FOR IMMEDIATE RELEASE

MODEL Technologies Inc. receives IRAP's Funding to Develop ContextPortal for Microsoft Outlook

Ottawa, Ontario, February, 2001 - MODEL Technologies Inc., a developer of context management software that puts information in context, announced today that it has received Research & Development funding from the National Research Council's (NRC) Industrial Research Assistance Program (IRAP). IRAP supports technological innovation capabilities for both the small and medium sized businesses by providing services, including financial assistance, for both small and large-scale research and development projects.

The NRC's IRAP stimulates wealth-creation for Canada through the support of technological innovation. IRAP's financial assistance program is only one component of a complete service package that enables small and medium sized Canadian businesses to turn innovative ideas into state-of-art products.

With IRAP's support MODEL will leverage its existing proprietary ContextEnginetm technology to develop powerful, scaleable, and user-friendly knowledge management applications. The Knowledge Management software market had been performing extremely well over the past several years, experiencing very robust worldwide revenue growth exceeding 20% in 2000. The total knowledge management software market is expected to increase to $4.8 billion in 2007 at a compound annual growth rate (CAGR) of 12.4%. (Source IDC).

MODEL's development project goals include context automation and increasing the range of its application program interfaces (APIs) to enhance MODEL's attractiveness to strategic partners. Specifically, MODEL will focus on developing ContextPortaltm for Microsoft Outlook®, the most widely used email application in the world.

The challenge is to turn static email repository into a fluid, adaptable and flexible corporate knowledge base. To do so requires an understanding of how work is done. It is about connections between people, relationships, roles, responsibilities, expertise, processes and data - all automatically organized by context.

About IRAP (www.nrc.ca/irap)

The Industrial Research Assistance Program (IRAP) has existed for close to 60 years to help Canadian SMEs improve their technological performance through innovation. This program stimulates wealth creation through technological innovation by providing technology advice, assistance and services to SMEs to help them build their innovation capacity. NRC-IRAP brings together a diverse network of organizations, services and programs to help Canadian SMEs develop and exploit technologies in the competitive, global, knowledge economy. Through expert technical and business advice, financial assistance, access to business information, contacts, and national and international networks, the program provides customized solutions to some 12,000 SMEs annually. IRAP's 260 Industry Technology Advisors (ITAs) are a unique resource, the focal point of one-on-one relationships with companies that extend for years.

About the National Research Council (www.nrc.ca)

The National Research Council (NRC) is the federal government's most powerful instrument for supporting scientific research, development and innovation in every region of Canada. NRC has Canada's best science and technology (S&T) knowledge and information infrastructure, the Canada Institute for Science and Technical Information (CISTI). NRC's labs, facilities and offices are found in most of Canada's major centres and in over 90 locations across Canada through its Industrial Research Assistance Program (IRAP).

About MODEL Technologies Inc.

Founded in 1994, MODEL Technologies Inc. is an Ottawa-based R&D company that develops technology and tools that enable organizations to evolve from information management to knowledge management. Our primary emphasis is on research and development of context and knowledge management products and applications.

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