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INVESTOR CONTACT: Steven Silver, 212-701-1816 Science Dynamics Announces Dr. Denny Ko Chief Technology Officer at Annual Stockholders MeetingCherry Hill, NJ July 30, 2001 -- Science Dynamics “SciDyn” (Nasdaq:SIDY), a developer of Internet Protocol-based (IP) telephony solutions and services, today introduces Dr. Denny Ko as Chief Technology Officer (CTO). The addition of Dr. Ko is being announced in conjunction with SciDyn’s Annual Meeting of Stockholders. At the meeting Joy Hartman, President and Chief Executive Officer, Denny Ko, newly appointed Chief Technology Officer and Joe Giegerich, Vice President of Sales and Marketing will present SciDyn’s strategic plans for the second half of fiscal 2001 and beyond. Joy Hartman stated, “While the current macro-economic trends continue to confirm signs of deterioration in expenditures for telecommunications and technology oriented capital spending, we remain dedicated to taking all the strategic steps necessary to weather the current economic challenges. The fundamental facts remain clear, that Internet Protocol (IP) provides the scalability, reliability and low cost basis to handle volumes of voice, data and video traffic that continues to grow. “The market opportunity for Voice over Internet Protocol (VoIP) technology remains vast, and we have seen modest signs of market activity in Europe and Asia. However, the overall Internet telephony sector continues to be disproportionately effected by the slowdown in information technology (IT) spending. Based on this fact, major VoIP product rollout timelines are generally taking much longer than originally anticipated. To address immediate growth concerns, SciDyn is intensively developing opportunities in legacy applications in the call control space to generate near term revenue. In the VoIP arena, we announced today the addition of Dr. Denny Ko as SciDyn’s new Chief Technology Officer. With over 20 years of telecom experience, Denny will oversee the development of feature rich VoIP based applications that are targeted to meet or exceed customer requirements and provide growth opportunities as momentum returns to telecom infrastructure spending,” continued Ms. Hartman. Dr. Ko joins SciDyn with more than 20 years of service and management experience at AT&T Bell Laboratories and most recently with Lucent Technologies. At Lucent, Dr. Ko served as Director of Internet Protocol / Multiprotocol Label Switching (MPLS) Product Management and Marketing. In this role, he was responsible for creating Lucent’s multiservice core IP/MPLS product strategy, architecture and product launch. Prior to Lucent Technologies, Dr. Ko held a range of senior technical positions at AT&T Laboratories including, most recently, Director of Multimedia Access Architecture and Development. At AT&T his responsibilities included product development of IP business services and Internet Telephony (VoIP) including gateways, gatekeepers and call agents from service concepts to network architecture. In this role, he also was responsible for overseeing multi-vendor product integration and overall network deployment strategy. Dr. Ko served as Director of AT&T Laboratories Asia/Pacific Networking Center of Excellence focusing on advanced network technologies including: IP, routing, ATM, Frame Relay and DSL for data, voice and video applications. Joy Hartman, stated, “With extensive industry expertise combined with a highly correlated product development and deployment background in the IP industry, we believe Denny will prove to be extremely valuable to SciDyn as we continue to reshape our company in the Internet Telephony sector. We welcome Denny to the SciDyn family and look forward to his contributions to our business.” Dr. Ko received a Bachelors of Science degree in Applied Math from Central University, a Masters of Science in Computer Science from the State University of New York and a Ph.D. in Computer Science from Polytechnic University. About Science Dynamics CorporationHeadquartered in Cherry Hill, New Jersey, Science Dynamics Corporation (SciDyn) is a developer of telecommunications solutions. SciDyn’s IP telephony products enable the seamless connection between traditional circuit-switch based networks and the next generation of packet-based networks. Products include: The IntegratorC-2000® series of IP Telephony Gateways; the Commander II Inmate Control phone system (also based on the IntegratorC-2000® architecture) and the VFX-200 series of Video over Frame Relay Access Devices (FRADs). Visit Science Dynamics Website at http://www.SciDyn.com. The Company is making this statement in order to satisfy the “safe harbor” provisions contained in the Private Securities Litigation Reform Act of 1995. This press release includes forward-looking statements relating to the business of the Company. Forward-looking statements contained herein or in other statements made by the Company are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to risks, uncertainties and factors relating to the other factors, which Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those set forth above and elsewhere in the Annual Report. The Company may encounter competitive, technological, and financial and business challenges making it more difficult to market its products and services, the impact of which may in matters expressed in or implied by forward-looking statements. The Company believes that the following factors, among others, could affect the Company_s results of operations and financial position, affect its future performance and cause actual results of the Company to differ materially from those expressed in or implied by forward-looking statements made by or on behalf of the Company: (a) the effect of technological changes; (b) increases in or unexpected losses; (c) increased competition; (d) fluctuations in the costs to operate the business; (e) uninsurable risks; and (f) general economic conditions. ### Home
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