Press Release

PHOENIX--(BUSINESS WIRE)--July 10, 2003--HEAD (NYSE: HED) Racquet Sports continues its legacy of innovation with the 2003 launch of the Liquidmetal(R) racquet line, incorporating Liquidmetal(R) technology - the only material that uses all the energy your swing generates.

Developed by the California Institute of Technology and Liquidmetal(R) Technologies (NASDAQ: LQMT), Liquidmetal(R) alloy provides 29% more power than Titanium. As its name implies, Liquidmetal(R) alloy is different from conventional materials because of its liquid (or "amorphous") atomic structure. This means that Liquidmetal(R) alloy does not deform on impact, resulting in ultimate energy return.

HEAD has maximized the benefits of Liquidmetal(R) alloy by applying it to four strategic areas of the racquet's head, integrated in the main layer of the frame's construction. This allows all energy from ball impact to be used for a power return -- so what a player puts into his or her swing is exactly what they get out.

"In less than five years we've been able to create two #1 selling racquet technologies with Titanium and Intelligence. Now we are bringing to the market an unbelievable new power technology that will again revolutionize the sport," said Johan Eliasch, CEO of HEAD N.V. "Tennis players will immediately feel the advantages of this technology on the courts."

Benefits of HEAD's Liquidmetal(R) racquets are enhanced by three additional unrivaled components:

    --  Total Sweetspot Construction, which increases torsional
        stability in the racquet head and extends the sweetspot
        throughout the entire racquet head, resulting in ultimate
        control.

    --  The NoShox Dampening System, which consists of a newly
        developed "memory foam" integrated into the racquet handle
        that reduces vibrations 27% better than systems in
        conventional racquets.

    --  Integrated String Dampener, which is affixed to the grommets
        at the base of the head and absorbs string vibration. Now even
        the most powerful racquet is easy on the arm and completely
        comfortable, no matter what style of play.

HEAD will introduce three racquets as part of the Liquidmetal(R) line this summer, each designed for players of different swing styles: The flagship of this line will be the Liquidmetal(R) 8 (112 sq. in. head size, retail $250) for players with a short, compact swing looking for more power; the Liquidmetal(R) 4 (102 sq. in. head size, retail $225), a mid plus frame for players with moderate swing who need a racquet with great power and control; and the Liquidmetal(R) Radical, a racquet for more aggressive players with longer, faster swing styles and available in two head sizes - an oversize frame (107 sq. in. head size, retail $200), which is the choice of world #1 top star Andre Agassi, and mid plus (98 sq. in. head size, retail $200).

"HEAD delivers innovative new technologies and state-of-the-art equipment every time," says Andre Agassi. "Now they've done it again with the exciting new HEAD Liquidmetal(R) racquets, and my Liquidmetal(R) Radical."

HEAD/Penn Racquet Sports is a division of HEAD N.V. (NYSE: HED) which owns such premier sporting goods brands as HEAD (tennis, racquetball, and squash racquets; alpine skis and boots; snowboards, bindings and boots; athletic and outdoor footwear; accessories and apparel), Penn (tennis balls and racquetball balls), Tyrolia (ski bindings), Mares and Dacor (both scuba diving equipment). www.head.com.

Liquidmetal(R) Technologies

Liquidmetal Technologies (NASDAQ: LQMT) recently licensed the use of the technology to TAG Heuer, who is featuring a high-performance Liquidmetal(R) alloy as the casing of a new special edition, state-of-the-art digital movement timepiece. Additional applications include medical devices, telecommunications equipment, golf clubs, even space missions. www.liquidmetal.com.

CONTACT: For HEAD
Esther Lippman/Kristen Tate, 404-262-3000

SOURCE: HEAD