Oak Ridge Micro-Energy Announces a Three-for-One Forward Split

CONTACT:
Mark Meriwether
(801) 556-9928
mark.m@oakridgemicro.com

OAK RIDGE, Tennessee -- May 20, 2004 -- Oak Ridge Micro-Energy Inc. today announced the company declared a three-for-one stock dividend to stockholders of record as of May 20, 2004. The dividend shall be distributed on a mandatory share certificate exchange basis effective June 1, 2004, which will result in a three-for-one forward split of the company's common stock on such date.

About Oak Ridge Micro-Energy Inc.

Oak Ridge Micro-Energy Inc. provides thin-film, micro-scale, solid-state batteries for commercial, consumer, industrial, homeland security, government and medical applications. The Oak Ridge Micro-Energy thin-film micro-battery is rechargeable, lithium-based, and is manufactured to be significantly thinner than common plastic wrap. The Oak Ridge thin-film battery is intended for applications such as smart sensors that operate in harsh environments, security cards, wireless sensors, radio frequency identification (RFID) tags, semiconductor non-volatile memory chips and advanced medical devices. The company maintains offices in Oak Ridge, Tenn., and Salt Lake City.

Additional information on Oak Ridge Micro-Energy Inc. may be obtained by visiting the company's Web site at http://www.oakridgemicro.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.