Technolink News Letter

Many of the United Statesâ large industries from the second half of the 20th Century are facing a great need for change to compete in today's global marketplace. We can no longer work in our "silo" world of traditional development and innovations. We must be fluid in our movement for growth and expansion to look beyond our own walls and create a new path. Are we passing on to the next generation the characteristics of compassionate and effective leaders, and giving them strong internal foundations to be able to expand these ideas into the global marketplace? Are we sharing the teachings and inspirational characteristics of the freedom to dream and create, expanding our introspective knowledge base to become innovators with no boundaries, and to grow and lead a family, business, community, state or nation? Have we been too busy in our quest for monetary gains to consider these important points? Or have we, as Americans, become too complacent, assuming our next generation understands the foundations of Americaâs freedom to build and grow beyond oneâs imagination·.

ÊÊÊÊ The greatest challenge we are facing today is to overcome our global image of an ãentitlementä society that is losing its creative and innovative edge to those around us. Yet, I believe we can change our course and continue to grow as an economically sound nation.Ê In closing, the question I ask each and everyone of us· Has the ãworld become flatä or have we not shared the legacy of this great nation with our next generation?Ê

I invite all of you to reach out to the next generation--become a mentor, a friend and a leader, and share the freedoms and unique perspectives of the great life fulfilling experiences one will gain as a compassionate American Leader·

Warmest Thoughts: Ssusan Forte OâNeillÊÊÊ

Jet Propulsion Laboratory (JPL) in Pasadena, California had a successful launch on April 28, 2006 of CloudSat (Cloud-Aerosol Lidar).Ê CloudSat will reveal the inner secrets of clouds and aerosols, tiny particles suspended in the air. The launch was from Vandenberg Air Force Base, California. For more information visit: http://www.jpl.nasa.gov

Steering The Course for the New Frontier· With the ever-changing landscape of todayâs engineering workforce, new Technolink Associationâs Principal Member, Daryl Pelc, Chief Engineer of The Boeing Company in Anaheim, has taken a proactive approach as a forward-thinking leader to ensure the flow of quality engineering talent into his organization. In 2006 alone, he has taken recruiting trips to historically minority institutions such as Florida A&M University and the University of Puerto Rico at Mayaguez. At these meetings, Pelc has been searching for today's bright minds to be future industry leaders.Ê He searches for young leaders who, because of their diverse backgrounds, will be more productive in the development of critical thinking and creative viewpoints that will contribute to the leading-edge workforce that will determine the future of aerospace. For more information on The Boeing Company ð 562.797.2020 ð www.boeing.com

ÊÊÊÊIt has become very common in todayâs world to conduct business on the Internet. Furthermore, many more companies are doing business on an International scale by having distributors, dealers, or branch offices in foreign countries including the European Union (EU). There are now 25 EU countries and the list continues to grow.

If your company is collecting personal data of individuals in the EU, that data is subject to very stringent protection requirements that are set forth in the European Union Data Protection Directive. Unlike the

US, all such data about an individual belongs to the individual and the individual has the right to determine how his or her information is used.Ê Improper use of this information subjects the user to criminal sanctions.Ê The Directive applies to the processing of the personal data, including the collection, recording, organization, storage and use of information relating to an identified or identifiable natural person. Such information is usually name, address, social security number, credit card number, etc., but it can also be contact information such as a cell phone number. Anyone processing such data must institute policies and practices that comply with the Directive. The US Department of Commerce and the EU have negotiated Safe Harbor principles that if complied with assure that the Directives requirements are met. To obtain information about these requirements, visit www.export.gov/safeharbor.

For More Information and discussions on this topic please visit;
BILLY A. ROBBINS, Esq. Fulbright & Jaworski L.L.P.
brobbins@fulbright.comÊ
P: 213.892.9310 ðÊ F: 213.892.9494

ANGEL FUND INVESTMENTS ARE ON AN UP TICK FOR THIS YEAR·

California Technology Ventures (CTV) has been seeing a lot of success with their medical device investments.Ê In some cases, nanotechnologies and advances in materials science have enabled more effective solutions in terms of patient outcomes and of a physician's ability to provide service in a timely and cost effective manner.Ê In all cases, success is highly dependent upon management focus and ability to execute.Ê

New investments are being funded through a new fund, CTV II, a $100 million fund.Ê

Investments to date in this fund include:
InSound Medical - a creator of next generation hearing solutions.Ê http://www.insoundmedical.com/
Kiyon - a software company enabling high bandwidth 802.11 mesh networking for business
automation and consumer applications http://www.kiyon.comÊ
SurgiQuest - a new approach to minimally invasive surgical access through the use of an "air curtain."

