To: Jim B who wrote (6254 ) 5/27/1999 9:58:00 AM From: Ga Bard Read Replies (2) | Respond to of 108040
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). -0- RJ/la* AJE/la CONTACT: Nanopierce Technologies Paul Metzinger, 303/592-1010 or