Open Kernel Labs Awarded Finalist Distinction for ITA CityLIGHTS Rising Star Award Chicago

April 11, 2009

Chicago- April 08, 2009 - Open Kernel Labs (OK Labs), the leading provider of virtualization software for mobile phones and broadband internet devices, today announced the company has been named a finalist for an Illinois Technology Association CityLIGHTS award, in the Rising Star Award category.

The Rising Star Award is presented to the company, which through innovation in products, services or business approach, has emerged from its start-up phase to become a solid presence in the marketplace. The company must have at least $1 million in annual revenue and have exhibited success in building a sustainable corporate organization and expanding its products. Nominees are judged on the following criteria. The company must: Be between one and seven years old; Produce innovative technology; Provide a technology that meets a solid market opportunity; Be experiencing and/or be poised for rapid growth; and Demonstrate community and industry involvement.

Open Kernel Labs is a software company that develops OKL4, an embedded hypervisor enabling virtualization, security and componentization. OKL4 allows handset OEMs, ODMs and semiconductor suppliers to more quickly and less expensively incorporate the next must-have features into new mobile device designs. In the two years since OK Labs debut in the mobile marketplace, OKL4 has made its way into more than 300 million mobile handsets. OKL4 is the only solution in its class actually deployed in mobile handsets.

“There are enormous opportunities for investors who back companies with breakthrough technology and leading-edge products. Illinois has been an underserved market with tremendous, untapped potential,” said Steve Subar, President and CEO of OK Labs. “With the CityLIGHTS Awards, the ITA provides a visible platform for the innovators and companies that are part of important technology advancements in Illinois.”

ITA will present the awards, which honor outstanding information technology companies, executives and advocates in Illinois, to the winners at ITA’s 10th annual CityLIGHTS Gala on April 23 at Union Station in Chicago. All Illinois companies and executives are invited to attend the event, which is the largest gathering of technology executives in the state.

“Year after year, CityLIGHTS nominees continue to raise the bar,” said Fred Hoch, president of ITA. “We wish all of our finalists the best of luck as ITA members vote to choose this year’s winners.”

ITA CityLIGHTS finalists are selected by a group of judges who represent various sectors of Illinois’ business community. ITA selected the judges based on their experience in the field and ability to fairly evaluate each entry.

About the ITA

The Illinois Technology Association (ITA) represents the interests of a diverse membership of more than 550 companies in Illinois that create, deploy and utilize information technology as a core part of their organization. By connecting members with industry peers and participants, providing the latest strategic information, market research and critical market insight and by promoting key thought leaders to raise visibility and gain a greater market awareness and presence, ITA is focused on building and developing the Illinois technology community through collaboration. Additional information is available at www.illinoistech.org.

Open Kernel Labs

Open Kernel Labs is the global leader in open source virtualization software for mobile devices, consumer electronics and embedded systems. Backed by the largest, independent team of microkernel developers, the OKL4 embedded hypervisor is deployed on more than 300 million mobile phones worldwide. Chipset suppliers, handset OEMs, and mobile network operators depend on OK Labs to deliver high performance solutions that decrease BOM cost, reduce complexity and speed time-to-market. For information on the OK Community, please visit the Community Portal at www.ok-labs.com/community/community-portal. Participants can join the Developer Mailing List at http://www.ok-labs.com/community/mailing-list-signup.

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Open Kernel Labs, OK Labs and Secure HyperCell™ are trademarks or registered trademarks of Open Kernel Labs or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

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