Ottawa, Canada, January 31, 2001 - Precidia Technologies, the leader in IP enabling technology solutions, announced today the appointment of Nelson Haslam as Vice President, Operations. Mr. Haslam is responsible for spearheading the company's customer service procedures, including post-sales technical support, production, and purchasing.

Most recently Director of Operations for Solectron Global Services, Mr. Haslam was responsible for Production, Development, Sales, Information Systems, Logistics, Inventory Management and Facilities. With over 25 years experience in the service and manufacturing industries, Mr. Haslam has held management positions in various capacities.

"Nelson brings to Precidia his expertise in developing customer service programs and implementing workable process solutions. Nelson's contribution will be extremely valuable as the company grows, in ensuring that customer service requirements are met and exceeded", said Deepak Wanner, President of Precidia Technologies. "Customer care is one of the most crucial factors in the success of any company, and I firmly believe that Nelson and his team will deliver to our customers."

"Precidia has a strong technology base and a product offering that is strongly geared towards the needs of our customers", said Mr. Haslam. "As we broaden our customer base in Canadian and US Point-of-Sales (POS), as well as growing into the North American market for thin server devices, the operations team will ensure that our customers continue to receive the best service possible, at the lowest cost."

About Precidia Technologies
Precidia Technologies Inc. is a global leader in the design and manufacture of IP access devices for a wide range of industries, including retail payments and building automation. With customers in over 75 countries, Precidia's unique product line of wired and wireless access devices seamlessly migrate stand-alone serial and dial equipment onto more sophisticated IP networks. For more information, visit Precidia on the Web at http://www.precidia.com.