Montreal, Quebec, May 17, 2006 — Nstein Technologies Inc. (“Nstein”) (TSX-V: EIN), a leader in text mining and multilingual information access solutions, today announced the signing of a contract with Siemens Business Services for the deployment of its solutions at the British Broadcasting Corporation (the “Corporation”), one of the world’s premier broadcasting organizations, headquartered in London, UK. Nstein was selected for the supply and implementation of its information access technology. Siemens will provide additional implementation, hardware procurement and project management services.
Siemens Business Services is the transformation partner of the media industry. In September 2004, the Corporation awarded Siemens Business Services a 10-year contract to provide outsourced technology services to the broadcaster worldwide and to acquire BBC Technology. Siemens now provides all technology services for the Corporation and its subsidiaries.
Nstein’s text mining, indexing and taxonomy management solutions have been procured to assist the Corporation in managing indexing processes within its national television and radio archives and applying indexing to impressive volumes of content from various multimedia outputs.
“Large organizations face the ongoing challenge of maximizing the value of their vast content assets. Nstein is very pleased to have been chosen to assist the Corporation with this most complex and challenging task,” stated Mario Girard, Chairman and Chief Executive Officer, Nstein. “Along with assisting content-driven companies to repurpose and monetize their digital assets, Nstein’s solutions also significantly enhance the search & retrieve experience of their knowledge workers, partners and customers.”
Nstein’s text mining and information access technology will be used within the broadcaster’s current cataloguing processes in conjunction with its voluminous thesauri that include more than 800,000 precoordinated terms.
About Nstein Technologies
Nstein Technologies (TSX-V: EIN) develops and markets leading-edge software solutions for analyzing vast amounts of unstructured data in virtually all languages. Nstein’s linguistic-based platform collects, organizes, analyzes, cross-examines, shares and translates data from any source, in real time. Nstein’s text mining and multilingual information access solutions transform reactive decision-making into a high-impact proactive and even predictive process, and solve mission-critical problems. Nstein has developed tailored solutions for clients in e-publishing and homeland security & intelligence markets, as well as for large enterprises and government organizations. The Company is headquartered in Montreal, Canada, with offices in the United States and Europe. More information is available at www.nstein.com.
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For more information:
Nstein Technologies Inc.:
Investor Relations
Robert Barakett
Executive Vice-President and Chief Financial Officer
Nstein Technologies Inc.
Tel: 514 908-5406
robert.barakett@nstein.com