Kronofusion Technologies Inc. Expands and Moves to Technology Place at BCIT

Emerging wireless company will access research expertise and share technology resources

Vancouver, BC, February 12, 2002 - - Kronofusion Technologies Inc. (CDNX : KRO), an emerging provider of wireless and web-based remote access solutions, announced today that they will expand and move their head office to Technology Place located on the campus of British Columbia Institute of Technology (BCIT) and managed by Discovery Parks Inc. Discovery Parks promotes and supports the growth of the high technology research and development industry in B.C., particularly in association with SFU, UBC, BCIT, UVic and the Science Council of B.C.

Kronofusion will house its sales and marketing, R & D, and administrative staff as well as its management team at the new facilities. A sales office is located in Mountain View, California, and the corporate office in Vancouver.

By locating our primary operations close to other high-calibre technology companies and on the campus of an institution that focuses on building industry partnerships, we believe Kronofusion will benefit from the large amount of talent and skill surrounding us," stated Saurabh Abhyankar, President and CEO of Kronofusion. We are excited about building a relationship with BCIT which will focus on sharing resources and technology with the goal of developing innovative software solutions together."

Located on the eastern side of the BCIT campus in Burnaby, BC, Technology Place is a new 3 floor, 33,000 square foot research facility designed to house tenants from the private sector that require office and laboratory space. "We are extremely pleased that Kronofusion has decided move their operations to the BCIT campus," says Norman Streat, Dean, Applied Research and Director of BCIT Technology Centre. Technology Place at BCIT was created with the idea of promoting high-tech research and development on campus and to enable companies to access BCIT's researchers and technology resources. As BCIT's research and technology transfer office, we are committed to providing just that."

BCIT's IT research group, Group for Advanced Information Technology (GAIT), will be working closely with Kronofusion on various R&D projects. Kronofusion will benefit from access to the faculty, researchers and technology experts on the campus. In addition, they will contribute to BCITs educational mandate to provide real-world experience to students by outsourcing projects to the Computer Systems Technology Diploma and BTech students, to complete quality assurance testing for the companys AccessPointTM software, which enables users to access their desktop computers from any web-enabled device.

About GAIT
The Group for Advanced Information Technology is the IT research group of the BCIT Technology Centre developing advanced computer technologies and solutions for industry clients. Bridging the gap between basic research and commercialization, we fill a key role within BC's research community.

GAIT's primary objective is to help companies with their IT challenges and conduct research and development in next generation technologies. In doing so, we actively assist small-to-large corporations in their R&D efforts and help bring new technologies to market. Our ability to undertake high-risk projects, emphasis on industry collaboration, and establishment of unique facilities such as the Internet Engineering Lab make us one of the most innovative and competent IT research groups in BC. For further information on GAIT, please visit www.tc.bcit.ca/gait.

About Kronofusion
Kronofusion Technologies Inc. (CDNX: KRO) is an independent, full service provider of integrated wireless and web-based remote access solutions. Based in Vancouver BC, Kronofusion provides mobility solutions to wireless carriers and Internet solutions providers. Kronofusions flagship product is AccessPointTM, which allows mobile professionals to remotely access their desktop personal computers from any device with a web-browser. For further information on Kronofusion or AccessPointä, please visit www.kronofusion.com.

For more information, please contact:

Media Relations            
Farrah Jinha            
TechKnow Communications Inc.      
Tel. (604) 980-2448   
Email: farrah@techknow.ca         

Amardeep Gill
GAIT, BCIT Technology Centre
Tel. (604) 432-8920
Email: agill@bcit.ca
                     

Investor Relations
Aly B. Mawji
Kronofusion Technologies Inc.
Tel. (604) 684-2181
Fax. (604) 682-4768
Email: ir@kronofusion.com