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Deloitte Fast 500-Apr 2006

MagnaDrive Ranked as One of the Fastest Growing Technology Companies
in North America for Second Consecutive Year

Focus on Reliability Leads to Extraordinary Growth

Bellevue, Washington, April 17, 2006 – MagnaDrive Corporation announced today that the company was honored for the second consecutive year as one of North America’s fastest growing technology companies in the Deloitte Technology Fast 500.
The eleventh-annual Technology Fast 500 rankings
were based on the percentage growth in revenue for
the last five years. MagnaDrive achieved a
phenomenal 783% growth during this period –
ranking as the 207th fastest growing technology
company in North America.

“It is wonderful that we are generating this kind of national and recognition,” stated Jim Cich, President & CEO of MagnaDrive Corporation. “Our success is due to the hard work of MagnaDrive’s employees and distributors.” Cich commented that a key element of MagnaDrive’s extraordinary growth rate was the decision to strategically target the company’s ability to provide customers with unparalleled reliability
and demonstrate the associated savings. “MagnaDrive has been taking market share away from more
established technologies by providing customers with tools to evaluate their total cost of ownership rather than just initial purchase price.”

“It’s not easy for a young company to get traction in the technology marketplace let alone report such
phenomenal revenue growth,” said Tony Kern, deputy national managing principal of Deloitte’s
Technology, Media, & Telecommunications industry practice. “It’s a credit to MagnaDrive’s leadership
that they have managed to ramp up their business so quickly.”

About MagnaDrive
Bellevue-based MagnaDrive Corporation was founded in 1999. The company’s breakthrough magnetic
technology provides a cost effective solution to increase reliability and lower maintenance expense while
achieving energy savings and process control. The technology is protected by 20 domestic patents and
over 150 international patents. The impact and potential of the technology was recognized by Industry
Week magazine, which selected MagnaDrive as a Technology of the Year in 2001. More information
about MagnaDrive is available at www.magnadrive.com. For a self-paced online tutorial about
MagnaDrive’s technology, please see the MagnaDrive Education System at
www.magnadriveeducation.com.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their
respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu
nor any of its member firms has any liability for each other’s acts or omissions. Each of the member
firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte &
Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member
firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Swiss Verein.

 

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