Imsys AB: Monthly Letter from CEO

A March letter reporting business to develop positively. Imsys attracting new shareholders and the share price is in rising. Imsys' internal evaluations indicating that our technology, ALICE, is competitive in a market that is expected to reach sales volumes of USD 5 billion by 2025. IM4000 is approaching its launch and may start generating revenue soon.

On March 16, Imsys submitted its first interim report. I note that we have since, attracted new shareholders and a rising stock price. We understand how important it is to inform about Imsys unique technology, the Company's development plans as well as events of importance in our markets and also preferably state the dates for when significant milestones in our development will be reached. That is why we work on increasing the visibility of Imsys in different markets and on relevant platforms. We see that the website is visited by competitors, potential partners from various industries from around the world.

Imsys is an Artificial Intelligence (AI) company with solutions for massive computation. Our technology is also energy efficient. Imsys agrees with a recent statement from Bill Gates: "The green premium needs to be as low as to make sense to switch." Our technology is green and you pay nothing extra for that.

With Imsys ALICE solution, we position ourselves strongly for the emerging AI market. ALICE is Imsys' computing technology for AI. Our current assessment for the target market in 2025, forecasts a turnover of USD 5 Billion. (Source: Mckinsey 2019). In our internal market and product evaluations, Imsys percieves that ALICE performance is competes successfully with the world's most powerful AI processors.

Our target market is driven by global industrial companies that currently develop their AI applications for a next generation of products. Their AI applications have many different purposes; in the field of optimizing work for industrial robots, controlling guiding systems in driverless vehicles through busy warehouses or interpreting radar signals on vehicles in dense traffic. Imsys marketing work is therefore focused on creating direct contacts with industrial partners (Business-to-Business). We want to demonstrate how ALICE will solve their needs.

Imsys' business model consists of two parts. We offer expertise in partner collaboration for solutions of customer-specific AI applications, and offer our technology platforms; ALICE and IM4000.

Brief information on IM 4000; this is a next generation development of IM 3000. The product is a flexible control processor for embedded systems with a novel software stack that caters to larger markets than its predecessor IM3000. IM 4000 is planned for launching during the second quarter of 2021.

In two previous monthly letters, I have described Imsys Roadmap for ALICE. Our Roadmap consists of five development stages that extend from today until 2024/25. Activities are now underway in step 1, as well as step 2 and preparations for step 3. Step 1 demonstrates ALICE basic designs, step 2 verifies systems architecture and solution. Step 3 verifies that a few critical systems within ALICE work as intended, through testing in a limited silicon chip.

Step 3 is planned to be completed during the first half year 2022. In step 4, we control that the entire ALICE systems performs as intended for a silicon circuit. We estimate that this will happen in 2023/24. Step 5 occurs in 2024 targeting release of ALICE as commercial IP. This step opens for license agreements with license revenues and royalties. Milestone Payments timed with Roadmap may be timed within each partnership.

The above information is a cautious assessment of current timing of the steps in Imsys Roadmap. As always when it comes to assessments of what will happen in the future, uncertainties remain present all the way.

Artificial Intelligence is a gigantic growth opportunity for Imsys. For the semiconductor industry, AI is a market transition from delivering standard circuits to a limited number of manufacturers of mobile phones, laptops and servers, in to delivering IP and technology to a multitude of industrial companies, each creating their unique AI solutions for their many industrial products. This transition will benefit companies of pure design and development as Industrial Companies' AI solutions all must be integrated in their established industrial products.

Spring in Stockholm is finally on its way - both for Imsys and for AI!

IMPORTANT INFORMATION

This press message (PM) is a translation from the original which was published in Swedish, prior to this English version. In any and all legal considerations, the press message in Swedish serves as the company's official version.

The PM contains forward-looking statements which reflect the Company's current view of future events and the Company's operational and financial performance. Although the Company believes that the expectations reflected in such forward- looking statements are reasonable, there can be no guarantees that these expectations will prove to be correct. Forward-looking statements only express the Company's assessments and assumptions at the time of the PM. The Company makes no commitment to publish updates or revisions of forward-looking statements as a result of new information, future events or similar circumstances other than as required under applicable securities laws or regulations or applicable stock exchange rules.

