---

The European Institute of Science Inc. is a public shareholding company, which has been in existence for nearly 15 years. Inventor & founder,Dr. Dario Kriz, started the company in Malmoe, Sweden during 1990 with the core business centered around subcontracting and resale of laboratory equipment to chemical laboratories. During the first five years, the Institute built-up a mechanical & electronic workshop and a broad international network of subcontractors. A standard of professional craftsmanship was developed which is evident in today’s prototype constructions.

During 1994 the Institute established itself in the Science park IDEON (Lund, Sweden). This transfer of the activities from the location in Malmoe showed to be a strategically very successful step. Almost instantaneously, the Institute was carried along in a wave of intensive high-tech research resulting in several unique products. Today, four different off-spring companies have been created around medical and biotechnical products developed within the Institute’s research facilities.

The Institute went public during the fall of 1998 by conducting a public share issue in S weden. The raised capital was used to help establish the European Institute of Science as a center of excellence in medical & biotechnology seen today. The know-how which has been built-up in the company since its foundation is currently used to create a new type of private incubator concept for technological projects. The core business idea is to provide soft capital in the form of research & prototype facilities as well as company know-how in economics and business management to early stage projects. In return, the Institute becomes part owners in the newly formed companies.

Today, the Institute has part ownership in four different offspring companies and has several internal projects ongoing. The European Institute of Science has approximately 2000 shareholders and its shares (Ticker: EURI B) are listed on the Nordic Growth Market NGM in Stockholm, Sweden.

The following are the major milestones achieved by the European Institute of Science:

- European Institute of Science was founded in 1990 by Dr. Dario Kriz. The core business idea was subcontracting and resale of laboratory equipment to chemical laboratories in Sweden.

- The Institute established itself in the research park IDEON (Lund, Sweden) during 1994.

- The first offspring company, Chemel AB, is established during 1995 around the SIRE Biosensor project.

- The European Institute of Science AB goes public in 1998 and has its first public share issue. The core business idea is to provide a new private incubator concept for technological projects.

- The second offspring company, Genovis AB, is established during 1999 around the MagnetoPore project.

- During 2000, two new offspring companies are formed, Implementa Hebe AB and LifeAssays AB around the CoolHeater magnetic stirrer and magneto immunoassay projects.

- The Institute is listed on the equity market, Nordic Growth Market, in Stockholm, Sweden during 2002.