The investment will enable Mutek Solutions to help accelerate the development and marketing of its Software Black Box Flight Recorders™ for Intel's Itanium™ processor (IA-64) product family on Windows and Linux operating systems. In addition, Mutek and Intel will collaborate to optimize the performance of Mutek's products on 32 bit and 64 bit Intel architectures and will conduct various joint marketing activities.

"In today's competitive world, companies need to ensure the availability and reliability of their software applications," said Michael C. Pope, Director of Intel's Solutions Development Organization. "Intel 64 Fund invested to enable solutions that are designed to improve availability and reliability of server and client software, by pinpointing problems at all application levels, from the user experience, through the system level and down to the actual source code of the applications."

"As companies accelerate the implementation of their e-business strategies, IT executives are challenged by the need to deliver reliable and highly available business critical software systems " said Yochi Slonim, President & CEO, Mutek Solutions LTD. "The Intel 64 Fund investment will help us in delivering our Black Box Flight Recorder solutions on IA-64 server platforms"

Black Box Flight Recorders For Business Critical Applications

Mutek's Black Box Flight Recorder for software operates like a flight recorder for business critical applications on servers and clients. With no modifications required to the applications or the system, the Software Black Box Flight Recorder transparently records the online operation of applications and delivers alerts before failures occur. Application activity is recorded at multiple levels, from the user's experience, through the system level operations and down to the program's code lines executed by the running process. In case of crashes or other errors, system management, help desk and development personnel access the Black Box through the network, playback the failed scenario and pinpoint the root cause of the problem. Mutek's Black Box Flight Recorder solutions include Black Boxes for servers and clients, with front-end consoles for configuration, problem pinpointing, analysis, and Black Box management.

About the Intel 64 Fund
The Intel 64 Fund is a quarter billion dollar equity fund that invests in emerging technologies for next-generation servers and workstations utilizing Intel's IA-64 architecture. The Fund is coordinated by Intel with Compaq, Dell, HP, Intel, NEC, and SGI as co-investors. The Fund's other investors, managed by Morgan Stanley Dean Witter, include Bank of America, The Boeing Company, Circuit City, Enron, Ford Motor Company, General Electric, McKessonHBOC, Morgan Stanley Dean Witter, Reuters, Sabre, SmithKline Beecham, Sumitomo Corp., SunAmerica and Telmex. Additional information about the Intel 64 Fund is available at www.intel64fund.com.

About Mutek

Mutek Solutions LTD develops and markets software solutions that improve the availability of business critical software applications. The Company's Black Box Flight Recorders for software applications provide online alerts prior to system failures, record and playback software malfunctions and pinpoint the root cause of crashes and other errors in server and desktop applications. The company was founded in 1996 and is headquartered in Or-Yehuda, Israel. Mutek markets and supports its products in the US, Europe and rest of the world through its sales offices and distributors. Mutek's customers include e-business and traditional blue chip companies in the computer and software industry, financial services, telecom and cellular operators, manufacturing and industrial companies.

Software Black Box Flight Recorders is a registered trademark of Mutek Solutions Ltd. All other trademarks and product names are the properties of their respective owners. Copyright © 2000 Mutek Solutions Ltd, Inc. All Rights Reserved.

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email: info@Mutek.com