AXYS Technologies, Inc. (AXYS) announces TRIAXYS™ with Currents buoy to improve tanker berthing safety

August 15, 2008

AXYS Technologies Inc. (AXYS) has been awarded a contract from Metocean Services International (MSI) of South Africa to supply a TRIAXYS™ with Currents buoy.The buoy will provide wave and current data to tankers approaching a conventional buoy mooring (CBM) facility, which is anchored offshore and serves as a mooring point for tankers to offload oil products. Armed with environmental data at their fingertips, ship captains will have the ability to make mission critical decisions quickly, thereby improving safety at sea and knowledge of environmental conditions around the CBM. In addition, company engineers, pipeline construction managers, work crews, and regulatory authorities will be able to access buoy data via AXYS' proprietary WaveView™ software.

TRIAXYS™ with Currents is a rugged, lightweight data collection buoy. The 0.9m diameter solar-powered instrument collects, processes, stores and transmits wave & current information to a shore base station in near real time. The buoy features an integrated Nortek Aquadopp Acoustic Doppler Profilers (ADP) that obtains detailed current profiles through the water column.

Terms of the sale are confidential and have not been provided.

The buoys will be air freighted to the client in late 2008. MSI will undertake the deployment and servicing of the buoy.

AXYS Technologies Inc. designs, manufactures, distributes and maintains remote environmental data acquisition, processing and telemetry systems. For further information, please visit www.axystechnologies.com or contact AXYS at: info@axys.com

Metocean Services International (Pty) Ltd (MSI) brings together a management team with over 30 years of experience in the offshore oil and gas industry. Not only does MSI aim to provide the industry with an alternative metocean service provider, but by utilizing the latest state of the art equipment and providing professional, cost effective global solutions, they continue to work towards becoming a supplier of choice. For further information, please visit www.metoceanservices.com

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For more information, contact:

Silvana Bhondi,
Global Marketing Coordinator
AXYS Technologies, Inc.
(250) 655-5860 or sbhondi@axys.com