COPENHAGEN, Denmark, Nov. 5, 2002 (PRIMEZONE) -- Yesterday, the Olicom A/S (Pink Sheets:OLCMF) portfolio company Decuma AB was awarded the European IST Grand Prize of Euro 200,000 for its unique handwriting recognition software. Each year, the Grand Prize is awarded to the 3 most innovative European IT-products. Furthermore, another of Olicom's portfolio companies, Scalado AB has received Euro 5,000 as one among 20 IST Prize Winners. EU Commissioner Erkki Liikanen and Helge Sander, Danish Minister for Science, Technology and Development awarded the European IST Grand Prizes.