24 September 2010: Bank of Ireland Kernel Capital Investee MPSTOR is delighted to announce that its cutting edge storage technology is now sold and distributed through Avid Technology, Inc (NASDAQ: Avid). The announcement was made in Cork by the Minister for Enterprise, Trade and Innovation, Batt O'Keeffe TD. The MPSTOR product suite is already receiving rave reviews from Hollywood film producers.

"The value and performance that I am getting from Avid's new VideoRAID solutions is nothing short of amazing. I have never used a drive that was so small and so fast. Now, I am able to work with five times the amount of HD footage with a smaller drive, for a fraction of the cost – which makes it an ideal solution for working on location, especially when you are dealing with a ton of HD footage," said Jeb Johenning, a partner at Ocean Video, Beverly Hills who used the drives on location for Hannah Montana – the Movie.

Avid creates video and audio production technology and is the world leader in nonlinear media creation for video, film, audio, and broadcast news. Avid technology enables filmmakers, broadcasters, recording engineers and other media professionals to make, manage and move media in a more creative, productive and profitable manner. In 2009, the top 10 highest-grossing movies in the U.S. including Transformers, Harry Potter and the Half Blood Prince and Sherlock Holmes were produced using one or more Avid solutions.

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For further information please contact:
Orla Rimmington, Operations Director, Kernel Capital.
Tel: +353 21 4928974 / Fax: +353 21 4928977

Notes to Editors:

About MPSTOR www.mpstor.com
Cork-based MPSTOR is a leading designer and supplier of innovative cutting edge storage components, enclosures, tiered storage server blades, and storage applications and management software. MPSTOR’s products and services are targeted to vertical markets such as video, healthcare and storage integrators. MPSTOR adheres to a partnering and OEM/Integrator business model.

About Avid www.avid.com
Avid creates the digital audio and video technology used to make the most listened to, most watched and most loved media in the world – from the most prestigious and award-winning feature films, music recordings, television shows, live concert tours and news broadcasts, to music and movies made at home. Some of Avid’s most influential and pioneering solutions include Media Composer, Pro Tools®, Avid Unity™, Interplay®, Oxygen 8, Sibelius® and Pinnacle Studio™. For more information about Avid solutions and services, visit www.avid.com, del.icio.us, Flickr, Twitter and YouTube; connect with Avid on Facebook; or subscribe to Avid Industry Buzz.

About Kernel Capital www.kernelcapital.ie
Kernel Capital and its associate Life Science investment firm Seroba Kernel have in excess of €190m under management in five separate Venture Capital funds, investing in ICT, Life Science and general seed and early stage investments. These funds are supported by Enterprise Ireland, Bank of Ireland, the University of Limerick Foundation and a range of other financial institutions. They have invested in Kernel Capital’s portfolio of 35 companies which collectively employ in excess of 600 people, had a 2009 turnover of €73m and have been granted 137 scientific patents. Kernel Capital and Seroba Kernel are committed to dynamic, innovative, knowledge based companies and have led almost €100m in investment over the past 12 months. These early stage intellectual property driven companies are located in Dublin, Limerick, Cork, Kerry, Galway, Wexford and the UK. Kernel Capital believe that it is an exceptional time for investment and anticipate a significant number of transactions for the remainder of the year.