Circon Systems Corporation News

RICHMOND, BC - Circon Systems Corporation, a LonMark® Partner and manufacturer of integrated facility automation systems, announced the LonMark 3.3 Certification of its Site Management Controller (SMC-300). The SMC-300 complies with LonMark interoperability guidelines and is designed for use in open, multi-vendor, interoperable LonWorks® networks.

With easy to configure alarm management and dial-out software the SMC-300 is a cost-effective platform to capture, prioritize and queue alarms for devices on a local LonWorks network. The SMC-300 will dial out and route alarms to local or remote computers or pagers based on the priority, alarm type and schedule.

RICHMOND, BC - Circon Systems Corporation (www.circon.com), announced today the return of Steve Floth and Sean Kennedy to its expanding sales team. Steve and Sean, who were key members of Circon's sales team while the company was dynamically expanding its integrator customer base, have returned to Circon based on strong assessments of the growth potential and workplace excitement that have been unlocked by Discovery Capital's financial and management commitments to the company. Discovery Capital Corporation acquired control of Circon on August 25, 2003.

Richmond, BC - Circon Systems Corporation (www.circon.com) is pleased to announce the purchase by Discovery Capital Corporation of GE Capital's majority interest in the company. Discovery Capital (www.discoverycapital.com -- TSX:DVY.V) is a public company that specializes in acquiring and growing technology businesses. A strong believer in Circon's people and technology, Discovery Capital was one of the principal supporters of the company in its early growth years, and maintained and increased its investment in Circon after control was acquired by General Electric in 2000. Discovery Capital has now committed its financial and management resources to ensuring Circon's long-term stability and full realization of its growth potential.

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