WAYTRONX ANNOUNCES AWARD OF MAJOR PRODUCTION, SALES & DISTRIBUTION LICENSING AGREEMENT WITH GL INDUSTRIAL SERVICES UK LTD

Contract valued at between $35.0 and $40.0 million 

TUALATIN, Ore. – August 10, 2009 – Waytronx, Inc. (OTCBB: WYNX), a leading provider of openly licensable advanced systems cooling solutions together with its joint venture partner, Test Products International, Inc. (“TPI”), today announced that it has signed an exclusive licensing agreement with GL Industrial Services UK Ltd (GL), formerly British-based Advantica Ltd, to manufacture, sell, and distribute its second generation Gas Quality Inferential Measurement Device (GASPT2).

The GASPT2, designed by GL, is a low cost solution to measuring gas quality.  It can be connected to a natural gas system to provide a fast, accurate, close to real time measurement of the gas physical properties, such as thermal conductivity, speed of sound and carbon dioxide content.  From these measurements it infers an effective gas mixture comprising four components: methane, propane, nitrogen, and measured carbon dioxide and then uses ISO6976 to calculate the gas quality characteristics of calorific value (CV), Wobbe index (WI), relative density (RD), and compression factor (Z)."

“The truth is that this is new, ground-breaking, technology.  At present, there is not really any equivalent product competition,” declared J. P. Aleskus, President of TPI.  “There are instruments like gas chromatographs, but they are slow and complicated to use.  An equivalent to the GasPT2 would likely be at least twice the price.  We would expect to be replacing gas chromatographs in the field with our new unit,” Aleskus said.

The license agreement between GL on the one hand and Waytronx and TPI on the other, calls for an estimated $35.0 to $40.0 million in gross revenues during the first four years.

Waytronx intends to set up a separate operating unit to coordinate manufacturing, marketing, sales, and distribution of the device.  Initial distribution will be through the infra-structure provided by Waytronx’s wholly owned subsidiary, CUI, Inc.  Shipments to customers will begin in first quarter of 2010.

Waytronx has been awarded exclusive rights to market and sell the product in North, Central, and South America.  The product (pictured below) is fully protected by more than 85 separate international patents held and enforced by GL.

Figure 1 – GasPT2
 
William Clough, Waytronx’s President & CEO, states, “GL, through its Advantica heritage, is recognized as an industry leader in the natural gas industry and Waytronx greatly values this relationship.” 

According to Clough, “We are delighted to announce this new product line, which is a milestone for Waytronx.  It is unique to the industry, providing for the very first time the ability to obtain ‘real-time’ accurate measurement of the calorific value and relative density of natural gas in the pipeline.” 

“This licensing agreement is yet another step towards Waytronx’s transition to a technology/licensing business model,’’ explained Clough.  “Our ability to continue acquiring technology from blue chip clients like GL in the current business climate is a testament to the strength and quality of our marketing team as well as our broad product and service offerings,” Clough added.

“We believe this new agreement puts us in an excellent position to capitalize on the infra-structure acquired with CUI, while increasing gross revenues and enhancing shareholder value,” concluded Clough.
 
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is developing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others, utilizing its patented WayCool™/WayFast™ hybrid mesh architecture.  In addition, through its acquisition of CUI in May 2008, Waytronx has developed the infrastructure, expertise, and platform necessary to acquire, develop, and commercialize new, innovative technologies.  Waytronx changed its name from OnScreen Technologies in December 2007. For more information, please visit www.waytronx.com. 

About CUI, Inc.
CUI, Inc. is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service.  CUI’s solid customer commitment and honest corporate message are a hallmark in the industry.  CUI is a wholly-owned subsidiary of Waytronx, Inc. For more information, please visit http://www.cui.com/.

About GL
GL is a world class technical assurance and consulting company for the energy industry. With over 6,900 employees in 80 countries, GL helps clients to deliver improvements in safety, reliability, performance and integrity throughout the asset lifecycle.  Its industry-leading software solutions, world class inspection and certification services, and expert staff can help clients maximise performance, minimise risk and ensure compliance of their assets. For more information, please visit http://www.gl-group.com/.  

To learn more please visit: http://www.tpi-thevalueleader.com/.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements.  The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products.  These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements.  Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.

Media Contact
Maggie Lefor
Waytronx, Inc./CUI, Inc.
503-612-2300