FOR IMMEDIATE RELEASE

Mydea Technologies CEO One of Only 81 Selected Nationwide to Participate in National Academy of Engineering's 12th Annual Frontiers of Engineering Symposium

Orlando, Fl. (August 21, 2006) - Michael F. Siemer, P.E., founder and chief executive officer of Mydea Technologies Corp., is one of 81 inventive young engineers selected to participate in the National Academy of Engineering's 12th Annual Frontiers of Engineering symposium at the Ford Research and Innovation Center in Dearborn, Mich. Sept. 21-23.

The majority of selected symposium participants work at prestigious institutes such as Sandia National Laboratories, Bell Laboratories, major universities or corporations such as Microsoft Research. Siemer is one of only 10 entrepreneurs among the distinguished group of America's "best and brightest" engineers aged 30-45 invited to participate in the Symposium.

Mydea Technologies Corp., which opened in 2003 in the University of Central Florida Technology Incubator, produces rapid prototypes - one-of-a-kind physical objects made of a variety of materials to exacting specifications. Siemer developed and configured highly sophisticated computer and tool systems that measure and calibrate engineering specifications and then produce prototype objects quickly and efficiently - sometimes in less than a day.

The objects are then used in prototype systems that demonstrate a wide range of engineering, mechanical and materials technologies - from critical aircraft engine or weapons systems parts to components for simulator training equipment.

Siemer developed many of his prototyping skills and technologies as an engineer working on Disney World rides and shows.

Siemer said he was honored to be selected. "This year's Frontiers of Engineering group includes some of the best and brightest engineers my generation has produced," Siemer said.

"The symposium is a chance to share practical skills and perspectives in an open, collaborative setting. I'm honored to be part of it, and I hope to learn a great deal," Siemer said.

About Mydea Technologies

Mydea Technologies was incorporated in July 2003 with a mission to assist companies and individuals in all aspects of product development including design and engineering, 3D modeling, rapid prototyping and production. The company is committed to researching and utilizing the newest innovations and technology for rapid product development. Mydea Technologies is located in Orlando, Florida at the UCF Research Park. For more information, visit http://www.mydeatechnologies.com.

Contact Information:

Matt Gilhooly, Mydea Technologies 407.737.1991,
mgilhooly@mydeatechnologies.com