InTiCa Systems AG — Interim / Quarterly Report 2007

Nov 14, 2007

Nine-month report 2007 of InTiCom Systems AG

unaudited in accordance with IFRS January 1 – September 30, 2007

Growth in sales and profit in 3rd quarter 2007 Capacity expansion Automotive already realized ahead of schedule

InTiCom Systems in the third quarter and the first nine months 2007

The Group	Q3 2006 EUR (000)	Q3 2007 EUR (000)	9M 2006 EUR (000)	9M 2007 EUR (000)	Change in %
Sales	8,122	9,024	28,663	30,781	7.4
Profit margin (net income)	4.6 %	5.4 %	4.4 %	5.4 %
EBITDA	845	929	2,690	3,537	31.5
EBIT	610	687	1,988	2,391	20.3
EBT	581	634	2,012	2,407	19.6
Net income for the period	372	487	1,247	1,663	33.4
Earnings per share (EUR, total of 4,287,000 shares)	0.09	0.11	0.29	0.39	33.4
Basic earnings per share (EUR)	0.09	0.11	0.29	0.39	33.4
Cash flow from operating activities per share (EUR)	–	–	0.27	0.30	11.1
Cash flow from operating activities	–	–	1,176	1,279	8.8
Capital expenditures	1,748	2,114	5,812	4,225	- 27.3
	9/30/2006 EUR (000)	9/30/2007 EUR (000)	12/31/2006 EUR (000)	9/30/2007 EUR (000)	Change in %
Total assets	34,407	45,896	38,181	45,896	20.2
Liquidity*)	15,208	15,361	13,808	15,361	11.3
Equity	24,103	26,249	24,614	26,249	6.6
Equity ratio	70 %	57 %	65 %	57 %
Employees	138	240	155	240	54.8

	2006 Xetra (EUR)	2007 (as of Sept. 30) Xetra (EUR)
Closing price for the period	20.00	11.60
Period high	29.17	19.50
Period low	15.60	9.99
Market capitalization at end of period (in EUR million)	85.7	49.7
Number of shares	4,287,000	4,287,000

*) The liquid funds comprise the sum of the two balance sheet items "marketable securities" and "cash and cash equivalents".

**) Retroactively adjusted stock quotations due to the capital increase from the Company's own resources and the resulting allocation of dividend stocks at the ratio of 1:2 to the Company's stockholders as of June 12, 2006.

Foreword

The Management Board: Maria Grohs, Dr. Paul Grohs, Christian Schubert

Dear stockholders, dear customers and business partners!

In the third quarter InTiCom Systems achieved a sales increase by 11 % over the prior-year period, to EUR 9.0 million. Despite the relocation of three production lines from Greece to Czechia, sales generated by InTiCom Systems in the traditionally weakest quarter of the year – due to the three-week summer recess – are thus only about EUR 1.7 million below the mark of the stronger second quarter of 2007. With an increase of the net income, at EUR 0.5 million, by roughly 30 % over the prioryear quarter, the growth in profit was disproportionately high compared to

the growth in sales. The tax advantages of the production location Prachatice (CZ) made a substantial contribution to this development. The nine-month net income, also raised by about one third by direct annual comparison to just under EUR 1.7 million, results from the accumulated growth in sales of more than 7 % to EUR 30.8 million. The increase in earnings per share by 33 percent to 39 cents already exceeds the earnings of the total year 2006 of 37 cents per share.

The European expansion of the so-called triple play via VDSL and ADSL2+ phone connections – making it possible by means of the Internet protocol to make phone calls (voice over IP – VOIP), surf

the Internet and watch TV (IPTV), all at the same time –, requires technical upgrading and the installation of cable connections as well as the latest VDSL2 splitter technology made by InTiCom Systems beginning at a transmission rate of 16 MBIT. As market and technology leader, InTiCom Systems has the technological expertise to equip the VDSL2 connection technology with optimized solutions for both copper-based as well as fiberglass-based regional networks. Several system suppliers have been supplied with the first VDSL2 splitters for the service provider and subscriber sides since the beginning of 2007. These splitters are being installed by the network operators on the service provider side already.

