AcousticEye Appoints NDT Industry Veteran as VP Business Development

AcousticEye Ltd., a pioneer in non-invasive tube inspection for the global heat
exchanger and boiler NDT (non-destructive testing) markets, today announced
that Mr. Jeffrey D. Siegel has joined the company as Vice President of Business
Development.

A technical sales and business development professional in the NDT industry
for over 27 years, Mr. Siegel has extensive experience in driving market
adoption of new technologies and playing a key role in the achievement of
next-stage business growth. Mr. Siegel was most recently Owner and Principal
of Solnex, Inc., a NDT consultancy firm focusing on the nuclear power
generation market.

Commenting on the appointment, Mr. Siegel said: "I am very pleased to be part
of AcousticEye. The Company’s innovative technology has excellent potential to
transform NDT inspection as we know it with its ground-breaking, non-invasive
approach that is both technically sound and business smart. I look forward to
working with my industry peers worldwide to demonstrate AcousticEye’s solid
value proposition and cost-saving benefits for their operations."

Mr. Yoav Harel, Chief Executive Officer of AcousticEye Ltd., said "Together with
our growing team of veterans from the NDT industry, Jeff brings additional
depth to our organization with his ability to manage technical sales aspects of
new product introductions, major customer relationships and marketing of
mission critical NDT technologies used in the nuclear power, aerospace,
petrochemical, and manufacturing industries. As a long-time specialist in this
business, I am confident that Jeff will help us make further headway as a
leading inspection solution provider."

About AcousticEye

AcousticEye Ltd. is a pioneer in non-invasive tube inspection for the global heat
exchanger and boiler NDT (non-destructive testing) markets. With breakthrough
capabilities for inspecting today’s most challenging tube sizes and
configurations up to 4", it is possible to inspect boilers, Fin Fans and other heat
exchangers in any shape or material. Ultra-fast, accurate testing can be
performed at a fraction of typical inspection cycle times and without extra
inventories of consumable probes and standards. Utilizing Acoustic Pulse
Reflectometry (APR) technology, AcousticEye’s Dolphin G3™ is a very advanced
yet easy-to-use tool. With its simple operation, automated analysis and report
generation, there are minimal training requirements and far less dependency on
operator expertise.