January 15, 2005 - Albany, NY and Dallas, TX

Pinebush Technologies, Inc., the leading developer of high performance printing and plotting software for semiconductor, CAD, GIS, A/E/C, and other technical markets, and The Shearwater Group, a leading distributor of EDA tools, announced the renewal of their more than 14-year partnership for the worldwide distribution of Pinebush’s industry standard HyperPlot and HyperXpress products.

“We are pleased to continue out partnership with Pinebush to market and sell HyperPlot and HyperXpress. We are proud to have helped HyperPlot become established as the de facto industry standard for plotting IC designs, and we look forward to continued success in other technical markets with HyperXpress,” said Shearwater’s CEO George Chandler.

“For over 14 years, we have had a highly successful association with The Shearwater Group. We are thrilled to continue the partnership, enabling us to focus on our core technological strength,” said Robin Warren, Director of Operations of Pinebush Technologies, Inc.

Few software applications in EDA have achieved the acceptance of the worldwide I.C. Design community to such a great degree as has HyperPlot. With its tens of thousands of users, HyperPlot is truly a standard in all areas of the world for the plotting of I.C. design data. Through very high quality standards and rigorous stress testing, HyperPlot is a product that enables the user to rest assured that this small but difficult task in I.C. design will not take resources away from other critical parts of the design process.

About The Shearwater Group, Inc.
The Shearwater Group is the leading worldwide distributor of Electronic Design Automation (EDA) software applications. Established in 1991, the company maintains offices and distribution in all of the major integrated circuit design regions worldwide. Our offices provide our customer base of over 500 chip companies with superior sales and support coverage conveniently in the local language.

About Pinebush Technologies, Inc.
Pinebush Technologies, Inc., located in Albany, NY, is a worldwide leading developer and supplier of high performance visualization printing and plotting software for semiconductor (EDA), IC, CAD, GIS, A/E/C, engineering, mapping, scientific, and other technical applications.

Contacts:

The Shearwater Group, Inc. George Chandler President/CEO +1.214.397.0040 george@shearwater.com

Pinebush Technologies, Inc. Robin Warren Director of Operations +1.518.452.0927 x12 info@pinebush.com