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Internav Staff Joins Ascension to Develop Next-Generation Tracking Devices

Burlington, VT (USA), February 17, 2003: Motion tracking manufacturer Ascension Technology has added 75 man-years of magnetic tracking expertise to its company by hiring the entire staff of Internav, Inc. an Essex Junction, Vermont company which dissolved at the end of 2002.

Established in 1997, Internav developed highly innovative magnetic tracking devices for use in minimally invasive medical procedures. In its five years, the company developed a number of custom tracking solutions for their medical clientele. Internav’s work significantly advanced the state-of-the-art in magnetic motion tracking, especially the development of miniaturized sensing technologies and corrective techniques for overcoming metallic distortion.

For Ascension, the availability of the Internav team represented a golden opportunity to rapidly increase its skill sets for developing new tracking devices. Ascension already holds a commanding lead worldwide in marketing patented DC magnetic tracking devices for the medical arena. Its trackers are widely used to capture ultrasonic image planes for making 3D images of organs, to guide instruments to targets within the human body, and to provide viewpoint control in medical training devices.

“Our goal is to develop new tracking products that can be used anywhere by anyone at any time.” said Ascension president, Ernest Blood. “The track record and proficiency that the Internav team brings to the table will help us get there. We are confident of great contributions from each of them.”

Said Internav president Mark Schneider, “Internav is pleased to have its technology and experience merged with that of Ascension’s. We have respected one another’s work for years while using up precious resources to achieve similar aims. Now we’re all in the same boat, rowing together. The synergism in joining forces will enable Ascension to take giant steps forward in developing new magnetic tracking technology for the future.”

Ascension Technology Corporation in Burlington, Vermont develops magnetic, optical, and inertial motion-tracking solutions for 3D computer-graphics applications in military targeting systems, simulation, virtual reality, biomechanics, animation, and medicine. For more information, visit www.ascension-tech.com

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For Immediate Release

Contact: Jack Scully (802) 893-6657 or e-mail: jscully@ascension-tech.com

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For inquiries, call (802) 893-6657 or e-mail ascension@ascension-tech.com.