Morpho, Inc., (www.morphoinc.com/eng [1])
a leading provider of image processing software solutions for mobile
devices, today announced that it has received an investment in the
amount of 165 Million Japanese Yen from Nokia Growth Partners, the
venture capital arm of Nokia (NYSE:NOK), the world leader in mobility.

The investment from Nokia Growth Partners, its first investment in a
Japanese company, follows Morpho, Inc.’s
recent announcement that it had received an investment from one of the
world’s foremost mobile communications
companies, NTT DoCoMo.

Since being established in 2004, Morpho, Inc. has built a strong
following for its offerings. Industry leading solutions such as image
stabilization technology PhotoSolid and video stabilization technology
MovieSolid, have established the company as a pioneer in mobile imaging.
Digital photography is increasingly going mobile and better camera
components are making mobile handsets the camera of choice for millions
of people worldwide.

“As the resolution of mobile handsets
increases, providing the user with innovative ways in which to enjoy
digital photography becomes more important. Our software makes every
image a keeper,” stated Masaki Hiraga, Founder
and CEO of Morpho, Inc.

The company continues to develop new applications that give mobile
device manufacturers the ability to offer their customers the imaging
quality they have come to associate with digital cameras without the
need for dedicated hardware components or PC-based image manipulation
software.

Rob Trice, partner at Nokia Growth Partners, said, “Morpho,
Inc.’s advanced imaging software not only
improves the picture quality on camera phones, but enables a variety of
entertaining imaging applications for camera phone users to enjoy.”

With the latest round of financing Morpho, Inc. will grow its overseas
operations to meet the demands of customers worldwide. Nokia Growth
Partners is a valuable strategic partner that will help Morpho, Inc.
meet these goals. Trice further stated, “Nokia
Growth Partners is pleased to have the opportunity to invest in a
Japanese company with such a global perspective and great growth
potential. We look forward to working with Morpho, Inc. to realize their
vision that more mobile camera phone users outside of Japan enjoy the
benefits of Morpho, Inc.’s superior imaging
software.”

About Morpho, Inc.

Established in 2004, Morpho, Inc. is a venture company focused on
delivering industry leading computer vision, graphics and image
processing solutions for application in mobile devices. Established by
researchers from the University of Tokyo and by experts in digital
media, the company continues to introduce innovative solutions in mobile
image processing. Morpho, Inc. was selected by Red Herring as a
recipient of the magazine’s Red Herring 100
Asia award for 2006. For more information visit http://www.morphoinc.com./eng [2]
or contact info@morphoinc.com [3].

About Nokia Growth Partners:

Nokia Growth Partners is a leading global growth stage venture firm
focused on mobile technology, services and media. Nokia Growth Partners
is funded by Nokia to provide superior returns and investments into
companies, firms, and people that are changing the face of mobility,
communications, and the Internet. Headquartered in Menlo Park,
California with US$200M under management, Nokia Growth Partners works
closely with the companies in which it invests adding value through deep
domain expertise in the mobility market combined with many years of
venture investment experience. For more information visit www.nokiagrowthpartners.com [4].