RNS Number:1070I
NXT PLC
28 February 2003

28 February 2003

                                    NXT plc

             NXT Technology to be Licensed by 3M in Exclusive Deal


NXT PLC, the British audio and speech technology company, today announces that
it has entered into an agreement with the US based, diversified technology
company, 3M. Through the new agreement NXT issues 3M an exclusive worldwide
license for technology unrelated to NXT's speaker technology.

The technology will be licensed to 3M Innovative Properties Company and will be
commercialised through 3M's Display and Graphics Business. Under the terms of
the agreement, 3M will pay NXT a US$4 million up-front payment and royalties for
the life of the patents. As part of its commercialisation efforts 3M will also
sponsor continuing research at NXT as part of the agreement.

David Pearson, NXT's Chief Executive commented: "This new relationship with 3M
is good news for NXT. The development of this new technology reflects the depth
of our understanding of bending wave technology and is part of our on-going
effort to leverage this intellectual capital base to create new revenue streams.
The relationship with 3M is part of our long-term strategy of partnering with
industry leaders in commercialising our technologies. This has been evident in
our relationships with global brands such as NEC and Philips.

NXT and 3M continue to investigate opportunities to strengthen the relationship
between the companies which may include ways to implement NXT's SoundVu(R)
technology in other 3M products.


ENDS

For additional information, please contact:

NXT PLC                                                      Tel: 020 7343 5050
David Pearson, Chief Executive
Peter Thoms
Capital Communications MS&L                                  Tel: 020 7878 3181
Nick Lockwood                                                or 07941 783 324
Paula Crymble

About NXT

NXT's business is the invention, patenting, licensing and marketing of enabling
technologies in sound and speech. NXT is setting a new world-standard in
loudspeakers. It offers a superior alternative to existing technologies across
most product sectors while creating new opportunities where conventional
technology has been unable to deliver. NXT has developed industry-specific
expertise and is focused on helping its licensees get product to market
efficiently and cost effectively.

NXT has more than 250 licensees for its patented SurfaceSound(R) flat panel
loudspeaker technology.

Licensees include Acer Computers, Armstrong, Authentic (mainly owned by NEC),
DaimlerChrysler, Fiat R&D North America, Fujitsu Ten, General Motors, Intier, LG
Electronics, Matsushita Communication Industrial, Philips, Siemens, Sony
Ericsson Mobile Communications, TDK and Visteon. The company, which is fully
listed on the London Stock Exchange (symbol NTX), has Technology Centres in
Cambridge and Malvern and operations in London, Yokohama, Hong Kong, California,
Detroit and Stuttgart.

For more information, please refer to: www.nxtsound.com.


About 3M

3M is a $16 billion diversified technology company with leading positions in
consumer and office; display and graphics; electronics and telecommunications;
health care; industrial; safety, security and protection services;
transportation and other businesses. Headquartered in St. Paul, Minnesota, the
company has operations in more than 60 countries and serves customers in nearly
200 countries. 3M, which marks its 100th anniversary this year, is one of the 30
stocks that make up the Dow Jones Industrial Average and also is a component of
the Standard & Poor's 500 Index.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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