OATSystems Appoints Michael George as CEO

Closes $12.5 million B Round of Funding to Fuel Market Expansion

WALTHAM, Mass. - April 24, 2006 - OATSystems®, Inc., the recognized RFID framework leader, today announced the appointment of industry veteran Michael George as the company's chief executive officer. As a clear indication of support for the company's strategy and new leadership, OAT also announced an additional round of financing of $12.5 million lead by original investors Matrix Partners and Greylock Partners with the addition of growth capital from a leading finance company.

"RFID technology and applications in the extended supply chain are at an inflection point," said Michael George. "Global standards are rapidly being adopted and implemented across geographic and trading partner boundaries and the value from RFID has become clear to the market. The founding team at OAT has done an extraordinary job in garnering the lion share of early adopters in RFID and is well poised to capitalize on this leadership position by bringing more and better value to our customers."

According to Prasad Putta, OAT co-founder, "Michael brings a rich set of experiences to OAT that will be invaluable to us in this rapidly evolving field. The company is well poised to capitalize on our unparalleled market position and we welcome Michael's leadership at this pivotal time." Prasad will be leading business development initiatives with OAT's strategic business partners.

A well-recognized industry leader, George was most recently the CEO of Bowstreet, a leading provider of pre-packaged composite applications and distributed web-based services, acquired by IBM in December of 2005. Prior to Bowstreet, George founded and led Interlynx Technology to become a leading provider of Web and voice self-service applications for Fortune 500 human resource organizations. Interlynx was acquired by ProAct Technologies in December of 2000. Prior to Interlynx, George was a vice president and officer at TALX where he was instrumental in the company's path to a successful public offering in 1996. George holds a bachelor's degree from Suffolk University, and is a graduate of the prestigious MIT Executive Management Program, Birthing of Giants.

According to AMR Research's Random Note from April 14th 2006, OATSystems, a pioneer in RFID, has shown resilience in this fast-paced market. As OAT prepares for expansion, the funding and professional execution management should provide the company with stability and growth in the RFID technology sector.

About OAT
OATSystems, Inc. is the recognized RFID framework leader with software that empowers businesses to achieve competitive advantage from radio-frequency identification (RFID). As a pioneer in the development of RFID technology, OAT has been setting the standards in RFID for over half a decade and is responsible for industry firsts that include; the largest scale and largest scope of deployments, as well as the most innovative approaches to providing enterprise-wide RFID solutions. OAT's multinational client base consists of over 50 customers in retail, CPG, consumer electronics, manufacturing, life sciences, aerospace and defense. Headquartered in Waltham, MA, OAT has offices in Austin, Chicago, London, and Bangalore and is on the Web at www.oatsystems.com.