Lotek Wireless Inc.

1. Lotek Wireless Inc.

2. “ Increasingly, the evidence points to an alarming conclusion: the sea, the cradle of life, may be dying. Can Lotek help? You bet we can. We believe that the animal knows best. We are dedicated to developing advanced equipment and analytical techniques that, when placed on free ranging wild animals and fish, provide the world with the knowledge required to scientifically validate and assess the environment — from the perspective of the animal. ” From a speech given by Jim Lotimer, co-founder and President of Lotek Wireless Inc., at the University of Waterloo on June 7, 1999 Lotek Wireless Inc. Monitoring the Environment from the Animal’s Perspective TELEMETRY: The highly automated communications process by which measurements are made and other data collected at remote or inaccessible points and transmitted to receiving equipment for monitoring, display, and recording. (Encyclopædia Britannica)

3. Lotek Wireless’ core purpose is to deliver innovative solutions for a sustainable future. Fish and wildlife around the world are in danger: their food, water, habits and habitats are increasingly disrupted by human activities. Lotek creates technological innovations to protect our environment and its inhabitants. Our systems equip creatures with the means to tell us about their health and the health of their habitats.

4. We’re passionate about the environment. Lotek is a partnership of engineers, biologists and manufacturers devoted to furthering environmental sustainability. Sustainable development seeks to meet the needs and aspirations of the present without compromising the ability to meet those of the future. By equipping fish, birds and animals with biotelemetry devices, we gain new insights into their lives and into the health of the environment. These insights inform the decisions of today’s scientific researchers, resource managers and other stewards of the environment. Lotek furthers environmental sustainability by equipping animals with the means to report back from the wild about their health, their habits, and their habitats.

5. We succeed through partnerships. With our clients • Our inventions are often a response to their research needs. • Our systems are “field proven” by clients who test our prototypes and beta versions. Within our own team • Biologists, engineers and manufacturers. With many other partners • With governments, schools, consortia, investors, suppliers and other companies Since 1984, Lotek Wireless innovations have been changing the way that biologists track fish and wildlife. What makes our innovations possible? Above all, we attribute our success to our many partnerships:

6. PARTNERSHIP PROFILES Sustaining the Pacific Northwest Fishery Over 400 dams throughout the Columbia River Basin Most hydroelectrically developed river system in the world Supplies almost half of America’s power Also provides flood control and irrigation to the area’s farmland Stocks of salmon and other fish down to 1-2% of historical levels Billions of dollars spent on environmental research on the Columbia Many dams have now added fish passage systems For over 15 years, Lotek has partnered with many of the Columbia’s federal and state agencies, Public Utilities Districts, native tribes and other stakeholders These partnerships have resulted in some of our most innovative telemetry solutions, e.g., SRX, DRX, DSP, NanoTag These innovations can benefit other dams as well; over 45,000 large dams worldwide

7. PARTNERSHIP PROFILES Seeing the Big Picture at Queen’s University’s New Ecological Observatory Partners: Lotek, Queen’s University Biological Station, Carleton University, Illinois Natural History Survey (U. of I.) Established Observatory as a centre for exchange between academic and industry experts Pioneer site for international data exchange and analysis Have already gathered 2 years’ worth of daily data on a group of largemouth bass at Warner Lake MAP system captures precise 3-D location & water temperature of each individual bass, every 15 seconds, 24 hours/day, 365 days/year This continuous “data movie” of fine scale interactions provides valuable information to scientists from many different disciplines Intent is to make data available for researchers in other universities and countries to analyze as well

8. PARTNERSHIP PROFILES Unlocking the Secrets of the Ocean with Dr. Barbara Block Dr. Block is professor in Marine Sciences, Hopkins Marine Station of Stanford University & one of the founders of its Tuna Research and Conservation Center Her research investigates how large pelagic fishes utilize the open ocean environment Provided crucial feedback to Lotek about the beta versions of the LTD 2310 archival tag Feedback was instrumental in helping to improve the tag’s sensor stalk, firmware and tag reader software Has pioneered use of LTD 2310 to gain valuable new insights into tuna migration & populations. Revealed that what were previously thought to be two separate schools of tuna, one in the Mediterranean and the other on the east coast of North America, are in fact one single school that migrates across the Atlantic Is using Lotek archival tags to help provide some of the best ocean observation data available in the world today

