NPCT News B: Nanopierce Technologies Announces Agreement With Meinen,
B: Nanopierce Technologies Announces Agreement With Meinen, Ziegel & Co., of
Munich, Germany
DENVER (May 26) BUSINESS WIRE -May 26, 1999--Nanopierce Technologies
Inc. (OTC/BB:NPCT) 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).
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CONTACT: Nanopierce Technologies
Paul Metzinger, 303/592-1010
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