NVE Corporation Adds Sales Representatives.

Business Editors

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Feb. 6, 2002

NVE Corporation (OTCBB:NVEC) today announced that it recently signed agreements with seven U.S. manufacturers' representatives to market NVE's award-winning data couplers. The new representatives will dramatically broaden the company's sales coverage.

The new representatives are:

-- Cahill, Schmitz and Cahill, Inc., covering the Upper Midwest;

-- TEQ Sales, covering the Central Midwest;

-- Millennium Technical Sales, covering the Eastern Great Lakes States;

-- Interep Associates, covering the Southeastern United States;

-- QXI, Inc., covering Florida;

-- Quad State Sales, covering the Southwestern United States; and

-- Tritek Sales, covering the Mid-Atlantic.

"We are pleased to have attracted the interest of some of the most productive electronic component representatives in the country," commented John Myers, vice president of NVE's Isolator Business Unit. "The agreements are the result of the efforts of Anthony Leali, our new National Sales Manager. Combined with our existing representatives and our previously announced agreement for Digi-Key Corporation to stock and distribute our components, we are building a first-rate distribution network."

"Adding manufacturers' representatives is a key step in our strategy of bringing NVE's revolutionary products to a broad market," added NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. "These representatives will be evangelists for our Coupler Business Unit's mission of replacing opto-electronics in high-speed data transfer applications."

NVE announced its revolutionary IsoLoop(R) family of digital couplers in early 2001. IsoLoops have a data rate of up to 100 megabaud, five times faster than the fastest opto-electronic devices. The IsoLoop family includes single- and multi-channel products, and is ideally suited for industrial data bus, analog to digital conversion and telecommunications. NVE estimates the coupler market is approximately $1.8 billion per year.

NVE is a recognized leader in the practical commercialization of "spintronics," which many experts believe represents the next generation of microelectronics. NVE's products include magnetic sensors and couplers which revolutionize data acquisition and transfer.

Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Reform Act of 1995. Such statements are necessarily subject to risks and uncertainties that could cause actual results to vary from stated expectations, and such variations could be material and adverse. Additional information concerning the factors that could cause actual results to differ materially from the Company's current expectations is contained in the Company's SEC filings.