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NVE Awards and Accolades

2015 Frost & Sullivan Awards
Technology Leadership Award for Spintronic Magnetic Sensors

ExecRank’s “Top Small Cap CEOs”
(NVE CEO Daniel Baker; November 2012)
“The CEOs that made this list represent the best of the best in executive management and leadership for 2012.”

Top 25 List of Hardest-Working Board Directors
(NVE Chairman Terrence Glarner ranked first in total committee activity and first in average tenure; The Business Journal, June 8, 2012)

Top 100 Largest Minnesota-Based Public Companies
(Ranked 87th in revenue and third in return on revenue, Star Tribune, May 6, 2012)

Top 20 Small Public Companies In America
(Ranked 15th on list of the best-performing public companies with under $1 billion in revenue, Forbes, October 19, 2011)

Top 25 Fastest-Growing Public Companies (Ranked 12th)
(List of top 25 fastest-growing public companies in Minnesota ranked by annualized three-year revenue growth; published by the Minneapolis/St. Paul Business Journal, October 7, 2011)
“In a struggling economy, these companies are defying the odds—in a big way.”

Top 25 List of Hardest-Working Board Directors
(NVE Chairman Terrence Glarner; The Business Journal, June 10, 2011)

Tech Growth Plays
(Forbes.com, April 13, 2011)
One of the seven top technology companies out of more than 5,000.

2011 Frost & Sullivan Awards
2011 North American Technology Innovation of the Year Award for the Magnetic Sensors market

19 Consistently Sound Picks for 2011
(Seeking Alpha, January 3, 2011)
“...all [19 companies] have strong balance sheets and demonstrate the ability to grow sales, earnings from continuing operations, and free cash flow.”

Highest Operating Margin in the Semiconductors Industry
(the Semiconductors industry as ranked by operating margin, Investor’s Business Daily, November 26, 2010)
“NVE has an operating margin of 54.5% on trailing 12 months sales of $29.9 million and sales growth of 20%.”

America’s Best CEOs, 2010
(Awarded to NVE CEO Daniel Baker by DeMarche Associates)

America’s 100 Best Small Companies (Ranked 45th)
(Forbes, November 8, 2010; based on earnings growth, sales growth and return on equity in the past 12 months and over five years.)
“While many of the names may not be familiar, these hardy competitors have racked up remarkable growth over the last challenging five-year stretch.”

Top 25 Fastest-Growing Public Companies (Ranked 11th)
(List of top 25 fastest-growing public companies in Minnesota ranked by annualized three-year revenue growth; published by the Minneapolis/St. Paul Business Journal, October 22, 2010)
“Medical technology and high-tech companies made the strongest showing on this year’s list...” In a struggling economy, these companies are defying the odds — in a big way. We show you the fastest-growing public companies in Minnesota and the fastest-growing private companies in the Twin Cities. Read

Top 25 List of Hardest-Working Board Members
(The Business Journal, June 11, 2010; NVE Chairman Terrence Glarner ranked first in stock performance, first in average tenure, and fifth overall)

Top 100 Largest Minnesota-Based Public Companies
(Ranked 96th in revenue, second in return on assets, and first in return on revenue, Star Tribune, April 25, 2010)
“Revenue jumped 19.1 percent at nanotechnology firm NVE Corp., which allowed it to debut this year at No. 96.”

Top 10 Most Efficient Semiconductor Stocks
(China Analyst, April 23, 2010)
“NVE Corporation is the most efficient company in this segment of the market. Its earnings per employee was $230,210 for the last 12 months.”

Product of the Month
(NVE’s 1.1 × 1.1 × 0.45 mm industrial GMR magnetic sensors, Konstruktion & Engineering, April 2010)
“Extremely small and low-current magnet switches.”

Top 100 Largest Minnesota-Based Public Companies (Ranked 92nd)
(For the first time, NVE made the list of the largest companies in Minnesota ranked by trailing four quarters revenue; published by The Business Journal, April 2, 2010)

Top 10 Fastest-Growing Semiconductor Stocks
(China Analyst, March 12, 2010)
“The top 10 fastest-growing semiconductor stocks, based on the average long-term earnings growth rate estimated by Wall Street analysts.”

Top Five Semiconductor Stocks (Ranked second)
(TheStreet, February 25, 2010)
TheStreet’s quantitative equity model considers the following five stocks the best-in-breed of the semiconductor industry.”

Top Product of the Year
(NVE’s 1.1 × 1.1 × 0.45 mm GMR magnetic sensor for battery-powered implantable medical devices, Medical Product Manufacturing News, November/December 2009)
MPMN continues its tradition of honoring some of the most buzz-worthy products and services.”

Hardest-Working CFO
(NVE CFO Curt Reynders included in list of CFOs of Minnesota’s public companies ranked across seven categories, The Business Journal, November 20, 2009)

Top 10 Small Public Companies In America (Ranked eighth)
(Forbes, November 2, 2009)
“the top-performing, publicly held up-and-comers.”

