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Technology Stocks : Noise Cancellation Technology (NCTI) -- Ignore unavailable to you. Want to Upgrade?

To: Alfred W. Post who wrote (2732)	2/23/2000 12:51:00 PM
From: Mr. E	Respond to of 2775

Some good news. Might explain the rise. Smart-J Chip Developed by NCTI Subsidiary Advancel Wins Smartcard Award Card Technology -- Best New Chip 2000 STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 23, 2000--NCT Group, Inc. (OTCBB: NCTI) today announced that STMicroelectronics (formerly SGS-THOMPSON, NYSE:STM) has been named a winner in the Advanced Card Awards 2000 for the Smart-J(TM) chip. This 32-bit smartcard chip offering direct Java(TM) processing was developed by Advancel Logic Corp., a subsidiary of NCTI. Advancel receives a royalty on every smartcard sold by STMicroelectronics. The Advanced Card Awards is the UK's premier awards program recognizing excellence and innovation in the smart and advanced card industry. "We are proud that STMicroelectronics, the undisputed worldwide leader in smartcards products, has embraced our subsidiary's technology and that this technology has been recognized as the best new chip for smartcards," said Michael J. Parrella, President, NCTI. According to published market data, 1.15 billion smartcard chips were shipped in 1997. The total chip market is anticipated to exceed $1.4 billion in the year 2000. A smartcard contains an embedded integrated circuit that can process information on the card once inserted and powered by a card reader. Examples of microcontroller smartcards are the electronic purse credit/debit card functions, ID cards that provide authorized access to networks and subscriber identification modules (SIM) that secure certain PCS cellular phones against fraud. The emergence of multi-function/multi-application needs in various application fields requires higher complexity, larger memory sizes and higher performance chip architectures. STMicroelectronics is a global independent semiconductor company with strong European roots listed on the New York Stock Exchange (NYSE: STM) and on the Bourse de Paris. It designs, develops, manufactures and markets a broad range of semiconductor integrated circuits (ICs) and discrete devices used in a wide variety of microelectronics applications, including telecommunications systems, computer systems, consumer products and industrial automation and control systems. In 1997, the company was recognized as one of the world's best companies by Industry Week and Upside Magazine. Further information on STMicroelectronics can be found at www.st.com. Advancel Logic Corporation, a wholly-owned subsidiary of NCT Group, Inc. is located in San Jose, California. Advancel is a developer of algorithm-specific microprocessor cores with native Java execution. The company offers a family of highly-optimized processors for embedded applications. For more information, refer to the company's World Wide Web site at advancel.com. NCTI is a leading technology developer with an extensive portfolio of proprietary algorithms and a wide variety of product offerings for consumer, commercial and industrial applications. The Company specializes in the utilization of sound and signal waves to reduce noise, improve signal-to-noise ratio and enhance sound quality. For more information, refer to the company's World Wide Web site at nct-active.com. Cautionary Statement Regarding Forward-Looking Statements Certain information contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Act of 1995 (the "Act"), which became law in December 1995. In order to obtain the benefits of the "safe harbor" provisions of the Act for any such forward-looking statements, the Company wishes to caution investors and prospective investors about significant factors, which among others, have in some cases affected the Company's actual results and are in the future likely to affect the Company's actual results and cause them to differ materially from those expressed in any such forward-looking statements. Investors and prospective investors should read this press release in conjunction with the Company's most recent Form 10-K and Forms 10-Q. -------------------------------------------------------------------------------- Contact: NCT Group, Inc. Joanna Lipper (203) 961-0500 ext. 3506 (203) 348-4106 (fax) jlipper@nct-active.com