We continue to look for new investment opportunities in early stage information technology and life science.Ê For more information, please see CTVâs website www.ctventures.com or contact:

Dorothy Pavloff, Managing Director at 626.351.3700 or by e-mail at dorothy@ctventures.com

Technological innovation created from our universities has driven the local, regional and global economies for the past 50 years. Our government has funded this academic research at a comparable level to that of the industry sector.Ê However, less than 5% of this government-funded research creates consumer products. Why is this commercialization rate so inadequate? The mixing of innovative science with good business strategies is a high-risk venture for most early stage companies.Ê Turning new concepts into viable commercial products can be a time consuming and costly experience.Ê

In America and especially in Southern California, the opportunity for entrepreneurs to be mentored and funded by the pre-venture capital community, something often called ãAngel Investors,ä has been well established over the past ten years.Ê These investors play an important role in the flow of ideas into products.Ê Angels enhance the rate of success; by supplying funding for testing these concepts; determining the feasibility of manufacturing the product and carefully defining the customer/market.Ê The venture capital community will then have the ability to partner with this start-up company to effectively launch the product into the market.Ê This process for creating a profitable business enterprise will lead to better return on investments.

BIOCATALYTICS OPENS THEIR WHOLLY-OWNED EUROPEAN SUBSIDIARY

Pasadena-based BioCatalytics, Inc., a leading provider of enzymes for the synthesis of pharmaceutical products, announced the creation of a wholly-owned European subsidiary. The grand opening was held on May 10, 2006 in Grambach, Austria, just outside the city of Graz. In his remarks, BioCatalyticsâ President and CEO Dr. David Rozzell said, ãBioCatalytics plans to revolutionize the field of White Biotechnology,ä focusing on new applications of enzymes to produce a wide range of pharmaceutical raw materials.

BioCatalytics currently produces the worldâs largest product line of enzymes used for the synthesis of drugs and drug metabolites. In addition, BioCatalytics offers an extensive array of services using enzyme technology.

Patrick Leier recently retired from his position as Superintendent of the Pomona Unified School District (PUSD).Ê PUSD has been a long-time member of the Technolink Association and is one of the largest school districts in the state.Ê Under the leadership of Mr. Leier, the district has gained the reputation as one of the most innovative and cutting-edge technological K-12 educational models in the country. Mr. Leierâs vision for the district was to create public and private partnerships that would develop technological tools to enhance the ãtraining cultureä of educating the workforce for the 21^st Century.Ê

Mr. Leier leaves behind a noted legacy that truly is preparing the students of PUSD to be future leaders and vital candidates to engineer our future workforce. ÊÊÊ Mr. Leier recently wrote ·ãPomona Unified School District has benefited by its involvement with Technolink. From a personal perspective,I would like to thank Ssusan for her continued commitment, support and passion for furthering the opportunities for our students to successfully engage in a "flat" and competitive world.ä

We would all like to wish Mr. Leier the best on his future endeavors to continue his mission of investing in tomorrowâs leaders, our youth for today·

California's Economy. The Governor's pro-growth policies have revitalized California's economy, and allowed the state to remain the centerpiece and leader of the national economy. In 2005 alone, more than 350,000 jobs were created and the state's unemployment rate dropped by 1.4 percentage points, according to the state Employment Development Department. This is the lowest level of unemployment in five years. The Unemployment Rate Has Fallen To Its Lowest Level In Five Years.Ê At the

end of last year, the state's unemployment rate sat at about 4.9 percent, its lowest level in five years.

Riverside: From November 2003 to November 2005, the Riverside-San Bernardino Area saw an increase of over 113,000 jobs, which equals 10% growth;Ê Los Angeles: Unemployment for Los Angeles County fell by a dramatic 42% while Governor Schwarzenegger has been in office, and Orange County's unemployment rate in January 2006 sat at just 3.6%.

TECHNOLINK ASSOCIATION

Message from the Editor

TECHNOLINK ASSOCIATION ð MEMBERS MAKING THE NEWS