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Westaim announces 2008 year-end results

his 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.

    Financial Highlights
    (thousands of dollars except per share data)


                                  Three Months Ended     Twelve Months Ended
                                      December 31             December 31
                                  ------------------     -------------------
    Consolidated Statements
     of Operations                  2008        2007        2008        2007

    Revenue                    $   6,969   $  11,174   $  22,397   $  31,830
    (Loss) income from
     continuing operations        (1,224)      1,169      (1,735)     (2,830)
    Net income (loss)              2,746     (26,807)    (10,235)    (58,033)
    Net (loss) income per
     common share - basic and
      Continuing operations        (0.01)       0.01       (0.02)      (0.03)
      Net income (loss)             0.03       (0.28)      (0.11)      (0.62)
    Weighted average number
     of common shares
     outstanding (thousands)      94,215      94,136      94,207      94,070


                                  Three Months Ended     Twelve Months Ended
                                      December 31             December 31
                                  ------------------     -------------------
    Segmented Information           2008        2007        2008        2007
    Revenue from continuing
      Nucryst Pharmac
SOURCE Westaim Corporation
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