NOT FOR PUBLICATION OR DISTRIBUTION, WHETHER DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTHAFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH ACTION IS WHOLLY OR PARTIALLY SUBJECT TO LEGAL RESTRICTIONS.

For more information, please contact:

Magnus Stuart, CEO magnus.stuart@imsystech.com +46 706 211 350

IMSYS IN SHORT

Imsys AB (publ) is a Swedish based high tech microprocessor company with focus on AI, founded in 1981. The company is a lead designer and developer of high performance, low energy consumption, flexible microprocessor solutions for AI applications. Imsys ALICE technology offers advantages in EDGE AI applications for automotive, security, computer centers, 5G mobile communication, block-chain and image recognition.

The company's shares are listed on NGM SME market

Göteborg Corporate Finance serves as Imsys appointed mentor and is available on telephone +46 31 13 82 30.

Imsys AB: Monthly Letter from CEO

A March letter reporting business to develop positively. Imsys attracting new shareholders and the share price is in rising. Imsys' internal evaluations indicating that our technology, ALICE, is competitive in a market that is expected to reach sales volumes of USD 5 billion by 2025. IM4000 is approaching its launch and may start generating revenue soon.


Imsys AB: Månadsbrev från VD

Imsys verksamheten har utvecklats positivt under mars. Bolaget får nya aktieägare och aktiekursen stiger. Imsys interna utvärderingar ser att vår teknik, ALICE, är konkurrenskraftig på en marknad som förutses omsätta 5 miljarder USD 2025. IM4000 närmar sig lansering och kan börja generera intäkter inom kort.


Imsys AB leads seminar series in AI development.

ICES today, in its Newsletter for 2021 presents a seminar series aimed at its member companies called "Empowering AI at the EDGE". The seminar series will be conducted in the spring of 2021 in collaboration with Imsys AB. Participants are senior leaders in CTO position, from sixteen of ICES member companies.

At the workshop on June 2, Imsys will present its AI accelerator ALICE and participants will during this workshop be given opportunities to evaluate four AI applications together with IMSYS.


Imsys AB leder seminarieserie inom AI utveckling

ICES presenterar idag en seminarieserie riktad till sina medlemsföretag kallad "Empowering AI at the EDGE". Seminarieserien genomförs under våren 2021 i samarbete med Imsys AB. Deltagare är personer i ledande ställning, CTO, från 16 av ICES medlemsföretag.

Vid en workshop den 2 juni presenteras Imsys AI accelerator ALICE och deltagarna ges därefter möjligheter att tillsammans med IMSYS utvärdera fyra AI applikationer.


Imsys AB: 9 månaders rapport per 31 januari 2021:

Under rapportperioden ökade intresset från kunder för Imsys lösningar och teknik. Samarbete inom avancerade radarapplikationer samt satsning på Imsys internationella lansering är strategiskt viktiga steg framåt.




Imsys initiates collaboration for radar applications.

Imsys AB and My-Konsult System AB have today signed a letter of intent to evaluate the conditions for cooperation. My-Konsult System AB is active in advanced military systems and supplies integrated systems in radar technology. The preliminary intention for the parties is to evaluate each other's know-how and technology portfolios with the aim of cooperation.


Imsys AB: Inleder samarbete kring radarapplikationer.

Imsys AB och My-Konsult System AB har idag tecknat en avsiktsförklaring för att utvärdera förutsättningarna för samarbete. My-Konsult System AB är verksamt inom avancerade militära system och levererar integrerade system inom radarteknik. Parternas avsikt är att utvärdera varandras kunskaps- och teknikportföljer i syfte att samarbeta.


Imsys AB: Monthly Letter from CEO

NOT FOR PUBLICATION OR DISTRIBUTION, WHETHER DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE, SOUTHAFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH ACTION IS WHOLLY OR PARTIALLY SUBJECT TO LEGAL RESTRICTIONS.


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