LOGIC DEVICES REPORTS SECOND QUARTER OF FISCAL 2001

SUNNYVALE, Calif. (April 26, 2001) - LOGIC Devices Incorporated (Nasdaq: LOGC), today reported revenue and earnings for the three months ended April 1, 2001. Revenues for the quarter ended April 1, 2001 were $2,539,600 compared to $2,768,800 for the quarter ended April 2, 2000. The Company recorded earnings of $11,900, or $0.00 per share, for the fiscal 2001 quarter, compared to $93,400, or $0.01 per share, for the fiscal 2000 quarter.

"The general slowing of the economy and particularly of the semiconductor industry resulted in an eight percent decrease in revenues compared with the prior year," stated Bill Volz, president of LOGIC Devices. "While we are disappointed by this 8% drop, our comparative results were much better than the rest of the industry has been reporting, reflecting the diversity of the markets where our products are used. The tough cost-cutting decisions we made in the past year have prepared us to ride out the current environment. In fact, while the downturn has adversely affected certain markets we service, we have used the sharp personnel cutbacks in the industry to significantly expand our product development team.

By the first of May, our product development team will double in size since the beginning of the year. We are determined to grow our way through this slow period."

"As with most companies in the industry, we have limited visibility at this time. However, with proprietary positions in a broad base of key electronic systems, our current concerns are primarily over the timing of certain large revenue opportunities. With this confidence, we are proceeding to take full advantage of the opportunities that this environment presents to position for the inevitable recovery," concluded Volz.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements in this press release regarding expectations of future events are "forward-looking statements" involving risks and uncertainties, including, but not limited to, market acceptance risks, the effect of economic conditions and shifts in supply and demand, the impact of competitive products and pricing, product development, commercialization and technological difficulties, availability of capital, and capacity and supply constraints. Please refer to the Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) for a discussion of risks in the most recent LOGIC Devices Annual Report on Form 10-K and the quarterly report under Form 10-Q.

Established in 1983, LOGIC Devices develops and markets high-performance integrated circuits. The Company's products are utilized to perform digital video processing in high definition broadcast studio equipment, medical diagnostic imaging systems, and smart weapons systems. The Company's products are also utilized in high-performance telecommunications and networks.