Crescendo Partners Enters Into Lock-Up Agreement With Honeywell in Respect of Acquisition of Matrikon Inc.

EDMONTON, ALBERTA--(Marketwire - May 13, 2010) -

Mr. Eric Rosenfeld of Crescendo Partners, announced today that he and certain entities controlled by him, Crescendo Partners II, L.P. and Crescendo Partners III, L.P., (collectively, "Crescendo Partners") have entered into a lock-up agreement (the "Lock-up Agreement") with Honeywell International Inc. HON ("Honeywell") to support the transaction announced today involving the proposed acquisition by Honeywell of all of the outstanding shares of Matrikon Inc. MTK ("Matrikon") for $4.50 CAD cash per share. The Lock-up Agreement relates to 5,158,969 common shares and 25,925 restricted share units of Matrikon beneficially owned by Crescendo Partners, which together represent approximately 16.1% of the outstanding common shares of Matrikon (on a fully diluted basis). Mr. Rosenfeld is also a director of Matrikon.

A copy of the Lock-Up Agreement will be filed by Matrikon with the applicable securities regulatory authorities and will be available on Matrikon's SEDAR profile at www.sedar.com.

This press release is being issued pursuant to applicable securities law requirements.