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Numerex and Niigata Seimitsu/Toyota Industries Corporation Forge Strategic Alliance

Posted on: Tuesday, 9 December 2003, 06:00 CST

ATLANTA, Dec. 9 /PRNewswire-FirstCall/ -- Numerex Corp. and Niigata Seimitsu/Toyota Industries Corporation today announced their joint strategy to manufacture and distribute Numerex's extensive suite of product offerings. This joint initiative is designed to provide Numerex wireless telemetry customers with superior product integrity, reliability and overall assurances of real-time product availability. Under the terms of the agreement, Niigata will be the primary manufacturer for the finished goods and products of the various Numerex wireless product lines including Uplink, MobileGuardian and VendView.

"We are delighted to be allied with Niigata Seimitsu and Toyota Industries Corporation, which we expect will dramatically enhance our supply chain management and speed-to-market strategies," said Stratton Nicolaides, Chairman and CEO of Numerex. "Their world class manufacturing and engineering expertise will enable us to deploy better products with an improved cost margin structure, and will positively impact Numerex channel partners and customers worldwide."

"There is huge potential for the telematics and wireless data markets in North and South America and worldwide. Niigata Seimitsu is pleased to be aligned with Numerex, an experienced leader in the industry," notes Takeshi Ikeda, President and CEO of Niigata Seimitsu. "We look forward to combining the marketing and engineering expertise of Numerex with our own considerable R&D and manufacturing talents. Our approach is to continue to develop state of the art products while achieving considerable cost reductions through innovations in design and process."

"We believe that the complementary strengths of Numerex, Niigata Seimitsu, and Toyota Industries will be a key factor in accelerating the expansion of wireless data applications in the marketplace," said Shozo Nakayama, Executive Vice President and Representative Director of Toyota Industries.

ABOUT NUMEREX

Numerex is a technology company comprised of operating subsidiaries that develop and market a wide range of communications products and services. The Company's primary focus is wireless data communications utilizing proprietary network technologies. The Company offers products and services in wireless data communications through Cellemetry(R), Uplink(TM), MobileGuardian(TM) and VendView(TM); and digital multimedia through PowerPlay(TM) and IPContact(TM). These services enable customers around the globe to monitor and move information for a variety of applications from home and business security to distance learning. In addition, the Company offers wireline alarm security products and services, as well as telecommunications network operational support systems. Visit the Numerex Web site for additional information at: http://www.nmrx.com/ .

About Niigata Seimitsu

Niigata Seimitsu Co., Ltd. is a Japan-based, privately held company and electronics OEM manufacturer with 22 years of expertise in COB, LCD, and high density SMT mixed assembly. Based on the superior designs of its in-house hardware design team and with close cooperation between R&D and production engineers, Niigata creates products with low cost, high quality, and high yield rate. Niigata is recognized as one of the largest and most respected manufacturers in this field.

In addition to successful OEM manufacturing, Niigata has dedicated substantial R&D efforts to development of innovative technologies, including the world's first distributed constant type noise filter and the world's first lead frameless memory. Their SMT and COB techniques have allowed remarkable reductions in PCB size, translating to significant product miniaturization capabilities. Niigata developed the world's first Full CMOS IC tuner module for the car stereo market, incorporating tuner and audio output in a footprint less than 1/16th that of conventional products. By applying this technology, Niigata has developed a single chip RF circuit for various applications. For more information on Niigata Seimitsu, visit their website at: http://www.niigata-s.co.jp/ .

About Toyota Industries Corporation

Toyota Industries Corporation has aggressively diversified its business fields from textile machinery industry to automobile industry including manufacturing engines and car air-conditioning compressors, materials handling, electronics, and logistics solutions business. The car air- conditioning compressors and materials handling equipments (forklift trucks) hold the world top market shares, and they are currently the mainstays of Toyota Industries' operations.

The company has been working actively to venture into new lines of business in electronics area, which is considered to be a promising field. As one of these activities, the company has developed ultra-compact radio tuners for AM/FM/broadcasts, through joint efforts with Niigata Seimitsu, utilizing total CMOS RF IC technology for car radio systems, mobile phones, PDAs and other information devices. For further information, please visit the website at: http://www.toyota-industries.com/ .

Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release.

Numerex Corp.

CONTACT: Investors, Alan Catherall of Numerex, +1-770-485-2527

Web site: http://www.nmrx.com/http://www.toyota-industries.com/http://www.niigata-s.co.jp/

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