San Francisco, CA September 17, 2008 -- Raident Technology, Inc. has awarded two Academy of Art University students the Fine Arts Scholarships. Lindsey K. Eisentraut and Mike E. Feeney, Master students in the department of sculpture, will spend the next year creating art out of Electronic eWaste. The awarded scholarship will offset the tuition costs and art supplies.

Charlene Modena, the Graduate Director, School of Fine Art Sculpture, commented: "I want to give my deepest thanks to Raident Technology for extending this amazing and generous opportunity to Graduate Sculpture students at the Academy of Art University. By examining and embracing the process of transforming and reconstructing eWaste, these two students will bring their personal vision to the creation of unique, contemporary sculpture works."

Raident Technology, Inc., a leader in the field of asset recovery and Electronics eWaste recycling solutions, decided to implement another way of recycling - making art out of used working and nonworking electronics and electronic components. By creating art of out scrap materials, Raident Technology wishes to support Bay Area artists, as well as draw more attention to the arising pollution problems and encourage individuals and companies to reuse and recycle more than ever before.

To receive the Fine Arts Scholarships, the students had to present their art-work and come up with a project plan. The project plan had to include ideas and descriptions of the future pieces. All of their artistic creations will be made out of 75% recycled eWaste materials. As Charlene Módena said: "Lindsey Eisentraut and Mike Feeney will be dismantling eWaste, facing new technical challenges, and confronting unexpected artistic avenues. They will be expanding beyond the arena of "usual" and into one of discovery."

Albert Lozano, President, CEO and co-founder of Raident Technology, Inc., who has spent his entire career in the electronics recovery industry, commented: "We reviewed a number of candidates, but Mike and Lindsey stood out with their interesting and creative art pieces as well as with their proposals of what they could craft out of our Electronic eWaste materials. Raident is proud to be associated with the Academy of Art University and intends to establish an ongoing relationship between our two progressive thinking organizations."

Within the next year Lindsey and Mike will be using recycled eWaste materials, like hard drives, PC boards, monitors, computers, heat sinks, and other electronics and electronic components to create sculptural display pieces and fine jewelry. Both Mike and Lindsey will be working individually, as well as together, whose art will impress the human mind.

About Academy of Art University, San Francisco
With over 13,000 students, Academy of Art University is the nation's largest private art and design university. Established in 1929, the school offers accredited AA, BFA, M.Arch and MFA programs in 14 different majors, as well as continuing art education with classes in copywriting, fashion merchandising, interior design, new media, computer animation, sculpture, graphic design, cinematography, industrial design, digital photography and car design. Multimedia Communications is the school's newest major, offering BA and MA degrees. Students can also enroll in a flexible online degree program in art and design. Academy of Art University is an accredited member of WASC (Western Association of Schools and Colleges), NASAD, Council for Interior Design Accreditation (BFA-IAD) and NAAB (M-ARCH).

About Raident Technology, Inc.
From its corporate headquarters in Silicon Valley, Raident Technology was founded to deliver value-added asset management, asset recovery and electronic eWaste recycling solutions. Raident is on a fast-track growth strategy to expand its processing capacity, by both organic means and acquisitions, and to establish a leading position in the global market. It is a member of key industry groups and committed to protecting the environment while providing high-quality, customer specific services. In a fragmented market crowded with small, unsophisticated operations, Raident remains a trusted and respected resource.