ORFID Corporation Promotes Winn Hong to Vice President, Corporate Development

LOS ANGELES, CA--(BUSINESS WIRE) -- August 15, 2006 -- ORFID Corporation, an organic electronics company, announced today that it has promoted Mr. Winn Hong, to the position of Vice President, Corporate Development. In this capacity, Mr. Hong will lead ORFID's business development efforts as well as expand his role in Operations and Strategic Development. Mr. Hong was previously Senior Director, Business Development, and has been with the company since July 2005.

Dr. Jonathan G. Lasch, Chairman & CEO of ORFID, said, "Winn's strong technical background, as well as his business expertise and acumen have allowed him to make extremely important contributions to ORFID's business and technology development efforts, thus yielding very impressive results. With his increased responsibilities we look forward for even more great things to come as ORFID grows to the next level."

Mr. Hong has extensive experience in business development, product development, strategic partnering, and scientific research. Prior to joining ORFID, Mr. Hong was VP of Business and Product Development at Genefluidics, Inc., a medical diagnostic device company. Mr. Hong also helped to found Sega.com, Inc., a global on-line gaming company. He was VP of Business Development and interim COO at Sega.com Asia, Inc, and was responsible for setting up Sega.com Asia's Asian headquarters, expanding the company's on-line gaming services within Asia, and developing strategic partnerships and joint ventures.

Prior to his work at Sega.com, Mr. Hong was a research scientist at Jet Propulsion Lab, a NASA research lab. While at JPL, Mr. Hong received a patent for the fabrication of novel infrared sensors, which were used for deep-space monitoring and for search and rescue efforts. He received his M.B.A. from the University of Chicago, Graduate School of Business, and an M.S. in mechanical engineering from UCLA with emphasis on MEMS-based medical devices and biomedical engineering. Mr. Hong is fluent in Mandarin and Cantonese, as well as Vietnamese.


About ORFID Corporation
ORFID is a privately held company developing novel organic electronic devices. With its proprietary VOFET (Vertical Organic Field Effect Transistor), ORFID, in conjunction with corporate partners and its scientific collaborators at the University of California, Los Angeles, is developing printable organic electronics for use in a new generation of thin, light-weight and flexible displays, RFID tags, and other applications. The company's suite of technologies for the development and processing of organic electronics, backed by an already strong and expanding intellectual property portfolio, has the potential to improve dramatically the economics of the electronics industry. ORFID's co-founding investors included Convergent Ventures, of Los Angeles, and Precision Dynamics Corporation, of San Fernando, California. ORFID is based in Los Angeles and can be found on the web at www.orfid.com.

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CONTACT:
Winn Hong, VP, Corporate Development, 310-444-3241, ext. 15


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