Waytronx Announces Preliminary Financial Results for the Quarter Ended September 30, 2008 

Continuing Synergies of CUI Acquisition Produce Significant Growth and $1.0 Million EBITDA  

TUALATIN, Ore. – October 30, 2008 – Waytronx, Inc. (OTCBB: WYNX), a leading provider of openly licensable advanced systems cooling solutions and its wholly owned subsidiary, CUI, INC., a provider of electromechanical components, today announced that its preliminary financial results for the quarter ended September 30, 2008, are significantly higher than reported for the same period last year.  

The Company expects that its revenue for the quarter ended September 30, 2008 will be approximately $8.5 million with an EBITDA of more than $1.0 million. Waytronx expects to issue a full report for the quarter ended September 30, 2008 on or before November 14, 2008.    These preliminary results represent the first full quarter of operations for these combined companies.  Combined non-GAAP supplemental disclosure follows this release.

William Clough, chief executive officer, stated, “When compared to last year’s annual results for CUI, wherein the company had approximately $25 million in gross sales with an EBITDA of approximately $1.7 million, these preliminary results for the third quarter demonstrate the efficiencies resulting from the acquisition.”   

Clough further stated, “Our ability to enhance operational efficiencies while maintaining 40%+ gross margins, coupled with an operating margin of almost 9%, is yet another example of our continuing efforts to streamline our business model, while maximizing profitability and increasing shareholder value.” 

Third quarter highlights include retirement of more than $500,000 in long-term debt; continued development of the WayCool CPU solution; final negotiations for an exclusive worldwide distribution agreement for the C14 encoder; and additional design wins for the Company’s proprietary encoder product from a top tier DC motor manufacturer and others. 

“The value of the EBITDA of $1.0 million is further increased by our pre-existing carry-forward tax losses, which made this profit effectively non-taxable and allowed us to fulfill our commitment to retire considerable long-term debt during the course of the quarter,” explained Clough. 

Clough concluded by stating that, “We decided to deviate from our normal practice and pre-announce revenues and EBITDA at this time because our financial performance far exceeded last year’s results and expectations. As a normal practice, investors should not expect us to pre-announce our results in the future.”

About Waytronx, Inc.

Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others. Utilizing its patented WayCool™ hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by “microwarming” in today’s advanced computing devices. The Company’s proprietary central and graphics processor solutions, solar energy cooling solutions and power supply cooling solutions deliver more cost effective and efficient thermal management to the industry. Waytronx changed its name from OnScreen Technologies in December 2007. Waytronx acquired CUI, Inc. in May 2008. 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/.

EBITDA is a non-GAAP financial measure and is reconciled to our GAAP net loss as follows:

 EBITDA does not represent funds available for management's discretionary use and is not intended to represent cash flow from operations. EBITDA should not be construed as a substitute for net loss or as a better measure of liquidity than cash flow from operating activities, which is determined in accordance with United States generally accepted accounting principles ("GAAP").

EBITDA excludes components that are significant in understanding and assessing our results of operations and cash flows. In addition, EBITDA is not a term defined by GAAP and as a result our measure of EBITDA might not be comparable to similarly titled measures used by other companies. 

However, EBITDA is used by management to evaluate, assess and benchmark the Company’s operational results and the Company believes that EBITDA is relevant and useful information, which is often reported and widely used by analysts, investors and other interested parties in our industry. Accordingly, the Company is disclosing this information to permit a more comprehensive analysis of its operating performance, to provide an additional measure of performance and liquidity and to provide additional information with respect to the Company’s ability to meet future debt service, capital expenditure and working capital requirements. 

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. 

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Media Contact:

Maggie Lefor

CUI

503-612-2300

info@waytronx.com

WayCool, WayFast, Waytronx and OnScreen are trademarks of Waytronx, Inc. Other names and brands are the property of their respective owners.