In addition to the technologically upgraded service provider side, the new subscriber splitters are now being delivered, able to service the current transmission rates of ADSL2+, up to 16MBIT, as well as the future VDSL transmission rates of up to 50 MBIT. For the first time, the plastic packages of this combined product can be manufactured on in-house injection molding machines. Thus the added value is raised, and by the increased system competencies the competitive edge is secured.

Established within the shortest amount of time, the Group's second main pillar, the business unit automotive electronics, will gain in importance substantially in the future. InTiCom Systems managed to evolve from newcomer in this sector into technology leader and internationally significant market participant. Four of the global top 10 system suppliers to the automobile industry already purchase components from InTiCom Systems and have entered into binding commitments with guaranteed minimum order volumes within the framework of long-standing skeleton contracts with terms from five to eight years. The resulting capacity and sales projections for the automotive segment substantiate expectations for sales of EUR 50 to 60 million in five to seven years. The development of this potential for growth involves additional start-up expenses

to be made now. While the automotive sector contributes roughly 13 % to Group sales in the current financial year 2007, the sales contributions of the two segments telecommunication and automotive will have reached about equal dimensions in five years.

In addition to RFID solutions for entry and driving authorization systems as well as tire pressure monitoring systems, already developed and manufactured by InTiCom Systems, the growth of the automotive segment is driven by the continuously rising component supply for hybrid technology to a major system supplier in the course of equipping additional car types.

The consistent use of the existing technological know-how has lead to the development of more new products and components for use in common rail injection systems. The objective of common rail technology here is to create more comfort at less emissions and lower gas consumption.

Continued consistent use of existing resources opens the possibility to develop and systematically establish new business fields in the sector of industrial and special electronics. The experiences made with hybrid technology and the resulting production procedures are a sound basis for winning new customers and orders for further applications in power electronics. The discussion of alternative renewable energy sources offers new starting points for business strategy. Photovoltaic and wind power plants are gaining ground as environmentally friendly future technologies at an increasing pace. These power plants generate direct current (DC) which needs to be converted to alternating current (AC) to be fed into the power supply system. The most diverse components for the so-called inverters will be supplied by InTiCom Systems to the manufacturers in the future, supporting the establishment of the Group's third main pillar, industrial electronics.

Due to the diversified know-how, starting at primary material and manufacturing technology and leading up to the ready-to-install end product, there are very good opportunities for our company to make use of the value added chain almost all the way.

Because of the apparent synergy effects and the fast market development, first sales revenues will be generated in 2008.

In doubling the production space and the production capacity, we have created the conditions at our production location Prachatice in Czechia which enable us to meet the growing demand for components of flawless quality with absolute delivery reliability. Because of the steadily increasing utilized capacity

in the automotive sector and the component manufacture for telecommunication being taken up at the same time, we are expecting the newly expanded capacity to be completely utilized by the end of the next financial year 2008 already.

The Supervisory Board has elected Mr. Christian Schubert (42) to the Board of Directors, effective November 1, 2007. As Chief Financial Officer (CFO), Mr. Schubert assumes responsibility for Finances, Controlling, Investor and Public Relations, and IT, and he completes the Board as its third member. In

addition to his broad expertise as CFO, board member and managing director of international, listed technology companies, Mr. Schubert also brings in-depth industry knowledge of the electrical and electronics markets as well as the automotive market into his new position on the Board of InTiCom Systems AG.

InTiCom Systems AG and Deutsche Telekom AG have come to the mutual agreement to settle the argument about the use of the company name "InTiCom Systems AG" amicably. InTiCom Systems acknowledges that

Deutsche Telekom has prior rights to this name. In return InTiCom Systems is granted a generous transition period for renaming the company until the next Annual General Meeting to be held in May 2008. This agreement creates the basis for a seamless continuation of the excellent business connections between InTiCom Systems AG and Deutsche Telekom AG.

Passau, November 2007 InTicom Systems The Board of Directors

Maria Grohs Vorstand

Dr. Paul Grohs Vorstand

Christian Schubert Vorstand

Management report of InTiCom Systems Group for the first nine months 2007

InTiCom Systems – 2007 share price performance

InTiCom Systems – the stock 2007

The performance of the InTiCom Systems stock price has been disappointing in the present financial year. News of delays in the expansion of the VDSL network in Germany and corresponding sales loss for the component manufacturers had a negative impact at the beginning of the year. In the months to follow the stock price endured heavy fluctuations and was on the decline, even in comparison with the index. Thus the market reflected the prevailing insecurity with regard to the future development of the growth in sales and profit. Positive notifications about contract agreements and satisfying interim results could not reverse this movement effectively. After the ninemonth low 2007, hit on August 16 at EUR 9.99, the stock recovered, to

be quoted at EUR 12.09 (Xetra) on October 30, 2007.

