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Absolute Software Honored in Wall Street Journal Awards for Technology Innovation

Vancouver, BC, September 15, 2006--(T-Net)--Absolute Software Corporation, a leading provider of firmware-based, patented Computer Theft Recovery, Data Protection and Secure Asset Tracking solutions, today announced that its newest product offering, Computrace® Data Protection, was named Runner-Up in the Software category in The Wall Street Journal's 2006 Technology Innovation Awards competition. Computrace Data Protection enables IT professionals to track large populations of computers and remotely delete files, directories and operating systems on computers that are lost, stolen or nearing the end of their lifecycle.

Winning firms appeared in The Journal Report section of the September 11, 2006, edition of the Wall Street Journal. Absolute will join other prize recipients from firms based in the U.S., India, Austria, Germany, Japan, U.K. and Switzerland at an awards dinner on October 17 at the Tech Museum of Innovation in San Jose, California. The competition received more than 600 applications from two dozen countries. Absolute is the only Canadian firm on this year's list.

According to the Wall Street Journal, Technology Innovation awards honor technological breakthroughs in such areas as software, hardware, the Internet, wireless and broadcasting. Innovations can be in the form of new products, patents, inventions, ideas or services. The innovations should break with conventional processes and should go beyond marginal improvements in existing products and services.

"We are honored to receive the Runner-Up prize for Technology Innovation in Software from the Wall Street Journal," said John Livingston, Chairman and CEO of Absolute Software. "In light of several highly publicized laptop thefts during 2006, computer and data protection have emerged as key issues amongst corporations, educators and government organizations looking to secure their assets and protect sensitive data. This award helps to solidify our position at the forefront of the mobile computer security industry and is a testament to our dedicated staff, ongoing technological innovation and commitment to drive the industry standard for computer theft recovery and secure asset tracking. We congratulate every company that made this esteemed list and look forward to next year's competition."

Cable locks, passwords and data encryption help prevent computer theft, but cannot eliminate it entirely. Gartner Group estimates that 70% of computer crime is perpetrated by insiders - those already in possession of passwords and encryption codes. Computrace Data Protection reduces the risk of confidential information being compromised, helping organizations avoid damaging publicity or litigation. Embedded in the BIOS, or firmware, of most Dell, Fujitsu, Gateway, HP and Lenovo notebook models, the Computrace agent is extremely persistent, and is thus able to survive operating system re-installations, as well as hard drive reformats, replacements and re-imaging.

Aside from Computrace Data Protection, Absolute Software offers Computrace® Complete, a comprehensive solution for institutions, providing guaranteed computer theft recovery, data protection and secure asset tracking, and Computrace® LoJack® for Laptops, a computer theft recovery service for individual users, as well as a variety of other category-defining software products and services.

For more information on Absolute's success in protecting computer data and recovering lost or stolen computers, please visit http://www.absolute.com/Public/successstories/default.asp

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the leader in Computer Theft Recovery, Data Protection and Secure Asset Tracking(TM) solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. The Company's Computrace® software is embedded in the BIOS of computers by global leaders, including Dell, Lenovo, Gateway, HP and Fujitsu, and the company has reselling partnerships with these OEMs and others, including Apple and Toshiba. For more information about Absolute Software and Computrace, visit www.absolute.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance of our services and products and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

©2006 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corporation. LoJack Corporation is not responsible for any content herein. All other trademarks are property of their respective owners. Computrace U.S. patents # 5,715,174, # 5,764,892, # 5,802,280, # 5,896,497, # 6,244,758, # 6,269,392, # 6,300,863, and # 6,507,914. Canadian patent # 2,305,370. U.K. patents # EP793823 and # GB2338101. German patent # 695 125 34.6-08. Australian patent # 699045. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release

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