WAYTRONX SIGNS EXCLUSIVE LICENSING AND ROYALTY AGREEMENT WITH JAPANESE COMPANY, STONEWELLS 

CUI, INC, Waytronx’s wholly owned subsidiary, to distribute high-end C14 encoder worldwide 

TUALATIN, Ore. – October 7, 2008 – Waytronx, Inc. (OTCBB: WYNX), a leading provider of openly licensable advanced systems cooling solutions and its wholly owned subsidiary, CUI, INC., a provider of electromechanical components, today announced that it has signed an exclusive licensing and royalty agreement with Japan-based Stonewells.  The Agreement grants Waytronx exclusive rights to manufacture, market, deliver and sell the C14 encoder designed to be integrated into sophisticated medical devices and other high-end applications on a global basis.   

“This Licensing Agreement is the natural culmination of Stonewells’ 20 year relationship with CUI and its management team.  The Agreement allows CUI to distribute the C14 encoder worldwide,” stated Matthew McKenzie, CUI’s President.  “The unique nature of the C14 encoder coupled with CUI’s superior customer service and proven track record in sales and distribution should allow us to make significant market gains,” concluded McKenzie.   

The C14 encoder is currently in pre-production phase with the pilot run to occur in November 2008.  Market delivery is scheduled for First Quarter 2009. 

“CUI’s long term relationship with Stonewells and the execution of this Licensing Agreement is yet another demonstration of the synergies between Waytronx and CUI,” explained William Clough, Waytronx’s President & CEO.  “With the introduction of the C14 encoder, Waytronx and CUI are continuing the development and marketing of their own proprietary line of products which will include the WayCool Technology,” noted Clough. 

“Based on market research and feedback from our own customers, we expect the C14 to be a multi-million dollar annual revenue stream over the next several years,” explained Clough.  “Moreover, it conforms to Waytronx’s strategic initiative to identify, acquire, develop, and market unique intellectual technologies through CUI’s world class sales and distribution network.”   

About Waytronx, Inc.

Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others. Utilizing its patented WayCool™ hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by “microwarming” in today’s advanced computing devices. The Company’s proprietary central and graphics processor solutions, solar energy cooling solutions and power supply cooling solutions deliver more cost effective and efficient thermal management to the industry. Waytronx changed its name from OnScreen Technologies in December 2007. Waytronx acquired CUI, Inc. in May 2008. For more information, please visit www.waytronx.com. 

About CUI, Inc.

CUI, Inc. is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service.  CUI’s solid customer commitment and honest corporate message are a hallmark in the industry.  CUI is a wholly-owned subsidiary of Waytronx, Inc. For more information, please visit www.cui.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements.  The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products.  These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements.  Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission. 

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Media Contact:
Seana McKenzie
CUI

503-612-2300

info@waytronx.com

WayCool, WayFast, Waytronx and OnScreen are trademarks of Waytronx, Inc. Other names and brands are the property of their respective owners.