It is the goal – of Investor Relations in particular – to make the positive outlook and future prospects of the business activity of InTiCom Systems known to a wider circle of investors. For this purpose, the Board of Directors has decided a package of active investor relations measures:

InTiCom Systems has authorized two new designated sponsors. Newly established BankM – the biw Bank für Investments und Wertpapiere AG representation in Frankfurt/Main – has assumed the function of designated sponsor as of July 1, 2007 and will provide support to InTiCom Systems in targeting investors in Germany as well as in other European countries.

Furthermore, InTiCom Systems has authorized Bayerische Landesbank (BayernLB) as second designated sponsor. BayernLB has actively engaged in stock trading since August 1, 2007 and sees to a further increase in liquidity. A boost of the market presence and the attention paid by domestic and international investors is provided for by the newly acquired BankM research reports. For the first time, InTiCom Systems presents its nine-month results to investors and analysts within the framework of the German Equity Forum in mid-November 2007, sponsored by Deutsche Börse AG. Following this presentation, the Board of Directors will enter into discussions with institutional investors and analysts, in many oneon-one conversations on location as well as on the subsequent road show.

Stock data of the InTiCom Systems stock

ISIN	DE0005874846
Stock exchange symbol	IS7
Trading segment	Prime Standard
Prime industry	Technology
Industry Group	Communications Technology
Indices	Prime All Share, Tec All Share, CDAX
Designated sponsor	BankM Bayerische Landesbank
Capital stock	EUR 4,287,000
Stock category	Non-par common bearer stocks

Stockholding

Share in the capital stock of September 30, 2007	in numbers	in %
Board of Directors
Maria Grohs and Dr. Paul Grohs together	122,000	2.9
Supervisory Board
Karl Kindl	150,264	3.5
Dr. Wulfdieter Braun	6,015	0.1
Harald Nöth	3,486	0.1

Board of Directors and Supervisory Board do not hold stock options according to Section 160 (1) Nos. 2 and 5 AktG (Securities Trading Act). The line-up of the Supervisory Board is unchanged.

Accelerated Growth in sales and strong profit increase in the third quarter despite automotive start-up and relocation of manufacture

In the first nine months of the financial year 2007, InTiCom Systems generated sales of roughly EUR 30.8 million, a plus of about 7.4 % over the prior-year period (PY EUR 28.7 million). Sales of the third quarter showed a particularly strong increase of 11.1 % over the previous year's quarter, to reach EUR 9.0 million (PY EUR 8.1 million). This growth was carried especially by the starting manufacture in the automotive segment at the location Prachatice (CZ) and the parallel trend of a rising demand for VDSL splitter for telecommunication.

Profit of the third quarter 2007 improved on the prior-year quarter once again – Disproportionately high increase of nine-month earnings compared to previous year

Earnings before interest and taxes (EBIT) were raised by roughly 12.6 % in the current year's third quarter, coming to EUR 0.7 million (PY EUR 0.6 million). Because of this financial year's increased sales revenues, the growth in accumulated nine-month earnings by 20.3 % to roughly EUR 2.4 million was disproportionately high. The gross margin

continues to range above 7 %. The EBT (earnings before taxes) also gained just over 20 % in the first nine months 2007 to reach EUR 2.4 million (PY EUR 2.0 million). More modest was the increase for the third quarter of roughly 9 % to EUR 0.6 million.

The net income for the quarter amounts to EUR 0.5 million, a plus on the prioryear quarter of about EUR 0.1 million in absolute figures, equalling a 30.9 % gain. Because of the lower tax rate of approximately 30 %, the net income for the nine-month period is up 33.4 % and comes to EUR 1.7 million (PY EUR 1.2 million). The sales margin of the third quarter of 2007 of 5.4 % was 0.8 percentage points above the previous year's level of comparison. The nine-month comparison also results in an increased sales margin by 5.4 % (PY 4.4 %). Three quarters into the year 2007, InTiCom Systems has thus generated earnings per share of EUR 0.39 (PY EUR 0.29).

