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Research Frisby Technologies

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SEVELEN, SWITZERLAND and WINSTON SALEM, N.C., – FRISBY TECHNOLOGIES INC. (NASDAQ – FRIZ), today announced that its partner, Schoeller Textil, AG, has developed a new fabric for use in the bedding industry that has been determined in testing conducted by a distinguished international research institute to provide a more restful night’s sleep. Schoeller partnered with another Swiss-based company, BSS Thermo-Bettwaren, AG, an innovative manufacturer of premium sleepware.

Frisby also announced that BSS is featuring this new fabric in its 2002 ThermoBalance® product line, which includes a down comforter, mattress cover and luxurious pillows in a range of warmth categories. BSS has exclusive rights to the use of the fabric in certain markets within Switzerland and Germany.

The schoeller®-COMFORTEMP® fabric is exclusively distributed in Europe by Schoeller Frisby Technologies GmbH, a joint venture between Frisby and Schoeller Textil. All schoeller®-COMFORTEMP® fabrics contain Frisby’s Thermasorb® thermal additive, a powder-like substance that automatically absorbs, stores and releases heat as required to maintain a balanced temperature.

The internationally renowned EMPA (Swiss Institute for Materials Testing and Research), in St. Gallen, Switzerland compared identical comforters with and without schoeller®-COMFORTEMP® fabric. The tests concluded that the active temperature-balancing provided by schoeller®-COMFORTEMP® fabrics noticeably reduced body movements during sleep and controlled the temperature within the bed’s sleep zone to between 26 and 28 °C (79 – 82 °F).

Commenting on the new fabric development, Hans-Jurgen Hubner, chief executive officer of Schoeller Textil, said, "This was a very interesting and complex design challenge and I am quite pleased with the results. We started this development with the goal to create a temperature-balancing fabric that would provide noticeable and appreciable benefit to the consumer and these tests indicate that we have achieved our goal."

Ueli Wehrli, chief executive officer of BSS Thermo-Bettwaren, added, "With schoeller®-COMFORTEMP® fabrics, we have created a new category of personally balanced sleep-ware products that interact with your body’s changing temperature needs. The notion that you can get a better night’s sleep by using this new generation of comforters is revolutionary and, so far, the market acceptance of this product has been better than we could have expected. We are excited that BSS is at the forefront of innovation in the bedding industry."

Greg Frisby, chairman and chief executive officer of Frisby Technologies, added, "This is the type of innovation we have come to expect from Schoeller and reflects our shared commitment to remain the leaders in phase change thermal management materials. Schoeller-Frisby has just begun commercial sale of the fabric and we expect this product to have a positive effect on Frisby’s European business in 2002 and beyond."

Frisby Technologies Inc. is a global leader in the development of temperature balancing materials for the apparel, footwear, sporting goods, and home furnishings industries. For more information, contact Frisby Technologies Inc. at 877-444-COMFORT, visit www.comfortemp.com or join the Frisby electronic news distribution list by sending your e-mail address to investors@frisby.com.

Schoeller Textil, AG, of Sevelen, Switzerland is a 130-year-old company that supplies innovative fabrics and technologies to a worldwide customer base for sports, fashion, industrial health and safety and industrial design. For more information, visit www.schoeller-textiles.com.

BSS Thermo-Bettwaren, AG of Stein am Rhein, Switzerland is manufacturer of premium sleepware; from pillows and simple machine-washable products with synthetic fillings to exquisite down comforters. Its products are sold throughout Switzerland and Germany at the finest home interior retailers. For more information on BSS Thermo-Bettwaren visit www.bss-thermo-bed.ch. To download a ThermoBalance with COMFORTEMP brochure visit www.thermobalance.com/comfortemp/downloads.htm.

Certain statements in this press release are forward-looking in nature and relate to the Company's plans, objectives, estimates and goals. Words such as "expects," "anticipates," "intends," "plans," "projects," "forecasts," "believes," and "estimates," and variations of such words and similar expressions, identify such forward-looking statements. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and speak only as of the date of this press release. The statements are based on current expectations, are inherently uncertain, are subject to risks and uncertainties and should be viewed with caution. Actual results and experience may differ materially from those expressed or implied by the forward-looking statements as a result of many factors, including, without limitation, those set forth under "Risk Factors" in the Company's Registration Statement on Form S-3/A filed with the Securities and Exchange Commission on March 21, 2002 and under "Business - Additional Factors that May Affect the Company’s Business and Future Results" in the Company’s Annual Report on Form 10-KSB for the year ended December 31, 2001 and, in addition, the Company’s ability to secure needed capital, the level of acceptance of the Company's thermal management products by consumers and industrial partners both domestically and internationally and the Company's ability to identify, develop and market new products, to develop, maintain or expand relationships with capable suppliers and to protect its intellectual property adequately. The Company makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date hereof that may affect the accuracy of any forward-looking statement.

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