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Westaim announces 2007 third quarter results
Date:11/13/2007

from those projected in such statements, including but not limited to statements regarding the ultimate value of Westaim's asset-backed commercial paper, the availability of credit, reduction of operating costs, product development timelines and the work necessary for the commercialization of iFire's technology, the potential of iFire's technology, Westaim's financial resources, and the potential sale of iFire. Westaim disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Accordingly, readers are advised not to place undue reliance on forward-looking statements, and should not rely on this information at any date other than the date of this news release. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.

THE WESTAIM CORPORATION

Financial Highlights

(unaudited)

(thousands of dollars except per share data)

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Three Months Ended Nine Months Ended

September 30 September 30

Consolidated Statements --------------------- ---------------------

of Operations 2007 2006 2007 2006

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Revenue $ 7,839 $ 8,203 $ 20,656 $ 22,451

Net loss (17,138) (9,552) (31,226) (39,538)

Net loss per common share

- basic and diluted (0.18) (0.10) (0.33) (0.42)

Weighted average number of

common shares outstanding

(thousands) 94,098 93,944 94,047 93,369

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SOURCE Westaim Corporation
Copyright©2007 PR Newswire.
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