Cost of materials ratio reduced from previous year despite increase in third quarter

In spite of the expanded serial production for automotive electronics in Czechia, the cost of materials ratio was reduced to 77.3 % for the first nine months 2007 (PY 79.5 %). However, the ratio of the third quarter of 2007 of 80.1 % was above the previous quarters' levels, owing to the relocation of some manufacturing lines from Greece to Czechia and the continued expansion of serial production in the automotive sector.

Personnel expenses ratio rises due to staff expansion

Owing to the expansion of serial production and the improvement of the value added chain, the personnel expenses ratio climbed to 12.7 % in the nine-month period (PY 10.7 %).

R&D focus on in-house development and manufacture of producion technologies for automotive electronics

Research and development expenses amount to EUR 1.6 million after the first nine months of the financial year 2007 (PY EUR 1.3 million). The increase essentially reflects the capacity expansion of product development in Passau as well as expenses for the development and manufacture of in-house production technologies at the location Neufelden in Austria. Particularly with regard to RFID applications, new customer specific developments are realized for entry and driving authorization systems as well as tire pressure monitoring systems. Furthermore, developments are underway for the growth markets of hybrid and solar energy technology.

Expenditures for the continued expansion of serial production for automotive electronics

Capital expenditures came to roughly EUR 4.2 million in the first nine months of 2007, EUR 1.6 million below the previous year's level (PY EUR 5.8 million), which was characterized especially by the start-up of production in Czechia. This year's expenditures have been made for the continued expansion of the highly automated serial production

for automotive electronics and the new VDSL technology in Prachatice, Czechia. By expanding capacity (new factory building in Prachatice and relocation of some manufacturing lines from Thessaloniki (GR) to Prachatice) to more than twice its former level, the contractually secured serial orders for keyless entry systems, tire pressure control systems, anti-theft devices and filter applications placed by several system suppliers from Asia, the U.S. and Europe can be satisfied on time.

High level of liquid assets

Liquid assets sum up to EUR 15.3 million as of September 30, 2007 (PY EUR 15.2 million), as compared to EUR 13.8 million as of balance-sheet date 2006.

The continued high level of liquid assets is a result of the stringent working capital management.

Backlog range of roughly four months keeps its high level

As of September 30, 2007, the order backlog of InTiCom Systems amounted to roughly EUR 14.2 million, surpassing the previous year's level considerably (PY EUR 12.6 million). Based on the estimated annual sales revenues, the Group's backlog range comes to roughly four months.

In the course of this year new contracts with major car manufacturers and suppliers to the automobile industry have been entered into almost by the month.

After InTiCom Systems has been manufacturing keyless go antennas for several car ranges of a German car manufacturer, the company received an order for the serial production of keyless go antennas for car ranges of a U.S. manufacturing group in February, scheduled for start in the second half-year 2008. The order volume amounts to approximately EUR 1.2 million per annum at the start of production, covering an equipment rate of 15 percent of these model ranges – for the medium term the equipment rate is anticipated to increase to 100 percent; a second supplier might then be contracted for reliability considerations.

One month later, in March 2007, the company concluded a contract over the

InTiCom Systems AG shareholder structure

Continous staff development abroad due to expansion of serial production in Czechia

	Sept. 30, 2007	Dec. 31, 2006	Sept. 30, 2006
Group employees	240	155	138
Thereof domestic	41	39	39
Thereof abroad	199	116	99

supply of roughly 250,000 modules per annum for the so-called start-stop unit of a major German car manufacturer. Start of production is mid-2008 as well. Both contracts have terms of five years plus.

In May InTiCom Systems received the serial order for the equipment of a new generation of hybrid engines with system components developed in cooperation with a well-known system supplier. The start of production is scheduled for the third quarter of 2008. The contract term will be five years. The use of these components in further vehicle ranges of this eminent German automobile manufacturer as well as the adoption of these products for additional car brands and platforms is anticipated.

In July InTiCom Systems has received an order for the development and manufacture of keyless entry sensorics from another new customer ranking among the top 10 system suppliers to the automobile industry. The sensors will be used for two different vehicle types to be introduced to five model ranges.