9. We design high quality, innovative products. How do you judge the quality of a product? If you’re a wildlife researcher or manager, you know that when it comes to animal monitoring systems, it’s all about the data. Our customers rely on our systems to make informed and often far-reaching decisions about the environment We understand their need for reliable monitoring devices, and work hard to prevent the costly consequences that system failure would incur To create electronics that are simultaneously sensitive and tough, we: • Use software simulations and computational modeling • Apply stringent engineering specifications and industry standards • Calibrate and monitor for quality at each stage of assembly • Perform burn-ins and temperature cycling to expose faults, stabilize components and ensure resilience

10. TECHNOLOGY PROFILES Radio Radio waves transmit information rapidly and for long distances in air and fresh water Radio biotelemetry uses transmitters to send signals and receivers to detect them Traditionally, different animals’ radio signals were made unique by varying either their frequency or their “beeping” rates • Lotek radio innovations include: • Introduction of the digitally encoded radio tag, allowing detection of hundreds of tags on the same frequency • Miniaturization of radio tags, e.g. NanoTag • Species tracked:Fish, birds, mammals and amphibians of almost any size, from tiny salmon smolts to full-grown elephants • Product examples:Transmitters (Fish): NanoTag, MCFT, MBFT, EMG, & SR sensorsTransmitters (Wildlife): LMRT, SMRCReceivers: SRX 600, SRX 400, STR 1000, DRX 600

11. TECHNOLOGY PROFILES Acoustic Acoustic signals are used to monitor fish and wildlife in marine (salt water) habitats Sound travels more than 4X faster in water than in air, allowing near real-time listening over long distances Acoustic biotelemetry uses transmitters, receivers and hydrophones • Lotek acoustic innovations include: • MAP System, which uses CDMA coding to allow simultaneous detection of countless unique individuals on a single frequency • Also has ability to discern tags reliably in acoustically noisy environments • Species tracked:Wide variety of marine species, including salmon, trout, plaice, cod, crabs, sea turtles, many others • Product examples:Transmitters: MAP, CAFT, MA sensorsHydrophones: WHS, LHPReceivers: MAP 600, SRX 600, SRX 400

12. Researchers normally use radio in fresh water, and acoustic in salt or deep water Innovative solution required to track fish that move back and forth between fresh and salt water, or between shallow and deep water “Double-tagging” not always possible, especially for smaller species TECHNOLOGY PROFILES Combined Acoustic & Radio • Lotek innovation: • CART tag — “Combined Acoustic Radio Transmitter” • Sends both types of signal at regular intervals • Digitally encoded signals allows detection of hundreds of tags on same frequency • Product examples:Transmitters: CART, CH sensorsHydrophones: WHS, LHPReceivers: SRX 600, SRX 400, MAP 600

13. TECHNOLOGY PROFILES Archival Data storage tags sense and record the conditions that they travel through Pressure readings reveal water depth, and light measurements allow calculation of latitude and longitude Can take readings every 4 seconds, collect data for years, & work at depths of 2000 meters and temperatures as low as -5° C • Lotek archival innovations include: • Unsurpassed light sensitivity to ensure accurate geolocation estimates • “Pop-off” mechanism to facilitate recovery • Species tracked:Examples include tuna, salmon, cod, plaice, sharks, sablefish, lake trout, turtles, penguins, albatross and platypuses • Product examples:LTD 1100, LTD 1110, LTD 2350, LTD 2410

14. TECHNOLOGY PROFILES Satellite Animal collars equipped to use the Global Positioning System (GPS) and/or the Advanced Research and Global Observation Satellite (Argos) Programmed to take positional snapshots at numerous pre-defined intervals all day long Collars keep a record of the animal’s migratory history, to within an error of < 5m • Lotek satellite innovations include: • The first GSP collars in the world • Impressive data storage capabilities • Remote release mechanisms that automatically detach the collars from the animals • Species tracked:Animals such as coyotes, wolves, caribou, sheep, cattle, mountain lions, bears, moose, deer and cougars, as well as sea turtles, marine mammals and birds • Product examples:GPS: GPS 3300, GPS 4400, WildCellArgos: ArgosTrack, GPS Argos

15. Lotek products and services: • Receiver systems • Dataloggers • Radio transmitters • Acoustic transmitters • Combined acoustic/radio transmitters • Physiological transmitters • Temperature transmitters • Pressure/depth transmitters • Motion transmitters • Archival tags • Hydrophones • Wireless hydrophones • GPS systems • Argos systems • Data analysis software • Accessories • Field support • Training • Consulting services

16. We provide solutions. Dwindling or depleted fish stocks, polluted rivers and oceans, endangered animal species, disappearing natural resources, extensive habitat losses — the problems are many. We’re a company that the problem solvers of the world come to for help. We don’t just supply equipment — we get involved. We respond to the evolving research needs of our customers. For example, our BioMap software was a response to their need for tools to handle, process and interpret all their biotelemetry data. Each solution leads to new questions, new challenges.

