INCE NEWS!!!
ENVER--(BUSINESS WIRE)--May 26, 1999--Nanopierce Technologies Inc.
(OTC/BB:NPCT - news) Wednesday announced that it has signed a Technology
Cooperation Agreement with Munich, Germany-based Meinen, Ziegel & Co., one of
the world's leading producers of equipment and systems for the integrated production
and personalization of Smart Cards.
Meinen, Ziegel & Co. is majority owned by DataCard Group (Minneapolis), which is
a leading global provider of innovative financial card issuance systems, photo ID
cards, printers, various identification systems, including health care patient identification
systems.
Under the agreement, Nanopierce and Meinen, Ziegel will cooperate in the
development, qualification and industrialization of a chip module embedding process
utilizing Nanopierce Connection System and Meinen, Ziegel equipment for Dual
Interface Smart Cards, known better as CombiCards. Meinen, Ziegel, using the
process, can modify existing models and manufacture new models of its full line of
equipment.
Paul Metzinger, president and CEO, said: ''We anticipate this agreement will lead to
the increased globalization of our technology. The excellent reputation and market
presence of Meinen, Ziegel and DataCard in the Smart Card industry should prove
valuable in the acceptance and application of our Nanopierce Connection System.''
The combined customer/potential customer database of Meinen, Ziegel and DataCard
will be used to exploit those markets, which will have the greatest card volumes for
Dual Interface Smart Cards, such as Southeast Asia, Korea, Japan, India and South
America.
Nanopierce management indicates that an independent market research firm, Killen &
Associates, cites the current market for Smart Card manufacturers is growing at 59
percent annually, with $7.6 billion forecast for 2000, reaching $16 billion by 2005.
Nanopierce Technologies owns 11 patents, six patents pending and various other
intellectual properties related to the company's proprietary NCS; a system designed to
provide significant improvement over conventional electrical interconnection methods
for high-density circuit boards, connectors, semiconductor packaging and electronic
systems.
The public stock trades under the ticker symbol NPCT on the OTC bulletin board.
Nanopierce Technologies is a subsidiary of Intercel Corp. (OTC/BB:INCE - news).
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Thu May 27 3:37pm
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