America’s Best CEOs, 2009
(Awarded to NVE CEO Daniel Baker by DeMarche Associates; one of three CEOs recognized in the semiconductors and semiconductor equipment industry)

FSB 100—America’s fastest-growing small public companies
(Fortune Small Business, July/August 2009)
Ranked first in Minnesota, 13th in America, and third in the technology industry.
“...in this Great Recession, their performance is nothing short of miraculous.”
[Minnesota Companies Among Fastest Growing]    [Annotated List via microcapspeculator.net]

IBD New America
(Recognized by Investor’s Business Daily June 16, 2009, June 22, 2007, and April 14, 2004)
“entrepreneurial companies changing the way we live or do business.”

50 Hardest-Working Board Members
(The Business Journal, June 12, 2009; NVE Chairman Terrence Glarner ranked sixth)

Top 25 Fastest-Growing Public Companies
(Listing of Minnesota’s 25 fastest-growing public companies ranked by annualized three-year revenue growth; published by The Business Journal, May 1, 2009)

2009 Top 100 Companies
(St. Paul Pioneer Press, March 22, 2009)
Moved up 16 places in market value rank (to 60th from 76th), ranked eighth in one-year return (8.7%), and ninth in net income growth (37.5%) among Minnesota’s largest publicly-held companies.

Top 5 Small Cap Stock
(TheStreet, March 20, 2009)
“Our rating is supported by the company’s growth in revenue, net income, and EPS, as well as its efficiency, solvency and solid stock price performance.”

Top 25 Best Stock Performers (Ranked seventh)
(The Business Journal, January 30, 2009)
“As a performer, they’ve endeared themselves to more investors.”

Top 20 Product (NVE AAV003-10E GMR current sensor)
(eepn, January 9, 2009)
“GMR Current Sensor Sports Wide Range”

2008 Hot 100 Product (Power)
EDN Magazine, December 18, 2008
(Awarded for IsoLoop IL500-Series spintronic couplers)
“Compiled by EDN’s editors, this annual listing highlights the electronics industry’s most innovative and significant products....”

Technology Fast 500, 2008
“The Deloitte Technology Fast 500 ranks North America’s fastest growing technology, media, telecommunications and life sciences companies.”

America’s Best CEOs, 2008
(Awarded to NVE CEO Daniel Baker by DeMarche Associates; one of two CEOs recognized in the semiconductors and semiconductor equipment industry)

The 200 Best Small Companies (Ranked 39th)
(Forbes, October 27, 2008)
“The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over five years.”

Hardest-Working CFO
(NVE CFO Curt Reynders included in first list of top CFOs of Minnesota’s public companies of all sizes, The Business Journal, June 20, 2008)

Hardest-Working Board Member
(NVE Chairman Terrence Glarner included in the 50 Hardest Working Board Members list, The Business Journal, June 13, 2008)

2008 Daniel E. Noble Award
Awarded to NVE Founder James M. Daughton “for fundamental contributions to the development of magneto-resistive devices for non-volatile, high density, random access memory.”
[Ceremony Excerpts]      [Recipient Biographies]

Fastest-Growing Small Public Companies (Ranked 20th)
(Minnesota’s small public companies ranked by annualized three-year revenue growth; published by The Business Journal, May 2, 2008)

Entrepreneur Of The Year® Upper Midwest Finalist
(NVE CEO Daniel Baker named a finalist for the Ernst & Young Entrepreneur of the Year Award in the Upper Midwest, April 28, 2008)
“These finalists are the best of the best, embodying the unique spirit of entrepreneurism. They positively impact our region in a major way, through jobs, community growth and development and innovation.”

2008 Top 100 Companies
(St. Paul Pioneer Press, March 23, 2008)
Ranked ninth in five-year return (32%), eighth in one-year return (28%), and fourth in net income growth (69%) among Minnesota’s largest publicly-held companies.

2007 Tibbetts Award
(Presented October 10, 2007)
“In selection for Tibbetts Awards, the focus is primarily on: economic impact of technological innovation; business achievement and effective collaborations; and demonstrated state and regional impact and proven support.”

2007 Performance Report: Small 50 Public List (Ranked third)
(Small Minnesota public companies ranked by performance across five categories; published by The Business Journal, October 5, 2007)

NASA Certificate of Appreciation
(Presented September 12, 2007)
“a major contributor to NASA programs... the company provided their products/services to support many NASA programs/projects.”

Hardest-Working CFOs
(The Business Journal, June 22, 2007; NVE CFO Curt Reynders ranked seventh in top 10 list for small public companies; NVE Audit Committee Chair Patricia Hollister ranked third for large public companies)
“Chief financial officers of Minnesota’s public companies ranked in first ever quantitative research.”

Hardest-Working Board Members
(The Business Journal, May 25, 2007; NVE Chairman Terrence Glarner ranked sixth; Director James Hartman ranked 44th)
“we recognize these top directors of Minnesota’s most important public companies like Target, Medtronic and General Mills.”

America’s Best CEOs, 2007
(Awarded May 2007 to NVE CEO Daniel Baker by DeMarche Associates)
“This award goes to a small group of American CEOs who have provided their shareholders with exceptional value over the last three years.”

