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I.A.R Systems Group — Regulatory Filings 2011
May 4, 2011
3060_rns_2011-05-04_a0061df1-0283-4ca6-a1ad-941c637dfe83.pdf
Regulatory Filings
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IAR Systems Launched as a Listed Company
Yesterday, Annual General Meeting in Intoi AB decided to change the company's name to IAR System Group AB. Thereby, IAR Systems is launched as a listed company on NASDAQ OMX, Stockholm. IAR Systems is the world's leading provider of software for programming of chip in embedded systems. Its software is used by over 14 000 companies to develop products based on 8-, 16- and 32-bit chip, mainly in industrial automation, medical equipment, consumer electronics, telecommunications and automotive industries
"We have the most complete software for programming of chip in embedded systems.Agrowing number of our 14 000 customers standardize their development on our tools to quicklydevelop newcompetitive products," says Stefan Skarin,CEOof IARSystems Group. "As a separate listed company,we are noweven more focused and raising our tempo for growth and increased profitability."
IARSystems grewin local currencyby7 %in 2008, 1 %in 2009, 13 %in 2010 and by17 %during the first quarter of 2011. Behind the growth is the increase in the most advanced systems for 32-bit chip and the increased proportion of license sales. IARSystems' business model is based on license sales of software, creating a scalable business model with great potential for increasing profitability. The long-term financial objective is to growturnover by10-15%annuallyin local currency with an operating margin exceeding 20%over an economic cycle.
This week IARSystems presents newfeatures to its award-winning Power Debugging technologythat makes it possible to analyze the power consumption of chip. Power consumption is linked directlyto the code,which means that the programmer easilycan see which lines of code that triggers the higher consumption. IAR Systems Power Debugging technologyhas been awarded the Best ElectronicDesign 2010 byElectronicDesign Magazine, and is a finalist for the 2010 EDN InnovationAwards.
When the change of name is registered with the Companies RegistrationOffice, the company's ticker symbol will become "IAR".
IAR Systems contacts:
Stefan Skarin, CEO IAR Systems Group AB
Tel: +46 70 865 10 05 E-mail: [email protected]
Fredrik Medin, Marketing Director, IAR Systems
Tel: +46 18 16 78 00 E-mail: [email protected]
IAR Systems is the world's leading supplier of software tools for programming of chip in embedded systems. The software enables over 14 000 large and small companies to develop premium products based on 8-, 16-, and 32-bit microcontrollers, mainly in the areas of industrial automation, medical devices, consumer electronics, telecommunication and automotive products. IAR Systems has an extensive network of partners and cooperates with the world's leading semiconductor vendors. IAR Systems is listed on NASDAQ OMX Stockholm via its owner Intoi AB. Intoi AB is being renamed IAR Systems Group. When the amendment is registered with the Companies Registration Office, the company's ticker symbol on the NASDAQ OMXwill become IAR. For more information, please visit www.iarsystemsgroup.se