CYROSPACE, UNIVERSITY OF HOUSTON SIGN COMMERCIALIZATION AGREEMENT

According to this agreement, Cyrospace will assist UH to license its high-tech creations to private sector.

PRESS RELEASE

Contact: Eric Gerber
Sept. 29, 2003 713/743-8189 (office)
713/617-7130 (pager)
egerber@uh.edu

Roy Collins
Cyrospace Inc.
281/535-7077 (office)
rcollins@cyrospace.com

FOR IMMEDIATE RELEASE
September 29, 2003

CYROSPACE, UNIVERSITY OF HOUSTON SIGN COMMERCIALIZATION AGREEMENT
Company Will Help License Universitys High-Tech Creations to Private Sector

HOUSTON, Sept. 29 -- Cyrospace Inc. and the University of Houston have signed a commercialization agreement in which the company will license and commercialize inventions and technologies created by the faculty, staff, and students of the university.

According to this agreement, which was announced today, Cyrospace will assist UH in realizing the commercial potential of its advanced technologies in the marketplace.

This agreement is another step in enhancing Cyrospaces portfolio of innovative technologies required to meet the technology challenges of our customers," said Michael Cyrus, Cyrospaces president and CEO.

This relationship will produce revenues for both the university and Cyrospace, enabling UH to concentrate on research and development while allowing them to benefit from our expertise in technology commercialization."

Arthur Vailas, UH vice president for research and intellectual property management, also praised the agreement, saying, Our principal goal is to foster research and scholarship. The effective transfer of university-wide technology to industry contributes to that goal. Cyrospace has developed strong commercial alliances with world-renowned innovators as well as educational and research institutions. University of Houston joins a select group of organizations benefiting from experience and expertise that Cyrospace contributes to such relationships."

About Cyrospace, Inc.
Established in 1998, Cyrospace is a technology mining, development, and commercialization company focused on meeting the technology needs of its customers and transforming their innovative technologies into commercially viable solutions. Cyrospace has strategic capabilities in commercializing innovative technologies developed by scientific institutions, government entities, universities, corporations, and inventors. For more information, visit the Web site www.cyrospace.com or call 281-535-7077.

About the University of Houston
The University of Houston, Texas premier metropolitan research and teaching institution, is home to more than 40 research centers and institutes and sponsors more than 300 partnerships with corporate, civic and governmental entities. UH, the most diverse research university in the country, stands at the forefront of education, research and service with more than 34,400 students.
For more information about UH visit the universitys Newsroom at www.uh.edu/admin/media/newsroom.