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Stacy Formby
SciComp Inc.
(512) 451-1050 ext. 212

SciComp Inc. Receives Second Patent For SciFinance®

Unique technology that uses Monte Carlo simulations and automatically generates pricing source code receives new patent

Austin, TX - November 5, 2004 - SciComp Inc. has been issued U.S. patent number 6,772,136 for its SciFinance® software synthesis technology for financial instrument modeling using Monte Carlo simulations. This patent is in addition to a patent awarded to SciComp for the same problem solving environment, but using systems of partial differential equations.

"We're pleased to be granted this second patent for SciFinance" said Curt Randall, Executive Vice President of SciComp. "It underscores the uniqueness of SciFinance in the financial software marketplace. As more and more banks, hedge funds and other financial firms choose SciFinance as their modeling solution, our continued focus will be in helping them reduce development and market response time for developing exotic derivatives products."

SciComp's flagship product, SciFinance, applies both methods to the pricing of financial derivatives. The product automatically transforms a problem description into executable software code. Over the last ten years, SciFinance has been adopted by some of the world's leading investment banks to quickly prototype and validate option pricing models, as well as to generate production codes.

With SciFinance, users provide a natural description of the financial and mathematical features of their problem, optionally including solution strategies, using a concise and easy-to-learn specification language called ASPEN (Algorithm Specification Notation). From a brief ASPEN specification (typically a half page or less), the system generates thousands of lines of source code. SciFinance-generated source code is robust, well documented, and efficient. The generated code runs independently of SciFinance, either in standalone mode or embedded in spreadsheets or a trading system.

Visit the website of the U.S. Patent & Trademark Office (http://www.uspto.gov) for additional information about the SciFinance patent (number 6,772,136).

About SciComp, Inc.

As the recognized leader in software synthesis, SciComp provides automated pricing technology to the financial services industry. SciComp's products are used by some of the world's largest investment banks to decrease the turnaround time for derivative model development. Visit http://www.scicomp.com or call 512-451-1050 for more information.