Axon Technologies Adds New Board Members.

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--June 3, 2002

Dr. Michael Kozicki, founder and chief technology officer of Axon TC announced that Dr. William Pohlman and Mr. Kent Petzold have joined Axon's board of directors.

Dr. Pohlman has more than thirty-three years of experience in the semiconductor industry. He is the co-founder, chairman and chief technology officer of Primarion, Inc. a venture capital-financed high technology company based in Tempe, AZ. Prior to founding Primarion, he served for nineteen years at Intel Corporation, most recently as Vice President in the Microprocessor Group. At Intel, Dr. Pohlman led the development of the 8086/8088 and 80286/287 microprocessors, 960 RISC processors and i750 programmable video processors. Mr. Pohlman was recently awarded the 2001 Arizona Governor's Innovator of the Year Award.

Mr. Petzold is an active investor in early stage technology companies, drawing on his past experience as a software industry executive with over 25 years of leadership experience. For the past four years as Chairman and CEO, he led the turnaround of Scottsdale, AZ based Cyclone Commerce, which is now the dominant provider of open business connections for companies wishing to facilitate automated collaboration. Prior to Cyclone, Mr. Petzold served as President and CEO of Novadigm, Inc. (Nasdaq:NVDM) from its pre-revenue stage to profitability and a successful IPO. Mr. Petzold continues to serve the Company as an outside board member. He is on the board of Toronto based Xenos Group, Inc. (TSE:XNOS), as well as several private software companies. Other director and advisory roles include Arizona State University's Software Factory, and AZSoft.net where he also serves on the Government Affairs committee.

"We are extremely fortunate to have two such high caliber directors assisting us at this critical stage in our business development," said Dr. Kozicki. "I believe that the addition of these two seasoned veterans indicates the potential of our technology and the broad scope of what we intend to accomplish."

Axon Technologies Corporation has developed and patented a high-performance ultra-low energy non-volatile memory cell based on solid electrolytes. The information is stored not as charge but as nanoscopic amounts of metal in the electrolyte which is placed in the interconnect layers above the silicon circuitry, making the technology compatible with CMOS logic processes.

"Axon's technology provides a unifying memory structure with SRAM-like speeds, immunity to soft errors, the lowest possible programming voltages, sub-DRAM cell-sizes, and practically unlimited non-volatile read and write cycles," said Bob Merritt vice president of marketing and business development. Mr. Merritt, previously with Semico Research Corporation, is another recent addition to the company. "Axon's business model is to license this technology as broadly as possible. The manufacturing feasibility of the technology was established during the 18 month co-development period with Micron Technology and their decision to proceed ahead of schedule with a commercial license is a strong endorsement of the technology. We expect additional licensees by the end of this year."

About Axon Technologies Corporation

Axon is a privately held corporation that creates and licenses intellectual property associated with ion transport and electrochemistry in solid electrolytes. Founded in 1996, Axon is headquartered in Phoenix, Arizona with an office in Redwood City, California.