Pingar Announces Major R&D Funding With University of Wales

Pingar announces UK launch and new research collaboration with University of Wales

LONDON, November 11 - Pingar, the New Zealand software company that has developed the next
generation 'intelligent' search solution, will today announce at a private
reception in the House of Commons that a major R&D project had been signed
with the University of Wales and New Zealand's University of Waikato.

The Prince of Wales Innovation Scholarships (POWIS), managed by the
University of Wales, is providing funding for a University of Waikato
postgraduate to work as placement PhD student on a research project for
Pingar in Wales for up to three years. The aim of the project is to place
doctoral researchers within participating businesses to help develop their
innovation capacity. This will be achieved by having each scholar undertake
key research projects, supported by international and national academic
supervisors, to support the innovation potential of the selected business.

John Beer, Co-Founder of Pingar said the collaborative research
announcement today was an important part of the ongoing development of
Pingar's search capability.

"Pingar recently launched its advanced search capability at the Microsoft
SharePoint Conference in Las Vegas. We received an overwhelming response,
leading to a big uptake from major global resellers and other key users in
government and industrial sectors. Pingar's ongoing commitment to further
enhance the functionality of our search engine algorithm means that we will
actively pursue collaborative R&D ventures like this one with the University
of Wales," says Beer.

In short, Pingar changes the face of mainstream search. Pingar's solution
goes inside data documents, finds the content the user is seeking and then
places it into a dynamically generated PDF document, rather than just
presenting a list of links like the traditional search model.

"In Las Vegas, Pingar demonstrated how its product increased worker
productivity in the enterprise search space. It generated real interest by
delivering an improved quality of search result in seconds; resulting in
significant cost savings for the enterprise," says Beer.

Ieuan Wyn Jones, Welsh Assembly Government Minister for the Economy and
Transport, has welcomed the high level investment in R&D that will be taking
place in Wales.

"Pingar, which recently established its European Research and Development
facility in Swansea, is a technology led company with high growth potential
working in a key sector and the announcement concerning this international
research collaboration is excellent news."

Professor Marc Clement, Senior Vice Chancellor of the University of Wales
says that they are delighted to be jointly working with the University of
Waikato in New Zealand to research advanced algorithms for the Pingar search
engine.

"We are very pleased to collaborate with Pingar and the University of
Waikato to develop additional research that takes the company's technology
further as a world-class, leading application," says Professor Clement.

Lord Merlin, the 24th Earl of Erroll and Pingar's UK Advisory Board
Chairman welcomed Pingar's UK launch at the House of Commons. Derek Wyatt, MP
will host the launch and key members of both the UK Government and Opposition
will attend. New Zealand's UK Trade Representative Michelle Templar and other
New Zealand UK High Commission officials will also attend.

"We are delighted that so many senior members of the Welsh and
Westminster Parliaments are attending. It is a ringing endorsement for how
well-regarded Pingar is and the importance of the company to the overall UK
economy and wealth creation in areas likes Wales," says Lord Merlin.

About Pingar

Established in 2006, Pingar has developed the next generation Publishing,
Advertising and Aggregation platform which enables online users to save time
and money in acquiring valuable dynamically generated personalised reports.
The Pingar platform also enables Content Owners to monetize their premium
content and Advertisers to realise increased ROI through sophisticated and
auditable targeting and tracking.

Rather than searching for documents that contain all the keywords in a
question and listing them, Pingar finds the documents that contain the
answers, abstracts the relevant content from each document and then creates a
new single document containing the answer. Pingar has called this Dynamic
Publishing.

In Feb 2009 Pingar strengthened its partnership with Microsoft by joining
the Metro and Azure programmes, both will provide Pingar with improved access
to both online and offline Microsoft resources. The Metro programme is an
exclusive early adoption programme designed to help Microsoft partners and
customers access the resources and support available to build upon and extend
the latest Microsoft products and technologies.

For more information, please visit: www.pingar.com

John Beer, Co-Founder of Pingar, mobile +44-7899-756021, or Julien Leys of JML Communications, +64-9-358-2828, or mobile +64-21-655-598, for Pingar