MagneMotion Announces Sales Channel Partner in Korea

Acton, MA (May 16, 2008)

MagneMotion Inc., a developer and manufacturer of Linear Synchronous Motors (LSM) and controls for manufacturing and assembly automation, material handling and transportation applications, announced today that it has signed a sales representative agreement with JungWoo Factory & Bio-mechanics (JungWoo F&B) in Korea.

"We are very fortunate to have established in JungWoo F&B, a sales channel partner with a 14 year track record of accomplishment in the automation business in Korea. Through our cooperative efforts, we will successfully launch MagneMotion's revolutionary LSM products, providing vital automation solutions for Korea's industry leaders," stated Peter Mattila, MagneMotion Vice President of Sales and Marketing. "The early adopters of our QuickStick® LSM automation systems have been leading US and multi-national corporations with a vision for the future. We plan to build on this success in the Korean market with the help of Jung Woo," Mr. Mattila added.

"There is a great need for a new generation of automation systems in Korea due to rapid growth in the IT and automotive sectors. These sectors frequently set the trend and new automation technology adapted by these industries often becomes the mainstream system of choice. I am confident that MagneMotion's LSM products will bring factory automation and logistics platforms to the next level. We look forward to working with MagneMotion!" stated Mr. Seok-Chang Jee, CEO and founder of JungWoo F&B.

Under the agreement, JungWoo F&B will provide direct sales, on-site customer support as well as after-market services in Korea for MagneMotion's QuickStick LSM product line.

About MagneMotion

MagneMotion provides the world's most advanced electromagnetic transportation, assembly and logistics solutions. The company's renowned engineering team has harnessed the power of Linear Synchronous Motor (LSM) and MagLev technology to create faster, more efficient, longer lasting and more affordable automated assembly, manufacturing and transportation products and systems. LSM technology underpins the company's QuickStick, a breakthrough in powering manufacturing and logistics systems, as well as a new class of elevators developed for the U.S. Navy. Organization's ranging from government agencies to major consumer goods companies and value added resellers rely on MagneMotion for superior results.

For more information on MagneMotion Inc., please visit the company website: www.magnemotion.com, or contact MagneMotion at info@magnemotion.com.

About JungWoo F&B

Founded in 1994, JungWoo F&B is a recognized industrial automation leader in Korea, offering various linear motor products for the country's largest companies. It offers various factory automation products for clients in semiconductor, consumer electronics, LCD, automotive manufacturing and ship-building industries. In 2003, the company entered the bio-mechanics business for the medical laboratory market and developed an ION LMD system which is utilized in cancer research. For further information, please visit JungWoo's website at www.jwfnb.co.kr.