Cleveland Investors Sense an Opportunity

ComSense Technology Inc Receives Investment

for MEMS Sensor

Cleveland, Ohio, April 26, 2005 - ComSense Technology Inc has attracted an initial $575,000 seed investment from a consortium made up of Cleveland's JumpStart Inc and ShoreBank Enterprise Group. ComSense will use this investment to continue its already substantial new product development, and to build its sales and support network.

ComSense' patented MicroElectroMechanical Systems (MEMS) sensor — which measures the instantaneous pressure of combustion inside a diesel engine — is a key element in engine control technology. The sensor uses a nano-thin film of shape memory alloy to operate comfortably in the harsh, high temperature environment inside a diesel engine. As part of an overall engine combustion control system, data from the sensor is used to improve performance and fuel economy while simultaneously reducing harmful smoke and pollution from tailpipe emissions.

Sales of the new products will begin this year. Robert Chalfant, the President of ComSense, predicts that ComSense' revenues will grow exponentially over the next two to seven years in this largely untapped space. “The level of market penetration of these sensors in the transportation industry is much less than one percent of its potential,” says Mr. Chalfant. “In-cylinder pressure sensors have only begun to scratch the surface.” Additional software will also be offered that allows the sensors to communicate with a central node, sending data to external monitoring and control applications.

"As we develop the market, we will need to hire engineers, technicians, support personnel, salespeople, administrative staff and manufacturing experts." Chalfant added. "I am grateful to both JumpStart and ShoreBank for their selecting our company and allowing us to contribute to Cleveland's growth."