Subsequent events

Effective November 1, 2007, the Supervisory Board of InTiCom Systems has elected Mr. Christian Schubert (42) to the Board of Directors. As Chief Financial Officer (CFO), Mr. Schubert assumes responsibility for Finances, Controlling, Investor and Public Relations, and IT, and he completes the Board of Directors as its third member.

InTiCom Systems and Deutsche Telekom have come to the mutual agreement to settle the argument

about the use of the company name "InTiCom Systems AG" amicably. InTiCom Systems acknowledges that Deutsche Telekom has prior rights to this name. In return InTiCom Systems is granted a generous transition period for renaming the company until the next Annual General Meeting to be held in May 2008.

Outlook

Because the upgrade of the German DSL network towards higher transmission rates did not happen in the last year for the most part, InTiCom Systems has missed out on sales potential. However, the VDSL business still provides enormous potential for InTiCom Systems, owing to the fact that the network upgrade has only suffered a delay, and because system suppliers especially in other European countries are intent on increasing their VDSL activities to a larger extent. Experts anticipate growth rates for the VDSL technology at least as high as those for DSL technology. InTiCom Systems will therefore achieve sizable sales and profit improvements beyond 2007 by the development of new DSL and VDSL markets in more and more countries.

Rising sales contributions from the automotive segment in the current financial year signify the still growing importance of the automotive sector as the second main pillar of InTiCom Systems. This segment will become the essential driving force behind the future development.

InTiCom Systems expects to generate sales in this segment of between EUR 50 and 60 million in the next five to seven years.

For the long term the Group anticipates a sales split of 50 percent for automotive, 40 percent for xDSL, and about 10 percent for industrial electronics. For 2007 InTiCom Systems expects a growth in sales and profit over the past financial year's rate.

Risk report

The risk report published in the annual report 2006 points out the risks which could jeopardize business success in detail. In the period under report no material changes of the risk profile of InTiCom Systems have occurred. In the period under report no material transactions with related parties were made.

Interim financial statements according to IFRS

The interim financial statements of InTiCom Systems AG and its subsidiaries as of September 30, 2007 have been prepared in accordance with the International Financial Reporting Standards (IFRS) as applicable in the European Union and the additional applicable provisions of commercial law according to Section 315a (1) HGB (Commercial Code).

These interim consolidated financial statements contain all necessary accruals and deferrals and communicate, in the opinion of the Board of Directors, a presentation of the Group's financial position and results from operations which corresponds with the actual conditions.

Consolidated Financial Statements of InTiCom Systems AG for the first nine months 2007

from 1 January 2007 through 30 September 2007

Consolidated statement of income

of InTiCom Systems for the period from 1/1/2007 to 9/30/2007 according to IFRS/IAS

	7/1 – 9/30/2007 EUR (000)	7/1 – 9/30/2006 EUR (000)	1/1 – 9/30/2007 EUR (000)	1/1 – 9/30/2006 EUR (000)	Change 2007 to 2006 in %
Sales	9,024	8,122	30,781	28,663	7.4
Other operating income	21	31	210	253	-17.0
Change in finished goods and work in process inventory	246	68	447	-168	–
Other own costs capitalized	665	449	1,560	1,349	15.6
Material expense	7,227	6,313	23,796	22,780	4.5
Personnel expense	1,307	1,116	3,924	3,064	28.1
Depreciation	242	235	1,146	702	63.3
Other expenses	493	396	1,741	1,563	11.4
Operating income	687	610	2,391	1,988	20.3
Finance expense	139	39	342	134	155.2
Other finance income	86	10	358	158	126.6
Earnings before taxes	634	581	2,407	2,012	19.6
Income taxes	147	209	744	765	-2.8
Net income for the period	487	372	1,663	1,247	33.4

Consolidated cash flow statement

of InTiCom Systems for the period from 1/1/2007 to 9/30/2007 according to IFRS/IAS

