Imsys AB: Monthly Letter from CEO
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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.
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 [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 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.
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