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July 2009 Newsletter

MCRC ANNOUNCES NEW INVESTMENT IN INNOV-X SYSTEMS, INC.

Boston, MA – July, 2009 – MCRC is pleased to announce a new investment in Innov-X Systems, Inc., a leading provider of elemental analyzers to the industrial, transportation, security, environmental, recycling and energy markets.  Founded in 2001, Innov-X is a pioneer in the development of portable X-ray fluorescence (XRF) technology for elemental analysis.  Innov-X is a privately held, growing firm that operates worldwide, with offices in North America, Europe, Australia and Asia.  Innov-X’s products use XRF technology to quickly determine the chemical composition of a substance, thereby identifying the existence of desirable or undesirable elements.  Innov-X’s analyzers have been used for a wide variety of applications, including alloy and fluids analysis, mining and mineral exploration, environmental site investigation, nuclear non-proliferation and consumer product screening.  Innov-X outfits the maritime, oil and gas exploration and distribution, and power industries with XRF systems to monitor and optimize the use of fuels and lubricants.

“Innov-X’s mission from the start has been to discover new ways to apply portable XRF technology.  Our applied innovative products have allowed the company to become a leader in our industry,” said Dan Sackett, CEO & President of Innov-X.  “By working together with MCRC, we can continue to aggressively introduce new products, even in the current economic climate, including a major upgrade to our handheld XRF performance, and further high performance XRF products featuring our patented diffractive optics technology.”

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