Dolphin Integration: Stable Yearly Turnover on September 30, 2012 at 12.4 MEuros

Grenoble, October 23, 2012 -- The company announces that their annual income from current operations, prior to their statutory audit, amounts to about 12.4 M€ at the fiscal closing of September 30, at about the same level (-3%) as last year. This result highlights the capability of the company to maintain their activity in an industrial context of recession where prospects have been postponing some of their development projects.

After being prized last year by the number one foundry for the corporate offering of mixed signal components, the company has been noticeable this year for its commercial penetration at diverse foundries for "sponsored" libraries of cells and memories. They are now starred in several of their IP catalogs with a credible and attractive offering next to the big actors.

In accordance with the objectives, the company has also significantly developed this year the activity of services called "SoC Integration" with sales of real components, with recurrent income extending the royalties on virtual components, and contributing to long-term profitability. Nonetheless, due to the duration of sales cycles in this activity, the return shall be felt in six months, with a part of service, including circuit sales, which would then grow to 50% of the sales turnover, versus 40% today, and thus grow 27%.

Overall, the company enters the new fiscal year with a sales backlog representing 50% of F-12 actual, which authorizes to expect a two-figure growth objective for the new fiscal year. Funding for this growth rate shall certainly be associated with financial operations contributing to significantly increase their operating capital.

The company reminds that complete financial statements shall naturally be published in January 2013, upon their general assembly of shareholders.

About Dolphin Integration

The company occupies a key position with sustainable growth in the strategic and deverticalized industry of design for Microelectronics.

DOLPHIN Integration SA with social Capital of 1,295,120 € - www.dolphin.fr

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