Ottawa, Canada, November 24, 2000 - Precidia Technologies Inc. announced today that it was chosen as a 'New Business of the Year' by the Ottawa Board of Trade. The winners were announced at a gala event Thursday evening. The Ottawa Business Achievement Awards recognize excellence in the Ottawa business community.

"This award represents the culmination of a year of dramatic growth and development. To be recognized in this manner by your peers in the community is a strong validation of Precidia's success in developing superior products and bringing them to our retail and telco partners and customers ", said Deepak Wanner, President of Precidia.

Of the 800 new businesses created in the Ottawa region this year, Precidia was one of three companies selected to receive this award. The decision was based on a number of criteria, including job creation, customer satisfaction, R&D, and community involvement.

"I am thrilled to see Precidia win this award. It simply confirms what we already know, that Precidia is a strong, successful pre-IPO company with partners, customers and products. ", said Matt Lawton of McLean Watson Capital, an investor in Precidia.

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.