient and reliable power network from generator to end-user. Optimal's suite of products and services and underlying QuixFlow™ intelligent, non-linear optimization technology architecture make it possible to optimize and integrate the critical engineering, business and financial processes throughout a power network enterprise. Applications include congestion management, local marginal and nodal pricing, power system simulation, advanced distributed energy resource management, automated meter reading and Web services. Optimal's technologies and services have been used in projects conducted for international energy companies and major government entities. The privately held company maintains offices in the United States and Canada.

Contact: Jon Holt Company: Edelman Voice: 020 7344 1590 Email: Jon.holt@Edelman.com

Contact: James P. Clark Company: WTN Title: Chairman Email: jpclark@wtn.net

Contact: Lynette E. McInnes Company: Optimal Technologies Voice: 707-557-1788 Email: lynettem@otii.com