AXILICA WINS SUBSTANTIAL GRANT

AXILICA WINS SUBSTANTIAL GRANT

IPSO Ventures plc ("IPSO"), the creator of commercial value from technology, is pleased to announce that its investee company, Axilica Limited ("Axilica" or the "Company"), has been awarded a €495,000 grant (the "Grant") by the ENOSYS project.

The ENOSYS project, which commenced in February 2010, forms part of the European Commission's 7th Framework Programme for Research and Development. Its aim is to shorten time to market and to reduce design costs in the development of new electronic products.

The Grant to Axilica will be paid over a three year period and the Company has already received an initial payment of €233,000. This will be used to enhance Axilica's FalconML product and to provide the core synthesis technology that forms part of the ENOSYS design flow.

Axilica is one of only six partners invited to join the ENOSYS project. Other partners include the major commercial telecommunications, defence and multimedia businesses Thales Communications and Intracom Telecom who are entering into FalconML licenses.

Simon Hunt, Executive Chairman of IPSO, said: "Axilica's invitation to join the ENOSYS project reflects the value that these major commercial operators attribute to FalconML and the Company's capabilities. Participation in the project will significantly increase FalconML's commercial reach into new market segments and expedite the Company's access to major European customers."

Suresh Radia, Chief Executive of Axilica, added: "We are delighted to be working with such major partners to develop a state of the art environment for hardware/software co-design. The ENOSYS integrated tool chain addresses key challenges in the development of complex silicon processing platforms and Axilica is delighted to have been selected to provide the core synthesis engine for the project."

Further information, please contact:

Ipso Ventures plc: Tel: 020 7921 2990

Simon Hunt, Chairman [email protected]

www.ipsoventures.com

Ambrian Partners Limited Tel: 020 634 4712

Samantha Harrison [email protected]

Rawlings Financial PR Limited Tel: 01653 618016

Catriona Valentine [email protected]

www.rawlingsfinancial.co.uk

Axilica Limited was created by IPSO Ventures in September 2007. The Company is focused on the development of leading-edge behavioural synthesis solutions for the deployment of complex embedded systems. The Company's product, FalconML, enables the use of industry-standard SysML and UML modeling tools for the implementation of complex hardware devices, such as FPGAs and ASICs, within advanced embedded systems. FalconML synthesises UML models providing options for hardware-software co-design; for the generation of SystemC descriptions for fast system simulation; and for the generation of an RTL description in VHDL or Verilog for subsequent synthesis to a gate-level description.

For further information, visit the website: www.axilica.com.

About the ENOSYS project and FP7

The ENOSYS project aims to shorten time to market and to reduce design costs in the development of new electronic products. This is of prime importance to European companies seeking to increase their share of the competitive consumer electronics market, where the flexibility to move quickly to add distinguishing features, such as faster operation, lower power consumption or miniaturization, is paramount.

The ENOSYS project is part of FP7. FP7 is the current European Commission research programme which seeks to strengthen the scientific and technological base of European industry and to encourage its international competitiveness, while promoting research that supports EU policies.

For further information, visit the website: www.enosys-project.eu.