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Westaim announces 2008 year-end results
Date:2/18/2009

---------------------------------------------------- Deficit at end of period $(386,116) $(375,881) $(386,116) $(375,881) ------------------------------------------------------------------------- ------------------------------------------------------------------------- THE WESTAIM CORPORATION Consolidated Balance Sheets (unaudited) ------------------------------------------------------------------------- December 31 December 31 (thousands of dollars) 2008 2007 ------------------------------------------------------------------------- ASSETS Current Cash and cash equivalents $ 46,768 $ 30,993 Accounts receivable 6,272 14,931 Inventories 3,535 4,373 Other 772 674 Current assets held for sale 2,436 590 ------------------------------------------------------------------------- 59,783 51,561 Investments 4,262 5,968 Capital assets 11,486 12,581 Capital assets held for sale 1,103 10,086 Intangible assets 643 799 Intangible assets held for sale - 2,392 ------------------------------------------------------------------------- $ 77,277 $ 83,387 ------------------------------------------------------------------------- ------------------------------------------------------------------------- LIABILITIES AND
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