17. SOLUTIONS Application Support Lotek Wireless maintains an application support division dedicated to providing customized, one-on-one assistance to our clients in the field. It is staffed by experts in both biology and telemetry who travel the globe supporting our customers in their use of Lotek monitoring systems. This application support group also provides training and seminars to fish and wildlife researchers and managers in many countries, both in person and via Internet-based sessions, videos and user manuals. Consulting Services Lotek also offers complete consulting services to clients seeking turnkey solutions, from initial project design all the way through to data acquisition, analysis and publication.

18. SOLUTIONS Innovative Solutions: Some Lotek Firsts 1988 1st electromyogram radio transmitter 1989 SRX 400, 1st tracking/datalogging “smart” receiver 1991 1st software-configurable, application-specific system for automatic fish passage analysis 1991 Introduced digital coding technique to track multiple animals on a single frequency 1991 1st device to allow multiple antenna switching 1991-6 Introduced software with advanced capabilities for data collection, validation, frequency scanning, summary records, real time statistical analysis, diagnostic & fault recovery, remote system monitoring 1992 DSP 500, allows detection of up to 4250 transmitters 1995 World’s 1st GPS mammal tracking system 1997 Introduced a CDMA acoustic positioning system 1997 1st device to allow ultrasonic to VHF conversion 2000 1st fully programmable digitally encoded radio tag with mass of less than 1 gram 2004 1st fully programmable digitally encoded radio tag with mass of less than 500 milligrams 2005 1st fully programmable digitally encoded radio tag with mass of less than 400 milligrams

19. We build on our successes. Many of the world’s top scientists and managers rely on Lotek systems and innovations year after year. Knowing that has motivated us to excel not only in product development, but also in business. Each year, we reinvest a greater percentage of our revenues into further research and development than any other biotelemetry company. We’re also very proud to have a top notch team of highly qualified, educated, and talented individuals who believe in what we do. We support our dedicated staff with training and education support, flextime and telecommuting options, a generous benefits plan, and annual profit-sharing bonuses.

20. SUCCESSES Lotek Awards 2003 Canada Export Award 2003 Lake Simcoe Region Conservation Authority Team Players of the Year 2003 National Research Council Canadian Innovation Leader 2003 Business Excellence Developing International Trade, Newmarket 2002 Canada Export Award for Innovation and Technology 2002 Company of the Year, Nfld & Lab. Assoc. of Technology Industries 2001 Ontario Global Traders Awards for Innovation & Market Expansion 2001 Marconi Communications Export 1999 Industrial Accident Prevention Assoc. 1998 Workers Safety Insurance Board 1998 Newmarket Hall of Distinction 1994 Ontario Business Journal’s Top 100 Entrepreneurs 1994 Canada Award for Business Excellence 1992 Ontario Commitment to Quality

21. SUCCESSES Building on our Successes • In business since 1984 • 2 large plants in Newmarket and Saint John’s • Additional representation in USA and Japan • Total staff of over 125 • Have introduced many innovations to biotelemetry • Have raised the bar on data quality while lowering barriers to entry for new research • Have shipped tens of thousands of transmitters, receivers, collars and other equipment • The only biotelemetry company designing systems with all 4 technologies — radio, acoustic, satellite & archival • Sell to top researchers in over 35 countries • Lotek systems are in use on every continent and in every ocean on Earth • Numerous published papers obtained their data from Lotek systems • Numerous species of fish, birds and animals have benefited from our efforts • We work with many partners to provide innovative solutions for a sustainable future. Newmarket, Ontario St. John’s, Newfoundland

22. Lotek Wireless Inc. 115 Pony Drive, Newmarket, ON, Canada L3Y 7B5 114 Cabot Street, St. John’s, NL, Canada A1C 1Z8 Tel: 905-836-6680 Fax: 905-836-6455 Email: biotelemetry@lotek.com www.lotek.com