2007 Top 100 Company
(St. Paul Pioneer Press, March 11, 2007)
Ranked fifth in net income growth and 89th in overall market value among Minnesota’s largest publicly-held companies.

Best Stocks of 2006 (Ranked 63rd)
(Investor’s Business Daily, January 2, 2007)

Top 20 Product (NVE IL700-S Series Couplers ranked #1)
(EE Product News, November 29, 2006)
“NVE’s digital isolators break speed records”

2006 Top 50 List (Ranked 11th overall)
(Small Minnesota public companies ranked by performance across five categories; published by The Business Journal, October 6, 2006)

One of America’s 100 Most Improved Companies
(DeMarche Associates, February 2006)
“for achieving operating performance within the top 3% of all major U.S. corporations, success in managing both growth and risk factors and consistently improving operating performance.”

2005 Top 50 List (Ranked 31st overall)
(Small Minnesota public companies ranked by performance across five categories; published by The Business Journal, September 30, 2005)

30 Best Small Electronics Companies (Ranked 12th)
(National ranking by Reed Research Group; published in Electronic Business, April 2005)
“Reed Research Group considered quantitative factors such as profitability, quarter-to-quarter revenue growth and future growth potential. Qualitative attributes such as innovation, leadership and technology were also taken into account.”

Hot 100 Product (Components)
EDN Magazine, December 17, 2004 (.pdf)
“of the thousands that manufacturers announce each year and the hundreds that EDN reports on, only about 100 hot products make our readers really sit up and take notice.”

Tekne Award for Innovation—Emerging Company
(Presented November 9, 2004)
Minneapolis/St. Paul Business Journal
“Honors a business that has demonstrated leadership, dedication and excellence in the development of an innovation with the potential to contribute significantly to Minnesota’s technology-based economy”

Outstanding Director Award
(October 28, 2004; presented by Twin Cities Business and the National Association of Corporate Directors to NVE Chairman Terrence Glarner for service to NVE).
“Terry Glarner is a directors’ director, a pro.”

Top Five Hardest-Working Board Members
Minneapolis/St. Paul Business Journal, May 28, 2004
(NVE Chairman Terrence Glarner ranked second)

Silicon Strategies’ 60 Emerging Start-ups
Silicon Strategies, April 6, 2004
“...editors from the online site have selected companies based on a mix of financial position, investors, markets, and technology. The start-ups on our list are the ones that made an impression...”

Ten Favorite Companies
St. Paul Pioneer Press, March 7, 2004
“one of the most exciting dramas unfolding in the high-tech community here.”

Frost & Sullivan Awards
 •  Technology Leadership Award for MRAM, 2004
 • Growth Strategy Leadership Award for GMR sensors, 2004

40 Companies to Watch in ’04
Twin Cities Business Monthly, January 2004

Small Business Innovation Research Award
Presented by Minnesota Project Innovation, November 13, 2003

Ones to Watch in 2003
Minnesota TechnologyTech 2003,” October 2003
(NVE President and CEO Daniel Baker listed as one of six leaders of Minnesota’s tech community)

Top Board Member
Minneapolis / St. Paul Business Journal, September 22, 2003
“If [NVE Chairman] Terrence Glarner ever slows down long enough to give you a peek, you’ll see what many describe as the ideal board member. He has years of business experience, a level head, a diplomatic manner and an unswerving dedication to the best interests of stockholders.”

Governor’s Office Certificate of Commendation
Presented by Minnesota Governor Jesse Ventura, April 2002

Excellence Award
Presented by Minnesota Project Innovation, April 26, 2002
“...in recognition of your entrepreneurial spirit”

Product of the Month
ChipCenter, April 2001
Recognizing the IL485 Isolated Transceiver: “an extremely nice product that will sell extremely well.”

Technology Fast 50 (Ranked 30th)
Deloitte & Touche, 1999
“The Fast 50 recognizes and honors the fastest-growing regional technology companies whose leaders have the vision and determination to beat the odds and build companies that contribute to the world with long-term solutions”

Technology Fast 50 (Ranked 20th)
Deloitte & Touche, 1998

Hot 100 Product (North America)
(Awarded for NVE anti-counterfeiting sensors by EDN Magazine, December 4, 1997)

1997 National Tibbetts Award
“These prestigious national awards are made annually to those small firms, projects, organizations and individuals judged to exemplify the very best in Small Business Innovation Research achievement.”

IEEE Life Fellow (1996)
Awarded to NVE Founder James M. Daughton “for pioneering work on commercial magnetic field sensors and memories using giant magnetoresistance materials.”

Product of the Month (January 1995)
Sensors Magazine
Awarded for NVE’s GMR magnetic field sensors: “Because of the unique characteristics of high stability, increased sensitivity, and small size, these GMR sensors expand the use of solid state magnetic field sensing technology in the industrial, automotive, medical, and consumer electronics markets.”

Governor’s Office Certificate of Commendation
Presented by Minnesota Governor Arne Carlson, September 1991

Small Business Innovation Research Award (first of several)
Presented by Minnesota Project Innovation, September 1991