Nstein enhances its software offering with a next-generation search technology

2006-12-13

National Research Council's breakthrough technology to catalyze the power of Nstein's text analytics for content management, business intelligence and information access solutions

Montreal, Quebec, December 13, 2006 - Nstein Technologies Inc. "Nstein" (TSX-V: EIN), a leader in text analytics and multilingual information access solutions, today announced the signing of a 10-year technology license agreement (TLA) and a three-year collaborative research agreement (CRA) with the National Research Council of Canada (NRC). Under these agreements, Nstein will commercialize a search technology initially developed by NRC under the name "Factor" and ensure its ongoing development at a joint lab with NRC. Factor is a next-generation search technology capable of detecting and decoding relationships between facts and entities tagged by Nstein's advanced text analytics tools in documents and unstructured information.

Factor sets the standard for a new information discovery and retrieval experience. By making semantic searches customizable and interactive, it leverages the power of linguistic-based text analytics like no other technology can. Factor acts as a magnifier of Nstein's capabilities, creating a relational layer that identifies links between facts (business acquisitions, hirings, financial statements, etc.) and entities (people, geographic locations, currencies, etc.). For example, a user can quickly zero in on "What investments have American companies made in European companies over the last 3 years". Factor's and Nstein's technologies, able to differentiate the nature of words and their relationship, would return a strategically narrowed-down list of meaningful results. In contrast, mainstream search engines, which do not have these differentiation capabilities, would generate countless hits only based on keyword matching and requiring a great deal of time and effort to sift through.

"NRC undertook a thorough due diligence process prior to partnering with Nstein," stated Randall Milburn, Business Development Officer at the National Research Council of Canada. "Not only does Nstein have a very robust and advanced text analytics solution, but they also have a seasoned team of business and technology people able to use Factor's potential to its fullest. We look forward to working with them." As part of the CRA agreement, Joel Martin, NRC Group Leader, Interactive Information, will also be acting as Nstein's technical advisor on the framework linking the NRC's and Nstein's respective technologies.

Mario Girard, President and Chief Executive Officer of Nstein said: "NRC's technology will be a tremendous help in leveraging Nstein's text analytics for content management, business intelligence and enterprise search solutions. It brings Nstein's vision of search-driven business intelligence to the next level by making knowledge workers" interaction with our technology really intuitive. Customized fact-finding in the finance, pharmaceutical and other industries will therefore no longer rely on a series of complex and often unsuccessful queries. Together, NRC's and Nstein's technologies are poised to generate the most sophisticated yet user-friendly information access solutions on the market." 

About the National Research Council of Canada

Recognized globally for research and innovation, NRC is a leader in the development of an innovative, knowledge-based economy for Canada through science and technology. NRC operates world-class research facilities as well as information, technology and innovation support networks coast-to-coast. Its outstanding people help turn ideas and knowledge into new products, processes and services, creating value for Canada. NRC works hand-in-hand with partners from industry, government and universities to help ignite the spark of innovation in communities across the land and to give Canadian companies a competitive edge in today's marketplace.

About Nstein Technologies

Nstein Technologies (TSX-V:EIN) develops and markets leading-edge software solutions for analyzing vast amounts of unstructured data in virtually any language. Nstein's text mining and information access solutions transform reactive decision-making into a high-impact proactive and even predictive process. The Company is headquartered in Montreal, Canada, with offices in the United States and Europe. More information is available at www.nstein.com.

• The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
• Any statement that appears prospective shall not be interpreted as such.

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For more information:

Nstein Technologies Inc.:
Investor Relations

Bruno Martel
Chief Financial Officer
Nstein Technologies Inc.
Tel: 514 908-5406
bruno.martel@nstein.com