Kaye joins Centice founders to lead company's development and growth

Research Triangle Park, NC - October 26, 2004 - Centice Corporation, developer of the computational sensor, announced today it has named Steve Kaye as Chief Executive Officer. Kaye brings a wealth of business experience to Centice and will lead key initiatives in the advancement of the company.
"Steve brings relevant leadership skills and operating experience to our world class technical team," said Steve Fredrick, partner, Novak Biddle Venture Partners a lead investor in Centice Corporation. "I'm confident his talents will lead to the company's continued success."

"Centice has established an early lead in the emerging market for computational sensors. This exciting new technology has the potential to make a positive impact in areas ranging from biomedical research to infrared imaging to homeland security," said Kaye. "The underlying power of this technology, to enable discovery, and their outstanding technical team quickly attracted me to Centice."

Prior to Centice, Kaye served as president of privately-held GTCO CalComp, which he led to become the world's leading provider of large format position-sensing systems, including high performance digitizers and digital whiteboards. During his tenure, GTCO experienced a record 10 straight years of increased earnings and three highly successful acquisitions.

Kaye has also served as vice president of corporate development for CIENA Corporation, where he was responsible for acquisitions, strategic investments and partnerships. Earlier in his career, Kaye worked in marketing at Hewlett-Packard's workstation division and was an electrical design engineer at Westinghouse's Defense Electronics Center.

Kaye joins the experienced executive management team at Centice, which is comprised of the company's original co-founders, all experienced engineers affiliated with the Duke University Fitzpatrick Center.

Michael Sullivan, Vice President Operations - Mr. Sullivan has a background in optical engineering and consulting within the medical device, telecommunications and aerospace industries with over 18 years of optical sensor development and program management experience. His previous experience includes Manager of Duke's Fitzpatrick Center and a Research Associate in the Department of Electrical and Computer Engineering, product management and development roles for early stage companies OptXCon, Retinapharna Technologies, Animas Corporation, Cytometrics, and Karl Storz Imaging. Mr. Sullivan has received numerous industry and academic awards including the Hughes Fellowship and Photonics Circle of Excellence Award. He received his B.S. in Physics from UCLA and an M.S. in Acoustics from Pennsylvania State University.

Prasant Potuluri, Chief Technology Officer - Prasant Potuluri has been developing computational sensor technology for the last four years in collaboration with David Brady. He has focused on efficient sampling strategies for motion detection, 3D imaging, wavemeters and compressively sampled spectrometers. Potuluri received his B.Tech degree in Engineering Physics from the Indian Institute of Technology Bombay, an M.S degree in Electrical and Computer Engineering from the University of Illinois at Urbana Champaign, and a PhD in Electrical and Computer Engineering from Duke University. His dissertation was titled " Multiplex optical sensors for reference structure tomography and compressive spectroscopy". Potuluri founded and served as the president of the Duke chapter of the Optical Society of America.

David Brady, Consultant and Chief Technical Adviser - David Brady is the Director of Duke University's Fitzpatrick Center for Photonics and Communication Systems and Addy Family Professor of Electrical and Computer Engineering at Duke University. In addition to founding Centice, Brady was a founder of Distant Focus (a camera networks startup). He has published more than 50 peer-reviewed articles on optical information science and is the Information Systems division chair of the Optical Society of America (OSA) and a topical editor at Applied Optics. He was a David and Lucile Packard Foundation Fellow from 1990 through 1995 and was recently named a Fellow of the OSA for his work on computational optical sensors. Brady earned M.S. and Ph. D. degrees in applied physics from Caltech and a B.A. in physics and mathematics from Macalester College.

About Centice
Formed in September 2003 and based in Durham, N.C., Centice develops computational "smart" sensors for use in analytical and biomedical instruments, process spectrometers, imaging equipment and position-tracking systems. Centice smart sensors enable these products to discover more through improved resolution, sensitivity, selectivity, specificity and speed - all in low cost, very compact sizes. Visit http://www.centice.com for more information.

Press Contact
Marie Farrar - DBC Public Relations Experts
Marketing and communications
Phone: (202) 298-7600

Company Contact
Steve Kaye
President/CEO
Phone: (919) 490-1000

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