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Press Release

*** FOR IMMEDIATE RELEASE ***

NEC AND CANESTA TEAM TO EXPLORE THE FUTURE OF ELECTRONIC PERCEPTION TECHNOLOGY

Initially, NEC Will Apply Canesta's Breakthrough 3-D Imaging Technology to Wireless and Mobile Devices

SAN JOSE, CALIFORNIA AND TOKYO, JAPAN –- October 28, 2002 -- Canesta Inc, has disclosed that NEC Corporation is evaluating Canesta's electronic perception technology for applications in NEC's broad product line. Initially, NEC will focus on using the Canesta Keyboard Perception Chipset™, which implements the technology, in mobile and wireless devices. Electronic perception technology is the first low-cost, practical technology to enable everyday machines and computer devices to "see" by tracking nearby objects in three-dimensions in real time.

Canesta's electronic perception technology was launched last Spring. In September, the Canesta Perception Chipset was introduced to enable the world's first integrated projection keyboards to be designed into such mobile products as smartphones, PDAs, tablet PCs, or cell phones. Original equipment manufacturers (OEMs) will be able to offer their customers the convenience of a full-sized keyboard and mouse created "out of thin air" by projected beams of light.

"Canesta's technology has the potential to drastically change the way people think of and use electronic devices," said Kazuhiko Kobayashi, Company Deputy President, NEC Solutions. "In particular, it will be a key technology in making a ‘Ubiquitous Computing' environment a reality. This will mean that people will be able to use computers and access the Internet anytime, anywhere."

At the WPC Expo in Tokyo, Japan, NEC exhibited a prototype projection keyboard using the Canesta Keyboard Perception Chipset™. Specifically, the keyboard was connected to an NEC Tablet PC, a new PC concept strongly promoted by Microsoft Corporation.

"We are very pleased that NEC has acknowledged the importance of our technology in the mobile and wireless market," said Nazim Kareemi, Canesta's president and CEO. "We look forward to working closely over the years."

About NEC Corporation

NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.1) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, through its three market-focused, in-house companies: NEC Solutions, NEC Networks and NEC Electron Devices. NEC Corporation employs more than 140,000 people worldwide and had net sales of approximately $39 billion in the fiscal year ended March 2002. For additional information, please visit the NEC home page at: http://www.nec.com

About Canesta

Canesta is the inventor of a revolutionary, low-cost electronic perception technology that enables ordinary electronic devices to perceive and react to nearby objects or individuals in real time.

When sight-enabled with Canesta's unique electronic perception chips and software, consumer, automotive, industrial, military, and medical products will gain functionality and ease of use not possible in an era when electronics were blind.

Canesta was founded in April 1999, and is located in San Jose, CA. The company has filed or has been granted in excess of 30 patents. Investment to date exceeds $20 million, from Carlyle Venture Partners, Apax Partners (formerly Patricof & Co Ventures, Inc.), JPMorgan Partners (formerly Chase Capital Partners), TechFund Capital, and Thales Corporate Ventures (formerly Thomson-CSF Ventures.) Canesta has over 40 employees.

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Editors' Note: Canesta Keyboard and Perception Chipset are trademarks of Canesta Inc. All other trademarks and registered trademarks are those of their respective companies.

Additional background information is available at www.roeder-johnson.com.
For press or Web-quality graphics, contact Paul Michelson at paul@roeder-johnson.com


Contact:

Paul Michelson | Abigail Johnson
Roeder-Johnson Corporation
(650) 802-1850
paul@roeder-johnson.com | Abigail@roeder-johnson.com