NBS Technologies Inc.
TSX : NBS

NBS Technologies Inc.

November 01, 2005 17:15 ET

NBS Technologies Inc. Sues DataCard Corporation for Patent Infringement

TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2005) - NBS Technologies Inc. (TSX:NBS), announced today that its subsidiary, Card Technology Corporation, has filed suit against Datacard Corporation in the United States District Court for Minnesota for the infringement of certain patents owned by NBS relating to its UbiQ software suite. In the complaint, NBS alleges that Datacard's Smart Card Personalization Manager™ infringes these patents, which, among other things, permit smart card processing to approach the rated capacity of commercially available personalization machines.

"The UbiQ software suite allows us to offer improved EMV data preparation, key management and card issuance software solutions, a complete range of 3rd-party partner development tools, and support for issuance on multiple card types, operating systems and personalization hardware platforms. Moreover, the UbiQ software allows our personalization machines to process cards at a much faster rate than we would otherwise achieve. These capabilities position NBS uniquely as the only global provider of productized, robust and scalable end-to-end EMV solutions for a flexible heterogeneous production environment. The patents covering this technology protect our ownership of this important intellectual property, which we will aggressively defend" said David Nyland, President & Chief Executive Officer of NBS.

About NBS Technologies Inc.

NBS Technologies (TSX: NBS) - NBS is a leading provider of smart card manufacturing and personalization equipment, secure identity solutions, and point of sale transaction services for financial institutions, governments, and corporations worldwide. NBS Technologies is a global company with locations in Canada, China, France, U.S. and the UK, along with a worldwide dealer network. For more information, visit www.nbstech.com.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of NBS Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. No stock exchange or regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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