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Microphonics Launches Breakthrough 'Ultraphonics Monitoring System'

13 September 1999

Microphonics Launches Breakthrough 'Ultraphonics Monitoring System' with the Tennessee Valley Authority

    NASHVILLE, Tenn.--September 13, 1999--Microphonics (OTC Bulletin Board:MRPS) (http://www.microphonics.com) has signed an purchase order with the Tennessee Valley Authority to supply a breakthrough technology which allows, for the first time, unattended and continuous monitoring of critical components. No longer do frequent, manual measurements need to be taken by field personnel. Instead key components and systems are tracked continuously 24 hours a day, 365 days a year. This represents a true advance in preventive maintenance.
    TVA will be the initial customer to implement the new system, called the "Ultraphonics Monitoring System", which consists of the Model 111RCK Ultraphonics Detector, equipment sensors, and proprietary software which enables the Model 111RCK to interface with the sensors attached to machinery or other equipment allowing monitoring on a computer or spectrometer.
    With this initial purchase, already completed, Microphonics will also instruct TVA trainers in the full use of this system at their Chattanooga Training facility. Upon completion of this instruction, the TVA trainers initially will then go out to multiple selected sites in their system to train lockmasters, engineers, and site maintenance personnel in the use of this Ultraphonics Monitoring System. Microphonics anticipates that each of these sites will purchase several systems. In all, TVA has some 247 major locations.
    Microphonics proprietary software, developed by its Soundlogic Division, is the core breakthrough for the new Ultraphonics Monitoring System. The user now can set "performance baselines" and "tolerance limits" for any equipment the sensors are attached to, such as turbines and electromechanical equipment for example, and monitor that equipment continuously. If a component exceeds those limits, an audible alarm instantly alerts personnel of an impending failure. The equipment can then be repaired quickly during routine maintenance periods before complete and expensive failure occurs. Unplanned downtime and unanticipated failures can virtually be eliminated, saving huge amounts of lost productivity.
    The software part of the Ultraphonics Monitoring System alone will sell for between $3,000 and $10,000 depending upon the complexity of the customer's needs and the number of equipment sensors required.
    "This first sale of the new Ultraphonics Monitoring System opens whole new market applications for our technology," stated Myles Izikoff, VP of Sales and Marketing. "Now, a variety of machinery outfitted with multiple sensors, will be able to be continuously monitored with our ultrasound technology, and though the software package, data acquisition and interpretation is possible. Preventive maintenance can now happen on a continuous basis. We believe Microphonics will help change the nature of diagnostic analysis and are already exploring further applications of the Ultraphonics Monitoring System with three major automotive related companies. This revolutionary development will add a significant revenue source for Microphonics with future sales of the Ultraphonics Monitoring System."
    TVA is the nation's largest wholesaler of electricity. TVA provides power to 64 large industries and 159 power distributors that serve about 8 million consumers in seven southeastern states. For more information : http://www.tva.com/abouttva/
    Microphonics is a leader in the design and manufacture of ultrasound preventive maintenance detectors, sensors, and software and has successfully installed its devices in dozens of companies in the automotive, oil, electric utility, trucking, and construction machinery industries.

    For more information on Microphonics: http://www.microphonics.com

    Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67 and provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expects," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.