REGMAR

IMSYS signs agreement with Mindchip

Imsys and Mindchip have today signed an agreement on the framework for the collaboration in accordance with the Letter of Intent that was previously communicated.

  • Product launch agreement
  • Volume of IM 4000 guaranteed of at least 4 million units
  • Five-year agreement
  • Important application collaboration is initiated through the agreement

This means that Imsys and Mindchip will for a five-year period collaborate on IM4000, where Mindchip will sell and market IM4000 in large parts of Asia.Mindchip undertakes to purchase at least 4 million units of IM4000 over a five-year period:

  • September 1, 2021 through May 31, 2022, Mindchip will partner with Imsys to design applications and new products in industrial IoT. The intention is to develop solutions focused on large-scale applications during the period.
  • June 1, 2022 to September 30, 2023, Mindchip will buy or distribute at least 1.0 million units IM4000.
  • October 1, 2023 through August 31, 2024, Mindchip will purchase or distribute at least 1.0 million units IM4000.
  • September 1, 2024 through August 31, 2026, Mindchip will purchase or distribute a total of at least 2.0 million units IM 4000.

The price for smaller volumes is set at USD 1.25 per unit. For larger volumes, the price will be negotiated and then take into account the size of the order and the market conditions and the adaptation required for the current application.

Mindchip markets IM4000 to customers in selected countries in Asia and collaborates with end customers on application solutions.

Magnus Stuart, CEO of Imsys, says: "Imsys collaboration with Mindchip has been successful for many years. Today's agreement is an important step in deepening the collaboration further and represents a breakthrough for IM4000. It gives Imsys a dedicated exclusive partner with a good reputation and access to a wide network of contacts in large parts of Asia. Not least important is the fact that IM4000 will now be built into various customer applications. In this way, long-term customer relationships are created that form the basis for significant volume sales".

This information is information that Imsys AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on 16 August 2021 at 15.00 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.

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.

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).

Contact information

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.

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