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Robert W. Ackerman Joins Azima Advisory Board New addition brings senior-level industry experience to monitoring and diagnostics start-up. WOBURN, MA - January 24, 2007 - Azima, Inc., a privately held provider of innovative wireless-enabled remote monitoring and diagnostics services for industrial equipment, today announced that Watermill Group Partner Robert W. Ackerman has joined its Advisory Board. Mr. Ackerman is the former CEO of Sheffield Steel Corporation (now part of Gerdau Ameristeel, the second largest minimill steel producer in North America). Prior to that he was CEO of Lincoln Pulp & Paper, President of specialty paper maker Premoid Corporation, and CFO of Preco Inc., the parent to both Lincoln and Premoid. Mr. Ackerman is also a former Chairman of the Steel Manufacturers Association. "Bob's combination of financial expertise and his management experience in the steel and paper industries will bring an added depth to our Advisory Board," said Azima CEO Jonathan Hakim. "Not only does he understand the financial challenges of a start-up, but he can truly appreciate the benefits Azima's remote monitoring and diagnostics service provides from a customer's point of view." "I am pleased to be joining Azima's Advisory Board and to be part of such a unique venture," said Mr. Ackerman. "Azima is revolutionizing the way industrial plants monitor and maintain their critical equipment." Mr. Ackerman has an engineering degree from Yale University, an MBA and DBA from Harvard Business School, and is also a Certified Public Accountant. He served on the faculty of Harvard Business School from 1968 to 1974 teaching Business Policy and Management of Small Enterprises and again from 1986 to 1988 in the Advanced Management Program. About Azima Azima is a software and services company focused on industrial machine reliability. The company utilizes industry experts and a web-based portal to deliver timely information and advice about equipment condition, in either a single plant or across the enterprise. This leads to improved productivity, reduced production risk, enhanced asset management, and more. Azima’s approach includes proven methods such as vibration; thermography; lube oil analysis; motor and battery testing; reciprocating compressor monitoring; and balancing, alignment, and other advanced services. Azima is a reliability partner for many Fortune 100 and Fortune 500 industrial companies, offering international sales and support. The company is headquartered in Woburn, Massachusetts. ###