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OpenEye Leases Additional Space and Constructs
Engineering Center
  August 31, 2004, Spokane WA - OpenEye, Inc. announced today plans to convert approximately 3000 square feet of existing warehouse space at its headquarters in Spokane, Washington into a new engineering and technical support center. Upon completion of construction the center will be used primarily by eight technical support representatives and four members of the engineering support team. The new center will also be outfitted with state of the art equipment to create one of the finest digital video recording labs in the United States.

“The expanded lab space and new equipment will definitely enable us to better support our customers and partners. It will also reduce our average turnaround time by increasing the number of projects which can be handled simultaneously,” said John Okert, one of OpenEye’s senior engineers.

OpenEye also entered into an agreement to lease nearly 10,000 square feet of additional warehouse space adjacent to its current location on South Pine. “The additional warehouse space is intended to offset the square footage lost by the construction of the engineering center. More importantly, the net gain of 7000 square feet will be critical in supporting the continued growth of our business,” said Alan Aldous, OpenEye’s Chief Financial Officer.
American Design & Construction of Spokane, Washington has been selected to complete the project, which is targeted to conclude at the end of October.

 
 
About OpenEye
 
  OpenEye’s primary focus is the manufacturing of Digital Video Recorders (DVRs), which are primarily used in the security industry to record and manage video digitally. OpenEye’s DVRs have gained popularity throughout the world because of features such as motion tracking and remote video/audio monitoring. Leveraging its experience in manufacturing, server design, and network video, OpenEye now focuses on a highly targeted segment of the security industry. The company is located at 23221 E. Knox Ave. Liberty Lake, WA 99019. Phone is 888-542-1103. Fax is 509-232-5261.

Website is www.openeye.net.
   
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