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Press Release

November 23rd 2005

MESTRELAB RESEARCH SL and MODGRAPH CONSULTANTS LTD are proud to announce a long-term collaboration agreement with the objective to achieve an optimized integration Mestrelab's MestReC NMR processing package with Modgraph's NMRPredict prediction package.

Both companies are recognized as technological leaders in their respective fields and the planned integration will give potential customers access to a software package which will combine reliable predictions with a wealth of processing power and features, thus minimizing the time spent by the scientist in structural elucidation duties, and optimizing spectrometer, operator and laboratory scientist time and bring NMR closer to the final objective of structural elucidation automation.

As part of the collaboration all customers in academia who purchase MestReC will now receive, free of charge, a full working version of NMRPredict on a 90 day trial. At the end of the trial period they can then licence NMRPredict on an annual basis for a nominal fee.

Dr. Carlos Cobas, co-founder and President of Mestrelab Research SL, commented on the agreement: “We are very excited by the horizons opened by this agreement. We are fully conscious that structural elucidation by NMR represents one of the major bottlenecks in our customers´ workflow. Therefore, the objective has to be to continually optimize this process with the final aim of full automation in a very significant proportion of cases. We know that full automation will only be made possible by the combination of critically reliable predictions, which, to our knowledge, only the Modgraph package offers at present, with the processing power and processing automation which MestReC already offers and continues to drive towards. From a technical point of view, integrating with NMRPredict was made particularly easy thanks to their use of the SOAP communication protocol. We choose our partners very carefully and we are delighted to be able to announce that Modgraph Consultants Ltd have become one of them.”

Rashmi Mistry, Director of Modgraph Consultants, said “We are delighted about formalizing our relationship with Mestrelab. Our strategy has always been to concentrate on our core strengths and to partner with experts in their particular field. Our NMR customers need to not only predict but also to process their NMR data in one package. Mestrelab are clearly a market leader in NMR processing, with a tremendous reputation with their thousands of customers. We look forward to a long and profitable relationship with Mestrelab.”

Mestrelab Research SL is a scientific software development company based in Santiago de Compostela Spain, and founded in December 2004. The company’s activities are currently focused on the research and development of software for NMR and image processing applications. More information on Mestrelab Research go to www.mestrelab.com.

Modgraph Consultants Ltd. are an international software company based in Welwyn, UK and founded in 1993. They specialise in the pharmaceutical industry, offering software solutions in chemistry, cheminformatics and molecular modeling. For more information on Modgraph go to www.modgraph.co.uk.