26 February 2010: Bank of Ireland Kernel Capital Investee MPSTOR, is delighted to announce that its technology which is sold and distributed through it's strategic partner US-based AIC has been qualified by Avid Technology, Inc (NASDAQ: Avid). Avid is the world leader in nonlinear media creation for video, film, audio, and broadcast news, producing Industry Standard Solutions that help filmmakers, broadcasters, recording engineers, and other media professionals make, manage, and move media - more creatively, more productively, and more profitably. This qualificiation followed a period of rigorous testing by Avid engineers.

Commenting on the announcement, William Oppermann, MPSTOR Director said, "The Video editing and capture market is a strategic vertical market for MPSTOR. Storage for this market is driven by performance at the right cost, our storage software MPStackware has all the attributes to be the first choice for the Video editing and capture industry."

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For further information please contact:

Orla Rimmington, Operations Manager, Kernel Capital.
Tel: +353 21 4928974 / Fax: +353 21 4928977