MONTREAL, April 24, 2006 – Hexago, the company behind IPv6 deployment solutions, today announced it closed $6 million in financing from the Solidarity Fund QFL, BDC Venture Capital and Innovatech Québec.  The funds will be used by the company to support sales and marketing efforts in emerging IPv6 markets and to support research and development of new IPv6 products.

“Hexago is well positioned for growth by winning major sales in the ISP and U.S. government markets,” said Bruce Sinclair, Hexago President and CEO.  “Based on the success of our customers’ initial IPv6 trials and deployments, we are confident we have the right solutions at the right time.  This investment, combined with our current sales, will allow us to expand our product line and commercially expand into Asia and the U.S. federal market for IPv6.”

According to a recent report by RTI International, the cost for all stakeholder groups to transition to IPv6 will be approximately US$25 billion over 25 years.  The report, IPv6 Economic Impact Assessment, was published in October 2005 and prepared by RTI for the US National Institute of Standards & Technology.

“The Solidarity Fund QFL is committed to investing in companies like Hexago, which are positioned to dramatically advance the development and implementation of next-generation communications,” said Jacques Bernier, Senior Vice-President, Information Technologies, Telecommunications and Industrial Innovations, at the Fund.

Hexago has strong growth potential in the market for the new IPv6 Internet and has demonstrated market demand for its Migration Broker^TM product by selling to some of the top ISPs and military organizations in the world.  The company has a track record of early successes in sales of its product to marquee clients such as KDDI, US Department of Defense’s Defense Information Systems Agency, AT&T and France Telecom, and has an experienced management team comprised of IPv6 experts.  “We’re anxious to use these funds to help Hexago achieve its short- and long-term objectives,” continued Mr. Bernier.

“BDC Venture Capital is proud to offer Hexago its support,” stated Hung Vu, Director, BDC Venture Capital.  “The company has demonstrated its leadership and innovation potential through the development of Migration Broker – an easy and cost-effective IPv6 solution that doesn’t require the replacement of existing hardware.  IPv6, the next-generation Internet protocol already largely implemented in Asia-Pacific, is now ready for business use in North America, and Hexago is well equipped to effectively manage its widespread deployment.”

Hexago’s solutions enable customers to deploy IPv6 applications and services over their current network infrastructures without the significant spending required to upgrade each component of their network.  This allows for a smooth transition from the existing Internet, IPv4, to the new Internet, IPv6, in terms of both operations and capital expenditure.  Hexago’s Migration Broker is an off-the-shelf solution for IPv6 transition that provides secure, low-cost and rapid deployment of IPv6 connectivity today using the existing network infrastructure of the IPv4 Internet.

About the Solidarity Fund QFL

With assets of $6.2 billion, the Solidarity Fund QFL is a development capital fund that through its RRSP channels the savings of Quebecers into Quebec’s economic development. The Fund is a VC leader in Quebec, especially in software and telecommunications.  It is also a partner, either directly or through its network members, in 2,100 companies. The Fund currently has over 568,000 shareholders and has helped, on its own or with other financial partners, create, maintain and support over 105,000 jobs. For more information, visit www.fondsftq.com

About BDC Venture Capital

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company’s development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 different companies. It currently manages approximately $500 million in venture capital assets invested in the areas of Life Sciences, Telecommunications, Information Technology, Advanced Technologies and Fund Investments. For more information, visit www.bdc.ca

About Innovatech Québec

Innovatech Québec is a $125 M early stage venture capital fund owned by the Government of Quebec.  Innovatech invests in emerging technology-intensive companies in Information technology and telecommunications, biotechnology, and advanced applied technologies.  It has a diversified portfolio constituted of 50 active investments in private and public companies.

About Hexago

Hexago is a leading IPv6 company that offers simple, cost-effective end-to-end deployment solutions by selling its expert services and commercial products to companies and organizations interested in incorporating IPv6 compatibility or capabilities into their Internet products or services.  Its customers include KDDI, France Telecom, AT&T, Teleglobe, the United States Department of Defense’s Defense Information Systems Agency, General Dynamics, BAE, Panasonic, Boeing and others.  For more information, visit http://www.hexago.com.

For additional information

Investors:
Georgia Troulis
Hexago Inc.
(514) 906-4786, ext.1011
pr@hexago.com

Media Contact:
Joya Subudhi
For Hexago Inc.
(804) 521-4431
joya@subudhi.com