PolarLake to preview PolarLake v2.0, the XML and Web Services Platform for Java Technology, at Web Services Edge in New York

Web Services Edge 2002, New York, June 25, 2002 - PolarLake (Booth 519) is a proud sponsor of Web Services Edge 2002, and visitors to this event will have the opportunity to see a preview of PolarLake v2.0, the unique XML and Web Services assembly and deployment platform for Javaä technology.

PolarLake to preview PolarLake v2.0, the XML and Web Services Platform for Java Technology, at Web Services Edge in New York

Web Services Edge 2002, New York, June 25, 2002 - PolarLake (Booth 519) is a proud sponsor of Web Services Edge 2002, and visitors to this event will have the opportunity to see a preview of PolarLake v2.0, the unique XML and Web Services assembly and deployment platform for Java technology.

PolarLake is a high performance enterprise-grade software platform for the rapid, cost-effective creation and hosting of XML and Web Services processing. Based on its patent-pending Dynamic XML Runtime, PolarLake is ideally suited for deploying complex XML and Web Services processing as required by industries such as financial services (for Straight Through Processing and back-end processing systems) and telecommunications (for next generation service creation and management). With its integrated development and deployment tool set, PolarLake delivers significant productivity gains, reducing development time and cost. The inherent flexibility of the approach also allows delivered systems to be quickly modified to meet new business requirements.

PolarLakes CEO, Ronan Bradley, said, Since 1999, PolarLake has focused on the problems faced by enterprises attempting to unleash the power of XML, including Web Services. PolarLake v2.0 is a major milestone for PolarLake, adding significant new features, incorporating the feedback from our customers and partners as well as support for the latest standards." He added, PolarLake uniquely combines impressive productivity gains and an enterprise-grade deployment platform ready for the most mission critical deployments."

Mr. Kiyoshi Ishii, Department Manager, Business Planning and Development Department, Hitachi Systems & Services, Ltd. said, "We believe that XML and Web Services are becoming increasingly important technologies for companies in today's Internet-based global environment. We expect that PolarLake's advanced, cost-effective and sophisticated Java-based products will accelerate the adoption of Web Services and XML technologies by companies' IT departments."

Speaking on behalf of SpiritSoft, Kevin Gibbs, CEO, said Financial services are moving to XML today. Our partnership with PolarLake allows us to provide our customers with essential capabilities to process XML-based business documents, integrated seamlessly into our proven JMS messaging products. PolarLakes integrated Web Services support makes it the only product available capable of addressing the enterprise needs today and providing an easy route to the Web Services architectures now emerging."

CEO and President at Midwest Wireless, Dennis Miller, said, By using PolarLake, we were able to leverage the potential of XML and Web Services to deliver a complex service in record time. PolarLake will allow us to continue to innovate and create new services easily without disrupting our existing systems. The flexibility of PolarLake allows us to be driven by business requirements, not technology limitations."

Peter Williamson, Sales & Marketing Director at Woodbine Software, commented, Woodbines customers in the financial services and telecommunications sectors in Scandinavia require total reliability and scalability. For the J2EE community, there is no alternative to PolarLake when it comes to mission critical deployment of XML and Web Services."

Art Gould, Senior Manager, Strategic Relations, Sun Microsystems, said, PolarLakes enterprise XML and Web Services Platform works in conjunction with our Sun ONE Studio integrated development environment (IDE) to provide customers with flexible and rich integration across the extended enterprise. PolarLake is a pioneering developer in the Web Services arena."

Speaking on behalf of Beacon-IT, Minoru Inui, General Manager, Internet Product Development said, I am very impressed with the PolarLake product. I have seen nothing as functionally complete or easy to use. PolarLake used in conjunction with our XML middleware for mainframe applications product, Extes Xuras, allows enterprises to integrate and extend the mission critical mainframe-based systems with XML and Web Services."

PolarLake v2.0 adds significant new capabilities to the PolarLake platform, allowing developers to quickly assemble applications from existing components and integrate existing

IT assets including applications, middleware and infrastructure. New features include:
·   Integration with Spiritsofts SpiritWave JMS messaging framework
·   Integration with Sun ONE Studio, allowing business logic components to be easily written within this industry-leading Javaä technology IDE
·   PolarLake Statistics Manager: configurable statistics collection and display tools allowing utilization and business intelligence statistics to be collected from running systems
·   Additional features in PolarLake Designer including:
-Graphical generation of XPath rules from XML schemas
-Repository support for management of available components

For more information please contact:

Breeda Crowley
Marketing Communications
PolarLake
Block F1
East Point Business Park
Dublin 3
Ireland   
T. +353 1 449 1010
F. +353 1 449 1011
E: press@polarlake.com
W: www.polarlake.com

About PolarLake:

PolarLake unleashes the power of XML and Web Services, enabling enterprises to integrate existing IT assets, create new business capabilities based on those assets and rapidly evolve the resulting solutions. PolarLake achieves this through its patent-pending XML platform and integrated development and deployment tools that keep the focus on business information, not IT infrastructure and middleware, thereby ensuring that solutions are delivered at a fraction of the conventional time and cost.

PolarLake, headquartered in Dublin, Ireland, with offices in London, New York and Tokyo, is a privately funded software company, backed by international venture capital funds. PolarLake has a global network of partners and customers solving enterprise problems with XML and Web Services.