CPL Technologies Inc.

CPL Technologies Inc.

January 26, 2006 14:43 ET

CPL Technologies Announces: Successful Start in the Europeans Operations and Changes in the Board of Directors

MONTREAL, QUEBEC--(CCNMatthews - Jan. 26, 2006) - CPL TECHNOLOGIES INC (TSX VENTURE:CCY) has announced today that after less than 3 months a first installation of C2 Enterprise software solution was made in Europe.

The Company and its Europeans Partner CPL Solutions S.A has completed successfully, in late December and in January, their first C2 Enterprise Software integration in Europe, a contract value of more than 90,000 Euro." This integration was deployed rapidly with success in a network installation different that the one we use to have in most of our Canadian customers showing the flexibility and the user friendliness of C2 Enterprise Software solution" said with pride, M. Jean-Claude Desaulniers.

This successful installation of our C2 Enterprise solution in Europe shows the reliability of our new partner and the opening of the Europeans market to our Customer Care software solution and will allow our partner to have an important customer reference in Europe.

Changes in the Board of Directors:

M. Jonathan Allaire an employee of the Company since 1999 was nominated as a director of the Company to represent the Workers Cooperative of CPL Technologies Inc. in replacement of Francine Hebert who has resigned from the Board on January 15th 2006. Mrs. Hebert has decided to accept a new career opportunity in the Vancouver Region and will no more be available.

"We are proud to add to the Board the expertise of M. Allaire as an Information Technology specialist and we are sure that he will be an important asset for the Board of Directors." said M. Desaulniers, Chairman of the Board.

M. Stephane Lauziere has decided to change his career orientation in a new line of business and consequently has resigned as vice-president and director of the Company. The Board has the intention to replace M. Lauziere in the next few weeks by an independent board director.

Those resignations were approved by the Board of directors on January 17th 2006.

Granting of stock options:

During the month of January, on the recommendation of the remuneration committee, the board of directors has approved the granting of stock options to M. Julien Lewis, CFO and M. Jean-Claude Desaulniers, CEO, on these conditions:

- M. Julien Lewis, CFO: granting of 50,000 stock options at an
exercise price of the market value of the common share plus
15%, on January 4th 2006 or 0.10$ , 25,000 stock options will
available for exercise only after October 1st 2006 and the
other 25.,000 stock option after October 1st 2007 and not later
than January 5th 2011;

- M. Jean-Claude Desaulniers, CEO : granting of 250,000 stock
options at an exercise price of the market value of the common
share plus 15%, on January 16th 2006 or 0.10$, those stock
options will be available for exercise only after January 1st 2007
and not later than January 17th 2011;

CPL Technologies is a recognized leader in request management solutions, for Customer Relationship Management (CRM) or internal support centers. CPL builds on extensive expertise and a thorough mastery of high-end development tools, focusing on integrating technologies that are constantly being refined to deliver superior customer care.

Other information about CPL Technologies Inc. is available on SEDAR (www.sedar.com).

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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