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9 June 2006


QED Intellectual Property Limited (QED) sells iFire Technology Corp.’s X-Ray Imaging Portfolio

QED is pleased to announce that it has successfully acted on behalf of iFire Technology Corp. on the sale of their x-ray imaging patent families to an undisclosed buyer for an undisclosed sum.

The patent portfolio provides improvements to direct conversion x-ray imaging panels.

Neil Muttock, CEO of QED, said: “We are very pleased to have been able to find a new home for this technology. I congratulate all involved in facilitating a positive outcome for both iFire and the buyer. This is a good example of how QED has been able to realise significant value from its clients’ non-core intellectual property assets.”


Background on iFire Technology Corp.
iFire Technology is a research and development company that has developed a flat panel display with low cost and high performance potential called thick dielectric electroluminescent (TDEL) technology. With superior video performance characteristics and a projected cost advantage over other flat panel display technologies, iFire’s proprietary TDEL technology is poised to become the affordable, high performance alternative for the mass consumer flat panel television market. iFire expects to commercialize its technology in partnership with major industry players, and plans to target the 30- to 45-inch screen size television segment in partnership with major consumer electronics companies. Additional information is available on the iFire website, http://www.ifire.com


Background on QED.
QED is part of Innovation Development Ltd and specialises in commercialising technology through partnering, licensing or sale. QED was originally the patent department of Thorn EMI, where the original intellectual property for the CAT brain scanner was developed. QED has a range of clients from large corporations such as British Telecom plc and Deutsche Telekom AG, through to small to medium sized companies and with whom QED works to evaluate and extract value from their intellectual property. Over the years QED has worked with various other intellectual property companies worldwide to widen its presence in the marketplace and expand its contact network, consisting of board-level contacts in all major fields of industry worldwide. In 2004 QED merged with Innovation Development Ltd, to further enhance its service offering - to prosecute intellectual property rights (IPR) using its in-house team of patent attorneys, and to manage and commercialise IPR across all fields of industry.


For further information please contact:

Emma Wilson
QED Intellectual Property Ltd.
T: + 44 (0) 870 351 1884


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