Real Time Measurements Inc.

Real Time Measurements Inc.

October 27, 2005 17:07 ET

RTM One Step Closer to Commercializing DataTrak

CALGARY, ALBERTA--(CCNMatthews - Oct. 27, 2005) - Real Time Measurements Inc. (TSX VENTURE:RTY) (the "RTM") Mr. Terry Matthews, President of RTM, is pleased to announce that RTM has entered into an Industrial Research Assistance Program (IRAP) Contribution Agreement with National Research Council Canada (NRC).

NRC and RTM have agreed that NRC will contribute up to a maximum of $119,400 towards the costs incurred and paid by RTM in conducting the Research and Development work necessary to develop RTM's groundbreaking DataTrak technology platform.

NRC contributions will cover a period of one year. Actual contributions are calculated monthly using a formula based on 50% of the payroll costs associated with a newly hired team of designers who will be assigned the DataTrak R&D effort.

Mr. Matthews said; "This is an exciting important step forward in the development of RTM's new technology platform. We are grateful to NRC for their generous support in helping us work towards making DataTrak a successful commercial reality. This project is not just about developing a technology platform; we are also developing an effective design team."

About Real Time Measurements Inc.

Based in Calgary, Alberta for almost ten years, the company has been in the business of providing downhole sensor-to-desktop services, electronic instrument rentals and data processing services to oil and gas service companies and producers. Management believes the Corporations' exclusive proven SDO service represents a re-engineering of the downhole pressure surveying business. The company has begun the development of an exciting new technology platform called DataTrak. Management believes DataTrak will significantly enhance RTM's already existing service lines and enhance the company's ability to take advantage of a wide range of domestic and international growth opportunities.

Trading in the securities of RTM should be considered highly speculative.

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The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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