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Modular Design Makes Energy Saving Technology Installation, Maintenance Simple

MANITOWOC, Wis., Aug. 27, 2009 (GLOBE NEWSWIRE) -- Orion Energy Systems Inc. (Nasdaq:OESX) on Aug. 18 was awarded a patent from the U.S. Patent and Trademark office for the energy management company's energy efficient modular lighting platform. The patent was awarded for the modular features of the system, which make initial installation, and the integration of additional energy saving technologies, easy and affordable.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6544

The modularity of the Compact Modular(tm) system marks the 22nd patent for Orion, a leading power technology enterprise that designs, manufactures and deploys energy management systems, consisting primarily of high-performance, energy-efficient lighting platforms, intelligent wireless control systems and direct renewable solar technology.

The modular plug-and-play features of the technology are designed for simple in-field quick change power supply to accommodate the existing branch circuit receptacle, rather than timely and expensive hard wiring. The modularity also allows users to integrate the InteLite(r) control device to further reduce energy waste by turning off lights that aren't needed, saving even more energy than with the Compact Modular(tm) system alone.

The Compact Modular(tm) platform is guaranteed to reduce users' light-related energy costs by typically 50 percent, while increasing light levels by 50 percent. When integrated with Orion's InteLite(r) wireless control system and direct renewable solar Apollo(r) light pipe, Orion customers are reducing energy consumption for lighting by up to 80%.

The design of the Compact Modular(tm) fixture and the reflector are already patented. Orion has 15 patents pending.

"The design of our Compact Modular(tm) lighting system is making it easy for companies to reduce their energy bills, decrease installation and maintenance costs and reduce their carbon footprint," said Orion CEO Neal Verfuerth. "This patent joins a growing list of other patented technology that has helped our customers save more than $642 million in energy costs, delivered more than 460 megawatts to the electric grid -- which is nearly the size of one coal-fired power plant -- and reduce carbon dioxide emissions by more than 5.5 million tons."

Orion's innovation and technology recently won the praise of President Barack Obama, who applauded Orion in a White House speech promoting clean energy, the creation of green collar jobs and the importance of energy efficiency. Obama challenged Orion and other clean energy companies to "mount a historic effort to end once and for all our dependence on foreign oil."

Orion has deployed its energy management systems in 4,796 facilities across North America. Since 2001, Orion technology has displaced more than 459 megawatts, saving customers more than $642 million and reducing indirect carbon dioxide emissions by 5.5 million tons. Orion's technology was recently internationally recognized with a Platts Global Energy Award for the single most innovative and sustainable green technology of 2008.

Orion Energy Systems Inc. (Nasdaq:OESX) is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy-efficient lighting platforms, wireless controls systems and direct renewable solar technology for commercial and industrial customers without compromise. For more information, visit www.oesx.com.

The Orion Energy Systems, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4540

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

CONTACT: Orion Energy Systems Inc.

Media Contact

Linda Diedrich, Director Corporate Communications

(920) 482-1988

ljd@oes1.com



FDA 510(k) submissions for Class 2 devices such as the current ColonCAD API 3.1 submission

Medicsight PLC, a subsidiary of MGT Capital Investments, Inc. , and an industry leader in the development of Computer-Aided Detection (CAD) and image analysis software which assists radiologists in the early detection of disease, announces that on January 5, 2010 it received a further request for Additional Information (AI) letter from the US Food and Drug Administration (FDA) relating to the Company's currently pending 510(k) pre-market notification for the ColonCAD API 3.1 product.

The FDA previously issued an AI letter to the Company in December, 2008 requesting clarification of the intended use of the product, to which the Company responded. In the most recent AI letter the FDA has requested further technical details regarding the clinical trials and data analyses undertaken to support clearance of the product.

FDA 510(k) submissions for Class 2 devices such as the current ColonCAD API 3.1 submission are necessarily complex and require the sponsor company to provide a great deal of information relating to the design, manufacture and validation of the product. It is not unusual for a second AI request to be received by a company in order for the FDA to gain all the information they require in order to assess a device. However, the FDA's 510(k) process is typically restricted to two AI letters.

Allan Rowley, CEO of Medicsight, said: "We are working expediently with our clinical and statistical advisors and the FDA to prepare the requested information and expect to respond fully to the FDA before the deadline of June 21, 2010."

About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. is a technology holding company that focuses on investments in the global healthcare information technology market. The Company has two subsidiaries, Medicsight PLC and Medicexchange PLC.

Medicsight PLC (AIM: MDST) is a UK-headquartered, research driven, leading developer of computer-aided detection (CAD) and image analysis software for the medical imaging market. The CAD software automatically highlights suspicious areas on computerized tomography (CT) scans of the colon and lung, helping radiologists to identify, measure and analyze potential disease and early indicators of disease. Medicsight's CAD software has been validated using one of the world's largest and most population diverse databases of verified patient CT scan data. Medicsight's ColonCAD(TM) and LungCAD(TM) software products are seamlessly integrated with the advanced 3D visualization workstations of several industry-leading imaging equipment partners.

Medicexchange PLC provides medical imaging professionals with a global web portal containing an online sales, jobs and information channel for diagnostic, treatment and surgery planning solutions. This combined with a variety of relevant clinical papers, training materials and content gives these professionals access to information and products that they otherwise would have difficulty accessing.

Additional information can be found at www.mgtci.com.

All forward-looking statements are made pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in company filings with the Securities and Exchange Commission.

MGT Capital Investments, Inc.; Medicsight PLC

CONTACT: Allan Rowley, Chief Financial Officer, MGT Capital Investments,Inc., P: 011-44-20-7605-1151

Web site: http://www.mgtci.com/

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