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Eniram Secured Significant Investment from Conor

Funding round enables Eniram to enter the global software and systems market for shipping industry

Helsinki, Finland – March 11, 2008 – Eniram Ltd., the provider of next generation instrumental systems that improve vessel operations for the maritime industry, has secured a significant investment from Conor Venture Partners. The new capital allows the company to strengthen its marketing and sales operations to address the needs of the global shipping industry.

Eniram’s knowledge in shipbuilding and seafarers combined with strong software development experience has enabled it to build a high value-add product portfolio to assist the shipping industry. Eniram’s solutions locate, analyze, quantify and connect real time information within and from the vessels to decision making systems.

All Eniram’s software solutions are based on its Vessel Management Platform and range from single feature applications to comprehensive fleet analysis systems. Solution areas include Performance Optimization, Emission Control and Safety & Comfort Management that enable the vessel crews to enhance vessel performance, lower fuel consumption.. Eniram currently serves cruise and cargo shipping industries within Europe and North America.

“This investment round will accelerate our expansion to serve the shipping industry on a global scale. Helping the shipping industry to save costs and lower emissions through lower fuel consumption with our Performance Optimization solutions is our primary goal.” says Henrik Dahl, Managing Director at Eniram.

“We found the Eniram team very enthusiastic and professional. The solutions for vessel management will

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bring major impact to both energy consumption and safety management on board. Conor is eager to help and support Eniram to become a leading global company in its field.” says Manu Mäkelä, Partner at Conor.

Eniram Ltd. supplies the marine industry with state-of-the-art solutions for better efficiency and control of vessel operations. Eniram Performance Optimization systems optimize vessel performance related to attributes such as trim, hull, stabilizers, and propulsion. With a combination of novel measuring technology and self-improving optimization software, the Performance Systems ensure that the vessel will be operated with reduced fuel requirements, environmental load and improved performance. http://www.eniram.fi/

Conor Venture Partners is a new breed technology venture capital fund and management company. Conor invests in early-stage companies originating from Finland, Sweden and the Baltics. Investment areas include information and communications technology, embedded software, semiconductor technology, electronics, new materials and optics. http://www.conor.vc