The reward for being first with an innovation is
potentially a lot greater.

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"The combination of our technical
expertise in the electronics industry and the depth of our experience in
patent licensing and litigation makes Chipworks the first choice for reverse-
engineering and analysis.

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http://www. Burgess leads the team that works closely with
customers needing Chipworks' technical expertise to help them benchmark
themselves against their competition .
Neal Stansby, previously Chipworks' director of Research and Development
has been promoted to vice president, Core Capabilities. Chipworks develops high value,
meticulously researched, on -time reports presented in a format that is easy to
understand and tailored to customer needs. Headquartered in Ottawa,
Canada, the Company has offices worldwide.

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,
writes in the June issue of Risk & Insurance magazine.

A few of the products and services financial companies have either recently
patented or applied for a patent include an integrated system for the
administration of an insurance company; a system for underwriting a
combined joint life and long-term care insurance policy which is
actuarially responsive to long-term care demands and life expectancies of
the individual insureds; creating incentives and insurance offerings to
encourage use of seat belts in vehicle; and an insured warranty system for
covering loan repayments in the event of disability.

We have built our organization based on what our customers tell us they need,"
says Julia Elvidge, president, Chipworks.com for more
information.

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"The trend could ultimately change the insurance industry, which has
traditionally been a follow-the-leader market.com. The lines of business - Patent Intelligence and Technical
Intelligence - reflect the two distinct customer bases that Chipworks serves. Prior to Tundra she was a
senior member of the Zarlink Semiconductor business development and product
management team. Customers look to Chipworks' technical expertise to help
protect their intellectual property and get their products to market faster
than their competition.

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OTTAWA, ON, May 16 - Chipworks Inc.

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Henry,
co-chair of the IP transactions group at Wolf, Greenfield & Sacks, P.

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Today's increasingly competitive market environment means that cost, time-
to-market, protecting intellectual property and market awareness have a direct
impact on profit.

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C.chipworks.

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The full article can be read at
http: //www.

Chipworks expands organization to align with customer base

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PRESS RELEASE Patenting New Financial Products a Fast-Growing Trend Wolf Greenfield Lawyer Writes

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"The new structure reflects two different customer profiles and demands.
In addition to technical expertise, Chipworks also maintains the world's
largest parts collection, including historical devices that date back to the
beginning of semiconductor manufacturing, through state- of-the-art memories,
microprocessors , telecommunications chips, and analog/linear devices.

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"The game has changed.

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. Adam's team helps law
firms and IP groups around the world protect and defend their intellectual
property or generate revenue streams from their patent portfolios.

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"Insurers, investment bankers and money managers are increasingly patenting
aspects of policies and their administration, pricing and underwriting , as
well as innovative financial products and services," Steven J.com/050601_riskreport_1.

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riskandinsurance . Web: www.

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Now, companies that don't
innovate and patent their products may find themselves shut out of markets
by those who do," he adds.wolfgreenfield.

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. Stansby oversees
the key technical and information capabilities required by Chipworks' Patent
and Technical Intelligence lines of business .
For more than 12 years, Chipworks has helped semiconductor and
electronics organizations achieve their goals by supporting research and
development efforts and patent portfolio management . Visit http://www.

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wolfgreenfield.

Founded in 1927, Wolf Greenfield is one of the most experienced law firms
in the country specializing in intellectual property law, including
patents, trademarks , licensing agreements, copyrights, trade secrets and
related litigation., ("Chipworks") the
industry leader in reverse engineering and analysis of semiconductor chips and
systems, today announced a new organizational structure designed to cultivate
close customer relationships and nurture a more intimate understanding of
customers' needs for competitive technical intelligence and patent licensing
support. Mr.

About Chipworks

Chipworks is an internationally recognized technical services company
that analyzes the circuitry and physical composition of semiconductor chips
and electronics systems for applications in patent licensing support and
competitive study.

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. Wendy previously worked for Tundra
Semiconductor as a director of Product Management.

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PeopleSoft and Medco Health Solutions have
something in common with AIG and Lincoln National Life: each has at least
one US patent with the word "insurance" in at least one of its claims.com

Automation, a landmark 1998 court decision, and the opportunity for profit
are driving the trend toward patenting financial vehicles, Henry writes.

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Industry veteran, Wendy Burgess joins Chipworks as vice president,
Technical Intelligence.

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Steven Adam, previously Chipworks' vice president of Sales has been
appointed vice president of Patent Intelligence. In
addition, the Company has one of the industry's most comprehensive technical
information resource centers that includes reports, journals, patent
information and technical articles dating back to the 1960s.

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The approach of being a follower just became a
lot riskier," Henry concludes. Chipworks' technical experts use sophisticated lab
facilities and a rich library of in-house semiconductor data and expertise to
conduct detailed chip and system analyses.