SOURCE: TZ Limited

February 15, 2006 12:20 ET

TZ Limited Subsidiary Expands Ukrainian Operations to Meet Growing Demand for Services

CHICAGO, IL -- (MARKET WIRE) -- February 15, 2006 --Product Development Technologies (PDT), a global product design and development services firm and subsidiary of TZ Limited (ASX: TZL), announced today that it has expanded its operations in Lviv, Ukraine, to meet growing demand for its services.

"As we expand our global footprint, our Lviv office has proven to be a perfect strategic fit," said Mark Schwartz, CEO of PDT. "It provides us not only a rich source of engineering talent, but also additional process and cost efficiencies. With operations around the world, we can effectively work around the clock to meet our clients' needs."

Strategically located next to Lviv Polytechnic, Ukraine's oldest technical university, the PDT Lviv office employs more than 40 experienced professionals with capabilities in software engineering, tool engineering and mechanical and electrical engineering. PDT-Lviv's current development projects include applications for wireless e-mail devices, as well as next-generation software for TZ's ground-breaking, Intelligent Fastening Technology (IFT).

In addition to the U.S. and Ukraine, PDT maintains operations in Oxford, United Kingdom.

About PDT

Product Development Technologies (PDT), acquired by TZ Limited in March 2005, is a global, full-service product design and development firm with 130 employees in six offices worldwide. Headquartered in the Chicago area, PDT has expertise in a full range of product development disciplines, including design research, industrial design, user interface development, electrical and mechanical engineering, software development, laser scanning, and tooling. PDT's award-winning product designs have been recognized by BusinessWeek, the Industrial Designers Society of America, The Consumer Electronics Association, Inc. Magazine, Chicago Athenaeum of Architecture and Design, and Parametric Technologies Corporation. For more information, visit

About TZ Limited

TZ Limited (ASX: TZL) is a leading intellectual property and technology development company specializing in proprietary embedded intelligent systems. Headquartered in Chicago, Illinois, the company leads the world in Intelligent Fastening Technology, a new standard for the design, assembly and servicing of products that will completely change the dynamics of manufacturing. TZ Limited's unique, innovative technologies enable the introduction of new-generation processes to product design, engineering, tooling and prototyping that will revolutionize product development in the 21st Century. TZ Limited has a proven capability in technology licensing, and in leveraging its valuable intellectual property through strategic commercialization partnerships with major industry leaders. For more information, visit

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