FotoNation Press Release

FOTONATION IS FINALIST FOR EUROPEAN IST GRAND PRIZE AWARD - CHOSEN FOR RED-EYE TECHNOLOGY

Galway, Ireland, November 29, 2005—FotoNation® Ireland Ltd., a subsidiary of FotoNation Inc. (www.fotonation.com), one of the world’s leading imaging and connectivity solutions, announced today that it has been selected as finalist for the prestigious 2006 European IST (Information Society Technology) Grand Prize for its innovative Red-Eye Technology.

Drawn from a pool of 213 nominees from 29 countries, FotoNation is one of only twenty finalists for the IST award.  Now in its eleventh year, the European IST Prize (www.ist-prize.org ) is awarded for groundbreaking products that represent the best of European innovation in IT technology.  The award provides public recognition and is a highly visible display of entrepreneurial teams that excel in generating unique ideas and R&D and converting them into marketable products.  The high standard of applicants and the competitive selection procedure makes this prize the most distinguished for new technology products.

Selected for its highly innovative Red-Eye Detection and Removal Technology, FotoNation will exhibit its products at the European IST Prize Exhibition at the European Commission in Brussels on November 30 - December 1, 2005.  The award organizers, Euro-CASE, will propose 3 Grand Prize Winners to the European Commission.  The European Commission will then select up to 20 European IST Prize Winners and up to 3 Grand Prize Winners, with the awards ceremony taking place on March 23, 2006 at the Austrian Academy of Sciences in Vienna.

“We are honoured to be finalist for this highly distinguished prize. FotoNation’s patented and innovative Red-Eye Technology has proven successful with its widespread adoption in the digital photography industry.  Our embedded Red-Eye is the leading solution in its field, currently available in a wide range of digital cameras, printers, photo kiosks, imaging servers and client applications,” said Turlough Rafferty, General Manager of FotoNation Ireland Ltd.

About FotoNation
FotoNation Ireland Ltd. is the seventh Irish company to make the European top 20 since the inception of the IST Prize in 1995.  The Galway, Ireland-based company is the sole nominee representing the Republic of Ireland in 2006.

FotoNation, Inc. is the leading research and development company providing imaging and connectivity technologies to the leaders in digital photography, such as Kodak, Nikon, Sony and Pentax.  FotoNation’s patented technologies include wireless connectivity, in-camera red-eye technology, and face recognition software.  FotoNation has over 60 employees and offices in California, Ireland, Romania, and Israel.  For more information, see the FotoNation website: www.fotonation.com.