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DuraSwitch Receives $4 Million for Exclusive License Rights

22 May 2000

DuraSwitch Receives $4 Million for Exclusive License Rights

    PHOENIX, May 22 DuraSwitch Industries Inc. (Amex: DRA)
today announced it received the $4 million payment from Delphi Automotive
Systems Corporation for exclusive rights to utilize and manufacture
DuraSwitch's patented switch technology for the automotive industry.  This
non-refundable one-time charge is part of the agreement announced
April 25, 2000.
    "Receipt of this fee puts DuraSwitch in the strongest financial position
in the company's history," said Bob Brilon, DuraSwitch President and CFO.
"More importantly though, is the credibility generated from Delphi's
commitment to our patented technology."
    DuraSwitch Industries, Inc. engineers, distributes and licenses flat panel
and rotary switches under its patented switch technology
(US Patents No. 5,523,730 / 5,666,096 / 5,867,082 / 5,990,772 / 6,023,213).
For more information about DuraSwitch products, visit the website at
http://www.duraswitch.com or call (480) 586-3300.

    The statements and implications in this release regarding the development
of new products, the acquisition of new customers and anticipated revenues,
sales and profitability of the company are forward-looking statements, which
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.  These forward-looking statements involve risks
and uncertainties that could cause actual results to differ materially.
Factors that could cause or contribute to such differences include, but are
not limited to, unanticipated problems relating to the development,
manufacture and introduction of new products, costs of raw materials,
marketing and sales of DuraSwitch products, market acceptance of new products
and competitive and economic conditions encountered by the company and
existing and potential customers.  The forward-looking statements should be
considered in light of these risks and uncertainties.  For a more complete
description of the risks and uncertainties that face DuraSwitch, please see
the company's Form SB-2, year-end report on Form 10-KSB for the year ended
December 31, 1999 and other documents filed by DuraSwitch with the Securities
and Exchange Commission.