EDEN PRAIRIE, Minn.--June 19, 2001--NVE Corporation (OTCBB: NVEC) announced that it has recently begun shipping production quantities of its new IsoLoop® galvanic isolators to Robert Bosch GmbH's ETAS GmbH subsidiary. The NVE devices are replacing opto-electronic isolators in ETAS' automotive measurement products.

ETAS' Rainer Schittenhelm stated, "The NVE isolators are truly unique. In our application they allow higher-speed data transfer, use less power, and generate less heat than conventional isolators. Furthermore, NVE was able to meet ETAS' stringent performance and quality standards."

"John Myers, vice president of NVE's Isolator Business Unit commented, "The sale to ETAS is an important design win, and gives us a foothold in the automotive industry." The original equipment (OEM) automotive electronics industry is estimated to be a $20 billion market, according to Dayton, Ohio-based researcher The Freedonia Group.

Headquartered in Stuttgart, Germany, ETAS GmbH is an $83 million privately-held subsidiary of Robert Bosch GmbH. Robert Bosch is a leading supplier of automotive electronics such as ABS, brakes, fuel-injection technology, and driver information systems. ETAS provides tools used to develop embedded software functions to the automotive industry.

NVE designs and manufactures isolator and sensor components with the potential to revolutionize data transfer. Its devices allow networks to run at much higher speeds than otherwise possible, and unprecedented precision in industrial control and robotics. NVE is also widely recognized as a leading-edge developer of nonvolatile MRAM technology.

This release contains forward-looking statements as defined in Section 21E of the Security and Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Security and Exchange Act.