Imsys AB: Month of May Letter from the CEO

Imsys' business continues to develop in a positive direction at a high pace.

· The launch of IM4000 is developing according to plan

· Two more patent applications will be filed in June 2021!

Summer is just around the corner and this means that many of us are looking forward to well-deserved holidays. For those of us who work at Imsys, there is a lot to do all summer. Work is in full swing. The interest in IM 4000 is great and the realization of our accelerator ALICE requires resources.

The launch of IM 4000

In a recent press release, Imsys announced its objective of having a first customer for IM 4000 before end of June. We are in the process of delivering on this. Letter of Intent (LoI) was signed last week with a deadline in short for the complete agreement to be signed. It is worth noting that this is only the first agreement. The market is significantly larger.

More about our views on IM 4000

Imsys is working to attract more customers to realize the benefits of IM 4000. This product carries aspirations of creating a cash flow over the next two to three years. We see that the potential is significant for IM 4000. The total market is however difficult to estimate. An indication of the size of the market, given the fact that 7 million microprocessors are manufactured every day on licenses from ARM (there are several major players in microprocessors). If IM 4000 could replace 2% of these, it would mean 140,000 microprocessors per day. On an annual basis this share of more than 50 million per year corresponds to a value of several hundred million SEK.

ALICE

With regard to Imsys accelerator solution ALICE, our planning is in line with what has previously been communicated. Our most important task is to recruit employees with cutting-edge expertise. We continue to work on this and I expect to return to this issue in my next CEO letter.

Patent applications

A strategically important part of our work is to develop and strengthen Imsys' patent portfolio. As part of this work, two patent applications were filed at the end of May. Two more patent applications have been completed and these will be submitted to the patent authority shortly. This means that during the last six-month period we have filed four patent applications. We are investigating opportunities to apply for several patents. The patent portfolio is an important competitive factor for us and Imsys works continuously to seek opportunities to broaden and deepen our patent portfolio. This creates both commercial value and shareholder value.

The semiconductor shortage

In 2021, we have been reached by messages of global semiconductor shortages. Leading industrial companies have been forced to reduce production plans due to insufficient deliveries. The phenomenon is not new. It clearly illustrates the strong dependence in many industries on supply of semiconductors. All important products contain semiconductors and it is complicated to manage short deliveries.

For Imsys, the short supply of semiconductors means that many industrial companies open to review their current suppliers and to invite new one. This opens up opportunities for Imsys. On the negative side, it requires Imsys to create delivery capacity in a market with a shortage of capacity in manufacturing of circuits.

About Imsys' relationship to AI

Artificial Intelligence creates a gigantic growth opportunity for Imsys. For the semiconductor industry, AI means a transition from delivering standard circuits to mobile phones, laptops and servers, to delivering IPR and technology to a multitude of industrial companies, each of which, wants to create unique AI solutions for different types of products. The transition favors pure design and development companies because these customers various AI solutions require adaptation to multiple products and product lines and not the other way around, as has historically often been the case.

Flexible microprocessors and microprocessor companies such as Imsys, which develops products with scalable performance, have an opportunity. It is important to take advantage of it!

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.

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 is awarded research grant to develop its AI technology for applications in Cybersecurity for IoT

Vinnova, the Swedish Innovation Agency, has on 2 July 2021 awarded a research grant to Imsys AB, for a project in the area of "Cyber Security for Advanced Industrial Digitization", with designation "Smart and secure Gateway for the Internet of Things". The project "Smart and secure Gateway for IoT" is coordinated by RISE (www.ri.se). Uppsala University, Imsys AB, Wittra Sweden AB and IoT Bridge AB are participating in the project.

The project proves a breakthrough for Imsys ALICE platform, which in the project serves as the projects platform in developing AI applications for Cyber Security solutions on IoT Gateways. The need to develop smart Cyber Security solutions is ever increasing. We have recently witnessed unwanted damage from global hacker attacks underlining the never ending demand for better Cyber Security. The application area is commercially interesting.


IMSYS beviljas forskningsmedel för att utveckla sin AI teknik inom cybersäkerhet

Vinnova som är Sveriges Innovationsmyndighet, beviljade den 2 juli 2021, bidrag till Imsys för ett projekt inom området "Cybersäkerhet för avancerad industriell Digitalisering", kallat "Smart och säker Gateway för sakernas internet".

Projektet "Smart och säker Gateway för IoT" koordineras av RISE (www.ri.se). Uppsala Universitet, Imsys AB, Wittra Sweden AB och IoT Bridge AB deltar i projektet. Projektet innebär ett genombrott för Imsys ALICE plattform som i projektet prövas för AI applikationer inom cybersäkerhet för IoT. Behovet att utveckla smarta cybersäkerhetslösningar ökar. Bara de senaste dagarnas hackerattacker visar på detta. Applikationsområdet bedöms som kommersiellt intressant.






Imsys AB: Bokslutskommuniké för verksamhetsåret 2020-21

Verksamhetsåret 1 maj 2020- 30 april 2021 har inneburit ett genombrott för Imsys. Genom publicitet och direkta kontakter har information om Bolagets lösningar och teknik nått ut till potentiella kunder, till intressenter och till aktiemarknaden.

De mål som ställdes upp inför noteringsbeslutet har uppnåtts.


Imsys AB: Month of May Letter from the CEO

Imsys' business continues to develop in a positive direction at a high pace.

· The launch of IM4000 is developing according to plan

· Two more patent applications will be filed in June 2021!


Imsys AB: Månadsbrev för maj från VD Magnus Stuart

Imsys verksamhet fortsätter att utvecklas i positiv riktning med högt tempo.

  • Lanseringen av IM4000 utvecklas enligt plan
  • Två ytterligare patentansökningar lämnas in under juni 2021

Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Nybrogatan 34
Box 5216
SE-102 45 Stockholm, Sweden

08-692 21 90

Om beQuoted