Codenomicon gets prestigious Red Herring Award

I am absolutely delighted to inform you that Oulu company, Codenomicon Oy, headed by CHAFF Participant, CEO Isaac Sundarajen (from Madras), has won the Red Herring Award this year.

I just had an email from Isaac saying that he will be going to Cannes to receive the award.

Our heartiest congratulations to the entire Codenomicon team.

CODENOMICON WINS THE RED HERRING TOP 100 EUROPE 2007 AWARD

Award Recognizes the 100 “Most Promising” Companies

Driving the Future of Technology

CANNES, France – March 20, 2007 – Red Herring today announced that Codenomicon Ltd. is a recipient of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.

“This year’s impressive list of winners demonstrates Europe’s emergence as a major player in the global technology sector,” said Red Herring Editor-in-Chief, Joel Dreyfuss. “The exceptional accomplishments of European technology companies and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem.”

Red Herring’s lists of top private companies are an important part of the company’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

"We are pleased that our value proposition of delivering proactive pre-deployment security and robustness solutions for IP-based, Wireless, and Digital Media systems are being recognized worldwide," said Isaac Sundarajan, Chief Executive Officer at Codenomicon. "Both our customer success with Fortune 500 companies as well as being an honoree of this prestigious Red Herring award is a testament to our vision and technology."

Red Herring’s editorial staff rigorously evaluated more than 700 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

For more information contact:

Codenomicon Ltd Codenomicon Oy, Finland

Brenda Fox Kristiina Forsberg

Public Relations Public Relations

+1 408 393 9000 +358 50 5580 114

brenda@codenomicon.com kristiina.forsberg@codenomicon.com

About Red Herring

Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About Codenomicon Ltd.

Codenomicon develops and markets state-of-art software testing solutions for proactive elimination and prevention of security vulnerabilities for IP, wireless and digital media systems. The company serves industry-leading international telecom and internet companies. Codenomicon's DEFENSICS test solutions are available for a wide range of protocols and file formats. Codenomicon, the leader in security and robustness testing, is headquartered in Oulu, Finland, with offices in California and Hong Kong. For more information about Codenomicon and its products, visit the company’s web site at www.codenomicon.com .

Codenomicon Ltd. | Tutkijantie 4E | FIN-90570 Oulu | FINLAND | Europe

Codenomicon Ltd. | 101 Metro Drive | Suite 660 | San Jose, CA 95110 | USA|