Press room

Press Release - For immediate distribution

Imsys gets funding for expansion

Upplands Väsby, Sweden, September 28, 2005. Imsys AB has closed a first round of funding. A consortium headed by Creandum AB and Swedish Industrial Development Fund (Industrifonden), have agreed to invest a total of 14 million SEK.

Imsys develops and markets the Cjip processor as the core in a complete hardware and software platform for networked embedded systems. The Cjip is based on a proprietary architecture, which is uniquely memory and power efficient. The solution meets the requirements of an ever increasing number of embedded applications requiring communication over public and private infrastructures based on Internet technology. Applications like vehicle fleet management, security systems, medical devices, traffic control, facility management, all share the need for small, efficient, cost effective and flexible solutions based on standards. A Java™ environment with Internet communication is therefore bundled with the Cjip in most applications. The Cjip is truly microcode reconfigurable and, among other features, can directly execute Java™ byte code. Imsys also offers a Cjip based industry standard flexible computer module with Ethernet and other interfaces, easy for the customer to integrate in their product. To increase developer productivity a comprehensive integrated development environment is also offered.

In 2003 Imsys was subject to a management buy-out with the intention to take advantage of the promises of the Cjip technology. Imsys has delivered products to several hundred customers in more than 30 countries. The new financing will allow Imsys to expand current marketing efforts in both vertical segments and in new geographical areas.

Stefan Lindeberg, partner at Creandum says: “What we found in Imsys Technologies was a company with an existing powerful product with a large market potential, but no funds to go and sell it”.

Dr. Dag Sigurd, investment manager at Industrifonden says: “Imsys has highly competitive products for the growing embedded control and telematic systems market”.

To strengthen the management team the company has appointed Ola Andersson as CEO. Ola Andersson has extensive experience from the semiconductor industry as well as from several vertical application segment e.g. mobile communication and security applications.

Furthermore, Torgny Bramberg has been appointed as chairman of the board. Torgny Bramberg has been active in several start-up companies after an international career in Ericsson and Nokia.

About Creandum
Creandum is a Nordic venture fund founded in 2003 investing in companies’ earliest phases. The fund is focused on investments in innovative technologies and/or business models in high growth markets backed by outstanding entrepreneurs.

About Industrifonden
Industrifonden is one of the leading venture capital organizations in Sweden with direct investments in about 100 companies. Its aim is to encourage profitable growth and innovation among small and medium-sized Swedish companies. Industrifonden invests in early-stage high-tech companies with international potential in three sectors: Life science, IT/Electronics and Industry.
Industrifonden was established in 1979 and its total equity amounts to SEK 3.2 billion.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Torgny Bramberg, Chairman, torgny.bramberg@imsystech.com, +46 70 550 24 70
Ola Andersson, Imsys, CEO, ola.andersson@imsystech.com, +46 (0)8 594 110 70
Stefan Lindeberg, Creandum, stefan.lindeberg@creandum.com, +46 (0)70 884 24 45,
Dag Sigurd, Industrifonden, dag.sigurd@industrifonden.se, +46 (0)8 587 919 15

Imsys AB
Johanneslundsvägen 3
SE-194 61 Upplands Väsby
Sweden
Phone +46 8 594 110 70
Fax +46 8 594 110 89
Web www.imsystech.com

Java is a trademark of Sun Microsystems, Inc.