The Helical Corporation Inc.

The Helical Corporation Inc.

March 03, 2005 10:54 ET

Helical: Siemens and EIT Announce Verizon Network Upgrade


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE HELICAL CORPORATION INC.

TSX VENTURE SYMBOL: HSI

MARCH 3, 2005 - 10:54 ET

Helical: Siemens and EIT Announce Verizon Network
Upgrade

HALIFAX, NOVA SCOTIA--(CCNMatthews - March 3, 2005) - The Helical
Corporation Inc. ("Helical") (TSX VENTURE:HSI) announced today that its
wholly owned subsidiary EIT Inc. ("EIT") has been notified by its
partner, Siemens Communications ("Siemens"), that Siemens has signed a
contract with Verizon under which Siemens will upgrade all of the DCO
switching systems currently deployed in Verizon's public telephone
network throughout various regions of the USA. Siemens did not disclose
the value of this contract from Verizon but the work entails upgrades to
approximately 70 DCO switching systems. "This is very exiting for EIT "
stated Peter Lyons, President and CEO. "EIT will be undertaking all of
the installation work for Siemens for this project, and I estimate it to
be worth about $350,000, with the contact work completed in the May-June
2005 timeframe" continued Lyons.

About Helical and EIT Inc.

The Helical Corporation Inc. through subsidiary Helical Systems Inc.
(www.helical.ns.ca) is the developer of a revolutionary software
platform for Very Large Data Base (VLDB) management. The advanced
capabilities of the software allow for the acquisition, visualization,
fusion, management and archiving of near limitless quantities of data in
real time at the desktop level. Helical is focused on licensing the
Helical Software Platform to first tier OEMs such as IBM, Dell, HP and
ESRI.

Through subsidiary EIT Inc., Helical provides engineering and
installation (voice and data) services to major Telecommunications
manufacturers such as Siemens. In addition the company provides
engineering, furnish and installation services to major
telecommunications service providers including Verizon, Sprint,
Bellsouth and many of the Independent Operating Companies (IOC).

About Siemens

Siemens Communications is one of the largest players in the global
telecommunications industry. Siemens is the only provider in the market
that offers its customers a full-line portfolio, from end-user devices
to complex network infrastructure for enterprises and carriers as well
as related services. Siemens Communications is the world's innovation
leader in convergent technologies, products and services for wireless,
fixed and enterprise networks. It is the largest Siemens group and
operates in more than 160 countries around the world. In fiscal 2003
(September), its 60,000 strong workforce generated sales of about 17
billion euros.

More about Siemens at http://www.siemens.com/communications

The Helical Corporation Inc, at present, has 52,015,442 common shares
issued and outstanding.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    The Helical Corporation Inc.
    Mr. Lowell R. Weir
    President and Chief Executive Officer
    (902) 492-2211
    (902) 492-2242 (FAX)
    lowell.weir@ns.aliantzinc.ca
    or
    EIT Inc.
    Mr. Pete Lyons
    President & CEO.
    (407) 302-3159
    (407) 302-9238 (FAX)