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SHELDAHL SIGNS AGREEMENT WITH NOBLE & CO. FOR PRIVATE PLACEMENT

 NORTHFIELD, Minn., Jan. 13 /PRNewswire/ -- Sheldahl, Inc. (NASDAQ: SHEL) announced today that it plans to sell one million shares of new common stock in a private placement, and that it has signed an agreement with Noble & Company, Limited (located in Edinburgh, Scotland and Atlanta), in which the investment house will act as the company's adviser relative to European expansion strategies, and assist Sheldahl in raising the necessary funds to achieve its goals.
 Sheldahl's board of directors has concluded that new equity is necessary to fund company growth by investing in increased production capacity to meet customer demand for Sheldahl's new proprietary products. Starting in 1994, Sheldahl expects its five-year average sales growth rate of 10 percent annually to accelerate, with 40 percent of 1996 sales coming from products now being commercially introduced.
 James E. Donaghy, company president and chief executive officer, said, "We see great potential for Sheldahl's one-of-a-kind, materials- based products, especially the new Novaclad(R), Z-Link(R) and shielding lines, in the European automotive and communications markets. We're also aware of a high degree of interest on the part of European investors in owning shares of U.S. electronics and technology companies. Since our expansion plans call for an increased presence in Europe, it's strategically sound for us to seek equity funding there, as well as in the U.S."
 Sheldahl recently announced that it had received both product and process patents in the United States on its exclusive Novaclad product, a lightweight, adhesiveless laminate used to create the world's thinnest printed interconnects, such as the Novaflex(R) proprietary flexible interconnect. Novaclad-based products are unlike others,in their resistance to hostile environments, such as chemicals and high temperatures; while allowing for the component density necessary in electronics applications; and reducing fabrication costs. Z-Link, another exclusive product, makes possible the creation of multilayer, high-performance flexible circuits at a lower cost than ever before.
 Sheldahl's core technology involves the conversion of basic materials into technical laminates that are sold as foils and tapes. The company also uses these laminates as the base for such products as antennas, electronic shielding, insulation, flexible interconnects, and specialized fabrications. Sheldahl has strategically located design and technical centers in the Western, Midwestern and Eastern regions of the United States, and in Great Britain.
 -0- 1/13/93
 /CONTACT: John V. McManus, vice president, finance of Sheldahl, 507-663-8000, or Elin Schomaker of The Sage Group, 612-872-8418, for Sheldahl/
 (SHEL)


CO: Sheldahl, Inc. ST: Minnesota IN: AUT SU:

AL -- MN007 -- 4464 01/13/93 12:05 EST
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Date:Jan 13, 1993
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