DuPont Corporation Awards International Dispensing the DuPont Award for Technical Innovation

HANOVER, Md.--(BUSINESS WIRE)--Aug. 29, 2003--International Dispensing Corporation (IDC) (IDND.PK) announced today that it has received the DuPont Award for IDC's patented Aseptic Gravity Flow Valve technology. The international awards ceremony was held in Philadelphia, PA.

DuPont and a panel of international food and medical packaging experts reviewed hundreds of technologies and selected 18 Award winners. IDC's Aseptic Gravity Flow Valve (GFV) was honored along side other technologies from companies such as Fuji Tokushu Shigyo Co, Ltd. Japan, Tetra Pak, Inc. Switzerland, GlaxoSmithKline, United Kingdom, Graham Packaging, Argentina, Pechiney Plastic Packaging, France, Cryovac Food Packaging, USA, Sealed Air, USA, B.Braun Medical, Inc. USA, Alcoa Flexible Packaging, USA, Bemis Corporation, USA and Owens-Illinois, USA.

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IDC was recognized for its leading-edge aseptic dispensing valve which has opened new markets for shelf stable, low acid non-preserved products that until now could not be dispensed from a flexible bag or pouch. IDC's GFV is the only disposable valve worldwide that is capable of traveling through aseptic fillers and able to dispense shelf stable, low acid products aseptically (free from microorganisms). The GFV's product list currently includes shelf-stable, low acid, dairy products and ready-to-drink coffee beverages. The GFV plans to expand into the liquid egg, edible oil, non-preserved juice and energy-drink markets, as well as pharmaceutical and neutraceutical products.

The GFV offers key advantages to the packaging industry, including a tamper-proof closure and an extremely tight seal that serves as an oxygen and bacteria barrier. The valve can fit onto any flexible bag, pouch or semi-rigid package and protects the package's contents from contaminants. The GFV was awarded utility patent protection in 2002 and 2003 in the USA, South Africa and Eurasia with other patent applications pending in various countries worldwide.

IDC, founded in 1995 and based in Hanover, MD, is a research and development company that develops and manufactures leading edge packaging and aseptic dispensing solutions for the foodservice and pharmaceutical industries.

Additional information about IDC's products is available at the IDC web site, http://www.idcdispensing.com or by contacting Ms. Maryann McManamon 410-761-0070 Ext 224.

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect IDC's current views about future events.

Risks, which may cause actual results to differ materially, may include, but are not limited to: the lack of acceptance of IDC's products by potential customers; IDC's failure to continue to develop its product line or to attract and retain customers; its failure to anticipate and adapt to developing markets and the presence of competition, including potential competitors that are larger than IDC, with greater financial, technical, and marketing resources.