Exterity Completes Funding Round

15 July 2003

Exterity launches first iSocket product and announces further funding round to support delivery of technology to hotel market

Edinburgh """ July 15, 2003 """ Exterity Limited, Rosyth based audio/video (AV) networking company, today announced that it had completed a ??430,000 funding round supported by existing investors, the Scottish Enterprise Business Growth Fund and the DTI under the Small Firms Loan Guarantee Scheme. This funding enables Exterity to deliver its range of iSocket products to the hotel and hospitality market, to establish a commercial presence in the south of England and to increase staffing by 50%.

Commenting on the funding, Colin Farquhar CEO of Exterity said, "The market for AV networking is set to explode. We??A?A?A?ve spend the last 9 months exploring market opportunities ranging from delivery of hotel services to rooms over IP, through retail broadcast and on to multi-room access to AV in the home. There is clear evidence that AV content delivery over IP networks will revolutionise both the way we access information and entertainment, and the way we??A?A?A?re targeted as individuals by advertisers. Completion of this funding is a key step towards the iSocket becoming the easy way that AV appliances are attached to networks".

About Exterity
Exterity iSocket products make it possible to plug audio/video (AV) appliances directly into IP. These devices are set to revolutionise the way we access information and entertainment content. The first application is the hotel room where the iSocket is the point of delivery of high-quality digital TV, information, premium entertainment services and broadband internet access for the business traveller.

Exterity is based in Rosyth, Scotland.

Press Contacts
Colin Farquhar
Chief Executive Officer

Exterity Limited
Rosyth Europarc Business Innovation Centre
15 Cromarty Campus
Rosyth Europarc
Fife, EH1 3LH
Scotland

t: +44 1383 427621
m: +44 7867 510357
e: colin.farquhar@exterity.co.uk