FOR IMMEDIATE RELEASE

LOGIC Devices Receives Nasdaq Delisting Warning

SUNNYVALE, Calif., - July 23, 2002
LOGIC Devices Incorporated (Nasdaq:LOGC), today announced that, on July 17, 2002, it received a warning from Nasdaq that the Company may be delisted. The letter from Nasdaq states, "For the last 30 consecutive trading days, the Company's common stock has not maintained a minimum market value of publicly held shares of $5,000,000 and a minimum bid price per share of $1.00, as required for continued inclusion under Marketplace Rules 4450(a)(2) and 4450(a)(5), respectively." Under the Nasdaq rules, the Company has 90 days, or until October 15, 2002, to regain compliance. Otherwise, Nasdaq will provide notification that the Company will be delisted. At that time, the Company can appeal the determination to a Listing Qualifications Panel, in accordance with Nasdaq's rules. The Company is currently reviewing its options.

Established in 1983, LOGIC Devices is a fabless semiconductor manufacturer providing high-performance, function-specific integrated circuits that are utilized in smart weapons systems and in broadcast studio, medical imaging, and digital telecommunications equipment.

"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.

Editorial Contact:
LOGIC Devices Incorporated
Bill Volz, (408) 542-5400 (President)
Kimiko Lauris, (408) 542-5400 (CFO)