Imsys AB signs Letter of Intent for IM 4000

  • Volume sales of IM 4000
  • Three year agreement with Mindchip to be finalized within 2 weeks

Imsys AB, the Swedish microprocessor company, and Mindchip a company with sales and marketing operations, have entered into a "Letter of Intent" where Mindchip will purchase Imsys IM 4000 processor in a mini-range of between 0.5 M and 1 M units per year during a 3-year contract period. The annual volumes corresponds to a sales value per year, of minimum SEK 4-8 million.

The Parties expect to complete an agreement with full terms and conditions within 14 days.

This information is information that Imsys AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation, MAR. The information was submitted for publication on 9 June 2021 at 08:40 CET

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 published in Swedish serves as the company's official version.

For more information, please contact:

Magnus Stuart, CEO, [email protected] +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.

This 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.

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

Imsys AB signs Letter of Intent for IM 4000

  • Volume sales of IM 4000
  • Three year agreement with Mindchip to be finalized within 2 weeks

IMSYS tecknar Letter of Intent för IM 4000

  • Volymförsäljning av IM 4000
  • Tre årigt avtal med Mindchip som ska slutföras inom 14 dagar

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.

Imsys business continues its positive development and direction in accordance to plan.

  • Commercial launch of product IM4000 scheduled for June 2021!
  • Two patent applications ready and scheduled for registration in May 2021!
  • External evaluation of Alice design has received green light for next step!


Imsys AB: April månadsbrev från VD Magnus Stuart

Imsys verksamhet fortsätter att utvecklas i positiv riktning enligt plan.

  • Lanseringen av IM4000 sker i juni 2021!
  • Två patentansökningar lämnas in under maj 2021!
  • Extern utvärdering av Alice har givit godkänt - och grönt ljus för nästa steg!


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.


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