Array Raises Its Interest in Imsys.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Sept. 8, 2000 Array is investing an additional SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 10 million in Imsys to acquire shares equivalent to 4.8 percent of the company. Array's ownership interest in Imsys will subsequently amount to 51.4 percent of the share capital and 41.9 percent of the votes. The remaining shares are owned by Imsys' founders and key employees. In addition, Array is receiving an option to acquire a further 4 percent of Imsys before June 30, 2002. Array intends to utilize the authorization The right or permission to use a system resource; the process of granting access. See access control. received from the Annual General Meeting to issue new shares to finance acquisitions. Imsys is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of an expansive phase and is attracting increased interest from the market. The additional SEK 10 million in capital that it receives will allow the company to expand its efforts in product development and sales. "Imsys will recruit more engineers to handle scheduled product launches and ongoing customer projects," says Paul Karlsson, President of Array. Through its stake in Imsys, Array is assured of access to world-leading competence in reconfigurable processors. Imsys' NISC NISC National Institute of Senior Centers NISC National Information Services Corporation NISC National Information Solutions Cooperative NISC NGO (Non-Governmental Organisation) Information and Support Centre processor best matches Array's price and performance requirements in high-speed color printers A printer that prints in color using three (CMY) or four (CMYK) colors of ink, toner or dye. Four color ribbons have been used in dot matrix printers, but these are rare today. See color laser printer and printer. . Imsys can also customize its processor for applications other than printers. One example is driver algorithms for displays. Another is the mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. , since NISC is the world's most energy-efficient processor with embedded Java See PersonalJava. interpretation. Leading mobile phone manufacturers are among those evaluating the processor for future products. Imsys processors are manufactured by Ericsson Microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. . See www.imsys.se for more information. Array was established in 1987 to commercialize TonerJet, a patented printer technology invented by Array's founder, Ove Larson. The business concept is to collaborate with established manufacturers to offer the market high-quality color prints at low cost. Array currently has 45 employees. Research is conducted in Vastra Frolunda, Sweden, and Yokohama, Japan. In July 1999, Array signed a non-exclusive licensing agreement with Matsushita/Panasonic. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se ----------------- The following files are available for download: http://www.bit.se/bitonline/2000/09/08/20000908BIT00370/bit0001.doc http://www.bit.se/bitonline/2000/09/08/20000908BIT00370/bit0002.pdf |
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