Press Release September 10, 2003
NVE CEO to Present at Wall Street Analyst Forum

EDEN PRAIRIE, Minn.--September 10, 2003--NVE Corporation (NasdaqSC: NVEC) today announced that Daniel A. Baker, Ph.D., President and CEO, is scheduled to address the semiconductor section of the 49th Wall Street Analyst Forum's Analyst Conference in New York City on Wednesday, September 17, 2003 at 11:40 a.m. Eastern Time. NVE is among 75 leading NYSE, NASDAQ, and AMEX companies scheduled present at this conference.

A webcast of the presentation can be accessed through http://www.firstcallevents.com/service/ajwz388260340gf12.html or via the investor relations section of NVE's web site at www.nve.com. The presentation will be available live and for 30 days after the conference.

Analysts and portfolio managers who wish to attend the presentation should contact The Wall Street Analyst Forum at (802) 253-7596 to request additional information.

NVE is a leader in the practical commercialization of spintronics, which many experts believe represents the next generation of microelectronics. NVE licenses its MRAM intellectual property and sells spintronic products including sensors and couplers to revolutionize data acquisition and transfer.