FOR IMMEDIATE RELEASE

November 14, 2005.

ChemAxon supports open source chemical inventory application for universities.

November 14th, 2005, Budapest, Hungary: ChemAxon, a software solutions provider for life sciences, announced the free provision of licenses for university users of an open source chemical inventory web application provided by Chemicalinventory.org.

Chemicalinventory.org is an open source project initiated by Dann Vestergaard and Claus Stie Kallesoe as a thesis project at their Post Graduate IT Diploma studies. Dann Vestergaard has experience as a LIMS supporter in a Danish Pharmaceutical Company but is now a full time programmer. Claus Stie Kallesoe is trained as a Medicinal Chemist and has been working with Discovery Informatics in a Danish Pharmaceutical company since 2000.

Chemicalinventory is a web application that manages the chemical stock in a laboratory-, production- or other facilities, where chemicals must be safely stored, easily found and tracked. This inventory solution is relevant to any facility which stores chemicals and is currently (since 2003) productive at The Danish University of Pharmaceutical Sciences with 70 users.

The structure input, search and visualization components of Chemicalinventory are provided by ChemAxon's Marvin editor and viewer and JChem Base chemical search and database management tools. As a developer toolkit, with a full application programming interface (API), these tools are optimal for integrating into larger solution applications where ongoing development is a key to the application utility.

ChemAxon's support for the chemical inventory application allows university users to receive free licenses to enable the application in their laboratories. The free provision to universities is a part of ChemAxon's 'Powered by Academic Package' program where any educational establishment can receive licenses and support for all ChemAxon products at no charge. Launched last year the program has so far attracted over 270 participants. For more information or for applying to license ChemAxon's toolkits for Chemicalinventory or your academic teaching or research please visit http://www.chemaxon.com/forum/ftopic193.html

About Chemicalinventory.org
To find out more, download or join the development of Chemicalinventory please visit http://www.chemicalinventory.org or visit the SourceForge.net location at http://sourceforge.net/projects/chi

About ChemAxon
ChemAxon is a leader in providing Java based chemical software development platforms for the biotechnology and pharmaceutical industries. With core capabilities including structure visualization and management, property prediction, virtual synthesis, screening and drug design, ChemAxon focuses upon active interaction with users and core portability to create powerful, cost effective cross platform solutions and programming interfaces to power modern cheminformatics and chemical communication. For more information please visit http://www.chemaxon.com