EDEN PRAIRIE, Minn.--September 2, 2004--NVE Corporation (NasdaqSC: NVEC) announced that Stephens Inc. initiated research coverage effective today. Marcus Mainord is the lead analyst and Todd Cooper, Managing Director, is overseeing Stephens Inc.'s nanotechnology initiative.

Stephens Inc. is a full-service, privately-owned investment bank and one of the largest firms off Wall Street. The firm's research department comprises 20 analysts and 16 associate analysts, all of whom provide fundamental equity research in a wide range of industries and together cover more than 180 stocks.

In May 2004, Mr. Cooper was named StarMine's top stock picker in the electrical equipment sector.

Contact information for Stephens Inc. and other analysts providing research on NVE can be found in the Investor Relations section of NVE's Web site at www.nve.com.

Any opinions, estimates or forecasts regarding our performance made by analysts are theirs alone and do not represent opinions, forecasts or predictions of NVE or its management.

NVE statements that relate to future plans, events, financial results or performance are forward-looking statements that are subject to certain risks and uncertainties including the risk factors listed from time to time in the company's filings with the SEC, including our Annual Report on Form 10-KSB and other reports filed with the SEC.