Press Release February 27, 2001
NVE Ships Industry's Fastest Isolated RS-485 Transceiver

EDEN PRAIRIE, Minn.--February 27, 2001--NVE Corporation (OTCBB:NVEC) today announced it has begun shipping its IL485 IsoLoop® isolated RS-485 transceiver. With a guaranteed data rate of 35 megabaud, the IL485 transceiver integrated circuit is more than 100 times faster than competitive RS-485 interface devices, such as those sold by Maxim Integrated Products and Linear Technology Corporation. These competitive devices have maximum data rates of 0.25 megabaud.

RS-485 is a widely-used industry-standard data transfer protocol for industrial and commercial networks.

Like all of NVE's IsoLoop products, the IL485 transceiver is based on NVE's proprietary giant magnetoresistive (GMR) technology. A monolithic galvanic isolation barrier gives the IL485 a common mode voltage range of plus-or-minus 2,500 volts, and makes it immune to ground and signal differentials that would interrupt data transmissions or even destroy non-isolated RS-485 devices. This makes the IL485 ideal for industrial applications and large local area networks.

"The IL485 is an ultra-high-speed, low-cost alternative to optically or capacitively-isolated transceivers," says John Myers, vice president of NVE's Isolator Business Group. "Its high speed could revolutionize the performance of industrial and commercial networks."

The IL485 is the first isolated RS-485 interface available in a standard 16-pin SOIC package, which meets ANSI standards, EIA/TIA-422-B, and RS-485. It has an extraordinarily wide operational temperature range of -40 to +80 degrees Celsius. Prices start at $5.20 per unit in quantities of 1,000 or more. Detailed product data sheets on the IL485, other IsoLoop devices, and NVE's GMR technology are available at www.isoloop.com.

NVE is a world leader in supplying ultra high-speed isolator and sensor components based on Giant Magnetoresistance (GMR) for use in a wide range of communications, industrial, and military applications. NVE is also widely recognized as a leading developer of nonvolatile Magnetic Random Access Memory (MRAM) technology.

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Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Reform Act of 1995. Such statements are necessarily subject to risks and uncertainties that could cause actual results to vary from stated expectations, and such variations could be material and adverse. Additional information concerning the factors that could cause actual results to differ materially from the Company's current expectations is contained in the Company's SEC filings.

NVE Corporation, 11409 Valley View Road, Eden Prairie, MN 55344-3617
Phone: 952-996-1636; Fax: 952-829-9189