SOURCE: SepiaWave, LLC

May 19, 2008 10:00 ET

Alex Smith, Rannoch Corporation Co-Founder, Joins SepiaWave

Aerospace Veteran to Lead Strategy and Investment for Communications Technology Company

SEATTLE, WA--(Marketwire - May 19, 2008) - SepiaWave, LLC announced today that Alex Smith has been appointed Managing Director of the Seattle-based communications technology company. Mr. Smith brings more than 20 years of demonstrated leadership, research and innovation in market-changing technologies that have significantly advanced the aviation and aerospace industries.

As Managing Director, his responsibilities will include market analysis, strategy development, research investment and product development to commercialize technologies that aim to improve network efficiency, bandwidth management and digital integration for the personal communications, automotive and consumer electronics industries.

Previously, Mr. Smith was Chairman of the Board of Directors of Era Corporation and CEO of Rannoch Corporation, where he spent more than a decade pioneering the use, acceptance and adoption of real-time flight tracking and aircraft identification technologies to dramatically improve the performance, accuracy and safety of global air traffic, airport and military surveillance operations.

"This position with SepiaWave presents a unique opportunity to address many of the technology implementation barriers that face our transportation and communications market segments," said Alex Smith. "I look forward to applying my experience with air traffic management systems to improve the performance of other network-based data systems and building strategic partnerships with our industry stakeholders."

SepiaWave is dedicated to enhancing the performance and throughput of existing and new communications technologies. Through industry partnerships and extensive investment in technology research, the company excels in innovation and has developed a significant portfolio of intellectual property. SepiaWave is owned by the Swift Group, a Delaware-based technology investment company. For more information, please visit www.sepiawave.com.

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