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NOT FOR PUBLICATION OR DISTRIBUTION, WHETHER DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, HONG KONG, JAPAN, CANADA, SWITZERLAND, SINGAPORE,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.

The month of December 2020, was quite hectic for Imsys. When trading of the Imsys share on Nordic SME began on December 29, this event was the culmination of a long and exciting process. We are now taking the next step in building trust for Imsys as a listed company.

Our principal task remains unchanged; to develop and commercialize our AI processor.

Imsys' development team currently consists of more than ten specialists and recruitments are ongoing. The cooperation within the team covers a range of specialist engineering competences, males and females of five nationalities. The youngest team member is 24 years old and the oldest is 79 years young. We are not just stating diversity - That's Imsys. Despite the fact that Imsys is perceived as a semiconductor company, where hardware is of essence, our software package represents the largest share of current workload of the development team.

Imsys has positioned itself to compete with the world's most powerful AI processors. Our microprocessor concept consist of a circuit where data is processed in multiple and parallel operations. We are able to deliver massive computing power by utilizing thousands of cooperating units - operative cores. Through smart systems control, all units in the circuit are operated continuously. Sometime all units perform on uniform data. In yet other processes, some units' process data on images while others calculate data or perform on data from communication protocols. Any unit can independently switch instantly to operate on new types of data.

January has been utilized for development work on Imsys model environment. This model environment is used to verify our architectural solution through a range of tests. Such device is referred to as FPGA (Field Programmable Gateway Array) in the world of semiconductors. It provides us with opportunities to verify a range of technical solutions and to document their performances.

We have developed our Roadmap (see more about this in our PM as of 18 January, 2021). The result is a version offering greater clarity on requirements for future development work and better substantiated specifications.

On Monday February 1st, our development team added a new member a "Firmware Engineer". He will focus on developing technology within our microcode library system.

The purpose of this monthly newsletter is to provide shareholders and other stakeholders with information on Imsys' everyday life. We also like to address the AI markets and provide general information promoting knowledge and insight. The letter is scheduled to be published at an early date, each month.

IMPORTANT INFORMATION

This press message 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 information in this press message does not constitute an offer to acquire, subscribe for, or otherwise trade in shares or other securities in Imsys AB. No action has been taken and no action will be taken to allow an offer to the public in any jurisdiction other than Sweden. The offer is not aimed at persons domiciled in the USA, Australia, New Zealand, Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa or in any other jurisdiction where participation would require a prospectus, registration or other measures than those provided by Swedish law. The information in this press release may not be published, published or distributed, either directly or indirectly, in or to the United States (including its territories and provinces, any U.S. state, and District of Columbia).

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 in Stockholm, Sweden on Nordic-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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