Letter from LizardTech CEO, Carlos Domingo

Hello once again. Three months ago we resumed our quarterly LizardTales newsletter to begin building a solid bridge of communication between LizardTech and our customers and partners. I welcome you to the Q2 2004 issue of LizardTales where we will continue delivering valuable and timely information about new products and recent activities happening at LizardTech.

This quarter, we have started to unveil our JPEG2000 strategy for GeoExpress. For the past 10 years, LizardTech has been the leader for wavelet compression technology in the geospatial market with our MrSID technology now the de-facto standard compressed image format within the geospatial industry. Therefore it was a natural move for LizardTech to begin incorporating the emerging ISO standard JPEG2000 into our products. The first step has been the release of a new SDK for compressing and distributing geospatial imagery that supports both MrSID and JPEG2000. Next, LizardTech announced a partnership with Galdos Systems, Inc. to significantly extend the capabilities of JPEG2000 by jointly developing an ISO standard for geospatial metadata in GML through the Open GIS Consortium (OGC) consensus process.

On the document imaging side, LizardTech had a wildly successful presence at the 2004 AIIM Conference and Exposition in New York City where we had the chance to present our new strategy of focus on the color scanning market with our DjVu technology where we have started to see a lot of traction recently.

The next few months we are going to continue with the renewed activities and initiatives that we began following the acquisition of LizardTech by Celartem Technology, So, please stay tuned for more announcements and interesting news.

Regards,

Carlos Domingo