SOURCE: UTEC, Inc.

March 22, 2007 06:00 ET

LYON Capital Announces Its Name Change, New Trading Symbol UTEI and the Acquisition of Worldwide Technology for the Total Destruction of Hazardous Chemicals and Biologicals in Furtherance of Its

Growth Plans for 2007

FOX ISLAND, WA -- (MARKET WIRE) -- March 22, 2007 -- Lyon Corporation (PINKSHEETS: UTEI) (previously LYCV) -- The NEW management team, headed by Dr. Fortunato Villamagna, Ph. D., CEO of Lyon Capital Ventures, announces its new trading symbol, UTEI, and has approved the Name Change of the Company to UTEC, INC. effective immediately, as it better reflects the Company's current business models growth and future development. Dr. Fortunato Villamagna announced that Lyon Capital Ventures / UTEC, Inc. has acquired from the internationally recognized CERAMATEC, INC., a Utah Corporation with head offices in Salt Lake City, a Worldwide License for the exclusive use of CERAMATEC's know-how and pending patents related to Plasma Oxidizer Technologies, for the total destruction of hazardous chemicals and biologicals.

About Plasma Oxidizer Technologies

The oxidizer unit uses low energy plasma to oxidize organic compounds in the presence of oxygen creating essentially carbon dioxide and water vapor. The system is compact, economical and easy to use. Pilot-Demonstration models of the units as well as full scale systems are being designed. Dr. Villamagna stated, "...Once on the market, we anticipate that the waste destruction units will provide significant cost savings and safety improvements to customers, and make significant contributions to UTEC's top and bottom line growth."

The waste destruction system will add a third leg to UTEC's current business strategy, complementing the existing energetic materials and chemical distribution businesses, expanding and strengthening the company's business. Additional personnel will be added to the company to fully commercialize the new technology; the waste destruction system will utilize many of the existing business and technical processes, minimizing operating costs and new capital requirements.

In depth market studies are currently underway to refine the commercialization strategy, and fabrication facilities are being identified.

About CERAMATEC http://www.ceramatec.com/

Ceramatec is focused on the development of innovative products and new businesses in the fields of advanced materials and electrochemistry. The company is engaged in several Major Areas of Research and Development and is recognized internationally with an Extensive Patent Portfolio covering its achievements in solid-state and aqueous ionic-conducting ceramic materials.

Ceramatec's distinguished Technology Development Capabilities have been proven with a wide range of projects ranging from concept development to pilot line production. Ceramatec focuses on developing innovative products and new businesses in the fields of advanced materials and electrochemistry. The company is recognized internationally for its achievements in solid-state and aqueous ionic-conducting ceramic materials. Areas of expertise and interest ranging from concept development to pilot line production include:

--  Extensive Patent Portfolio
--  Major Areas of Research and Development
--  Technology Development Capabilities
    
About Lyon Capital Ventures / UTEC, Inc. Technology:

Over the past 50 years, the UTEC Laboratory has been involved in the research and development of successful commercial explosive products for use by the worldwide mining industry. These efforts have normally revolved around commercializing these explosive products for their production and marketing by affiliated domestic explosive companies as well as licensees in a number of foreign countries. The Laboratory has obtained 17 US and foreign patents to cover its explosive technology, which mostly involve watergel slurry types of commercial explosive products. In the past ten years, many of the Lab's efforts have been devoted to developing effective methods for recycling surplus military energetic materials into successful commercial Blasting Agents.

Detonation Characteristics Testing:

UTEC operates a destructive test-site for conducting detonation characterization tests on various types of both commercial and military explosive products and initiation systems. These tests are conducted on a contract basis for other domestic and international explosive manufacturers, as well as the consumers of these explosive products. The military explosives normally involve performing testing services as sub-contractors to DOD contractors.

Analytical Testing:

UTEC operates an analytical, which is commonly used to evaluate various explosive product compositions and explosive raw materials. These services are normally performed in support of UTEC's explosive manufacturing licensees, as well as other explosive manufacturers and users.

Hazards Safety Testing:

The UTEC Laboratory has the capabilities of conducting a number of the hazards classification tests, which are described in the UN "Recommendations on the Transport of Dangerous Goods Manual of Tests and Criteria" and the DOD Mil-Std 1751A. These tests are normally conducted for eventual regulatory classification of explosive materials and products as well as energetic assemblies used in the automobile safety device industry.

Over the past five decades UTEC's high standards and reliability have allowed the company to develop a premier status with all of its customers, and strong long-term commercial relationships as a result of its focus on dependability and excellence. In some instances UTEC has even been sub-contracted by competitors due to its expertise in a number of key and proprietary areas. For example, UTEC is the only facility in the United States that has the capability to perform large-scale underwater energy tests. UTEC's cost structures are also lower than those of its largest competitors, allowing the company to provide excellent value to its customers.

UTEC's customers include the top multinational commercial explosives producers, the top U.S. commercial explosives producers, and either directly or through subcontracts, UTEC's services have been used by the Department of Defense, Department of Transportation, the Bureau of Alcohol Tobacco and Firearms and other government agencies. UTEC's customers also include multinational automotive air bag manufacturers, and UTEC has been a subcontractor on a number of demilitarization programs.

Key strengths and some of the short-term goals of the UTEC organization include:

--  Expansion of fundamental and applied research & development of new
    commercial explosives products and formulations.
--  Increasing the testing of explosive products for domestic and
    international manufacturers and users, as well as munitions
    manufacturers.
--  Supporting and expanding technical support for UTEC licensees,
    including the supply of raw materials.
--  Developing new explosive formulations based on available demilitarized
    explosive materials, especially smokeless powders.
--  Conducting United Nations and DOT testing for classification of
    explosive materials for all customers.
--  Expanding contract work with propellant manufacturers to develop the
    use of certain surplus composite rocket propellants in commercial
    explosives.

Fortunato Villamagna Ph. D.,
CEO of Lyon Capital Venture Corp
For The Board of Directors and Management
"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

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