Terry Sydoryk was most recently the Vice-President of Marketing & Product Management for CSI Wireless' Telematics Division. He joined CSI in October 2004 following 18 years of experience with other high-tech companies, including Nortel Networks. Mr. Sydoryk is the former COO of Plazmic Inc., a Toronto-based start-up that developed Java technology solutions for the wireless handheld market that was later acquired by Research in Motion in December of 2001. Before Plazmic, Mr. Sydoryk was co-founder and Vice President of Marketing and Business Development for AudeSi Technologies, a Calgary-based start-up involved in embedded technology for Web appliances and Web phones that was also later acquired by Wind River Systems of Alameda California in 2001. He was a significant participant in the sourcing of venture capital and sale of Plazmic and AudeSi, which generated significant returns for the investors. Prior to AudeSi, Mr. Sydoryk held several senior positions at Nortel, in the areas of product management, business development and finance. He has a BSc in Mechanical Engineering and an MBA from the University of Alberta in Edmonton.

Sean Krakiwsky, President and CEO states: "The fact that we've attracted such a seasoned candidate is a testament to Acceleware's early success, and we're certainly very happy to have him on board. Given the exciting business prospects and challenges we face, it's a great fit from Terry's perspective as well. Terry's skills and experience will greatly enhance our ability to execute our strategic plan. As we scale our business into a phase of accelerated growth, Terry's job is to ensure that we keep firing on all cylinders".

The Corporation has agreed, subject to regulatory approval, to grant Mr. Sydoryk an aggregate of 200,000 options to acquire common shares of Acceleware, having an exercise price of $0.42 per share and expiring on September 27, 2011.

About Acceleware

Acceleware develops and markets hardware acceleration products used to reduce the run-times of High Performance Computing (HPC) applications such as cell-phone design, seismic data processing, printed circuit board design, drug discovery, nanophotonic communications device design, reservoir simulation, lithography mask design, and others.

Acceleware products are distributed by Computer Aided Design (CAD) and Computer Aided Engineering (CAE) software companies to end-users at the world's largest organizations in a wide range of industries. A simulation that would have otherwise taken eight hours, may only take 15 minutes with Acceleware's v2.0 generation of products. Acceleware has identified the following markets for its technology: electromagnetics; energy; biomedical imaging; fluid dynamics; pharmaceuticals; industrial; and military.

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