CEO of MEMS Manufacturer is up for the title of Ernst & Young Entrepreneur of the Year

EDMONTON, ALBERTA – July 13, 2008 - Micralyne Inc.'s Chris Lumb, CEO of the leading independent MEMS manufacturer, has been selected as a finalist for the Ernst & Young Entrepreneur Of The Year® Award for 2008 in the category of Biotechnology & Technology.

Ernst & Young announced the finalists for this award on July 3rd, 2008. The Entrepreneur Of The Year Awards honour the spirit and contribution of entrepreneurs here and around the world. This year, the Canadian program is proudly celebrating a milestone anniversary - 15 years of honouring the country's most impressive entrepreneurs from all areas of business.

Under the direction of Chris Lumb, Micralyne has been able to maintain an outstanding track record of growth and profitability in the MEMS industry where growth is rare. "I am thrilled to be named a finalist for the Ernst & Young Entrepreneur of the Year award" said Chris Lumb, "reaching the finalist list reflects on the great dedication of the entire Micralyne staff working towards our success"

This year the awards will be handed out on Tuesday, October 21, 2008 at the Telus Convention Centre in Calgary, Alberta.

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About Micralyne Inc.
Micralyne, an independent MEMS foundry, develops and manufactures MEMS (Micro-Electro-Mechanical-Systems)-based products. MEMS technology enables industrial components to be significantly smaller, faster and less expensive. Micralyne's micron-scale solutions (1 mm = 1000 microns) are found in automotive emission sensors, optical switching technology, microfluidic lab-on-a-chip medical devices, and commercial press equipment.