Foothill Ranch, Calif. – May 22, 2006 . iBASEt announced today that Ladeira Poonian, the Chairman of the Board and CEO of iBASEt, received the Outstanding Woman in Technology award at the 13th Annual AEA High-Tech Innovation Awards. The awards were announced on Thursday, May 18, during a dinner ceremony at the Westin Hotel South Coast Plaza attended by over 500 guests.

“I am very pleased that iBASEt was selected for this award and it is a true testament to the iBASEt team and our focus on customer satisfaction,” said Poonian. “This honor makes our 20th anniversary celebration even more special. Additionally, we are responding to growth in our East Coast customer base by inaugurating a new office in Meriden, CT.”

This award adds to the momentum building at iBASEt. The company continues to gather momentum in the Aerospace and Defense market with new large customers like United Space Alliance (Space Shuttle Program) and new partnerships with big software companies like SAP and Kaba Benzing. Additionally, during the last fiscal year which ended April 30, 2006, the Company achieved revenue growth in excess of 30% and record employment levels at both its divisions.

About AeA (http://www.aeanet.org/orangecounty)

AeA is the largest high-tech trade association in the U.S. AeA represents all segments of the technology industry and our mission is to help our member companies grow and improve their business.  Internationally, AeA represents 2,500 companies with 1.8 million employees.  In Orange County, AeA represents 160 member companies with worldwide revenue of over $8 billion and more than 160,000 employees in the US and globally.  

About iBASEt (http://www.ibaset.com/)

iBASEt, founded in 1986, is a leading provider of high-tech software solutions and services. The company has two divisions: Solumina and Federal Systems Division (FSD). FSD has a distinguished record supporting requirements for NAVAIR, SPAWAR, NSWC, Air Force, Marines, NASA, CENTCOM, and other agencies. iBASEt's Solumina Division pioneered the first image-based work instruction delivery and data capture system in the complex assembly, aerospace and defense markets. iBASEt's Solumina Operations Process Management solution is targeted at Manufacturing Engineering, Process Planning, Plant Floor Execution and Quality Management and provides a paperless connection between product engineering, ERP and the plant floor. Users report Solumina has significantly improved productivity, throughput, and provided millions of dollars in annual cost savings. Solumina customers include industry leaders like General Dynamics, BWX Technologies, Lockheed Martin, Northrop Grumman, and United Technologies.