	1/1 – 9/30/2007 EUR (000)	1/1 – 9/30/2006 EUR (000)
Net income for the period	1,663	1,247
+ depreciation	1,146	702
+/- other non-cash transactions	-27	-59
- decrease in provisions	-12	-36
-/+ - increase / + decrease in assets not attributable
to investing or financing activities
deferred taxes	0	-112
inventories	-1,005	37
trade receivables	-2,253	-134
other assets	175	-83
+/- + increase / - decrease in liabilities not attributable
to investing or financing activities
deferred taxes	547	518
trade payables	759	-1,143
other liabilities	286	239
Cash flow from operating activities	1,279	1,176
- capital expenditures for intangible assets	-1,529	-1,160
- capital expenditures for property, plant and equipment	-2,696	-4,652
+ from divestments of financial assets proceeds	0	33
- increase in financial assets within the context of current financial planning	-1,739	-4,868
Cash flow from investing activities	-5,964	-10,647
+ payments-in from taking out loans and entering into finance lease agreements	6,665	1,250
- payments-out from repayment of loans and in fulfillment of finance lease agreements	-2,154	-1,559
+ payments-in from contributions to equity	0	9,435
Cash flow from financing activities	4,511	9,126
Cash flow total	-174	-345
Cash and cash equivalents at beginning of period	545	1,529
Cash and cash equivalents at end of period	371	1,184

Consolidated balance sheet

of InTiCom Systems as of 9/30/2007 according to IFRS/IAS

ASSETS
	9/30/2007 EUR (000)	12/31/2006 EUR (000)
Non-current assets
Intangible assets
Other intangible assets	3,966	2,710
Property, plant and equipment	14,636	12,813
Deferred taxes	595	595
Total non-current assets	19,197	16,118
Current assets
Marketable securities	14,990	13,251
Inventories	1,888	883
Trade receivables	9,062	6,809
Tax assets	65	242
Other current receivables	323	321
Cash and cash equivalents	371	557
Total current assets	26,699	22,063
Total assets	45,896	38,181

Consolidated balance sheet

of InTiCom Systems as of 9/30/2007 according to IFRS/IAS

Equity and Liabilities	9/30/2007 EUR (000)	12/31/2006 EUR (000)
Equity
Subscribed capital	4,287	4,287
Capital reserve	15,088	15,088
Revenue reserve	6,625	4,963
Currency translation reserve	249	276
Total equity	26,249	24,614
Non-current liabilities
Non-current interest-bearing liabilities	8,540	1,875
Other non-current liabilities	1,845	2,367
Deferred taxes	2,127	1,580
Total non-current liabilities	12,512	5,822
Current liabilities
Other current accrued liabilities	166	178
Tax liabilities	0	3
Current interest-bearing liabilities	1,369	3,012
Trade payables	5,113	4,354
Other current liabilities	487	198
Total current liabilities	7,135	7,745
Total equity and liabilities	45,896	38,181

Statement of changes in shareholders' equity

of InTiCom Systems according to IFRS/IAS

	Subscribed capital EUR (000)	Capital reserve EUR (000)	Revenue reserve EUR (000)	Currency translation reserve EUR (000)	Total equity EUR (000)
as of 1/1/2006	1,300	8,640	3,394	146	13,480
Capital increase	129	9,306			9,435
Capital increase from the Company's own resources	2,858	-2,858			0
Currency translation reserve				-59	-59
Net income for the period			1,247		1,247
as of 9/30/2006	4,287	15,088	4,641	87	24,103
Currency translation reserve				189	189
Net income for the period			322		322
as of 12/31/2006	4,287	15,088	4,963	276	24,614
Currency translation reserve				-27	-27
Net income for the period			1,663		1,663
as of 9/30/2007	4,287	15,088	6,626	249	26,250

Notes to the consolidated financial statements for the first nine months 2007

from 1 January 2007 through 30 September 2007

Accounting in accordance with International Financial Reporting Standards (IFRS)

The interim consolidated financial statements as of September 30, 2007 have been prepared in accordance with International Accounting Standard (IAS) 34, "Interim Financial Reporting". For the preparation of the interim consolidated financial statements, basically the same accounting policies and valuation methods have been adopted as were applied to the consolidated financial statements for the fiscal year 2006, prepared in accordance with the International Financial Reporting Standards and interpretations. For a detailed description of these policies and methods, please see the Annual Report 2006.

This publication can also be found on the Internet at:

http://www.inticom-systems.de/eng see Investor Relations /publications

Basis of consolidation

The basis of consolidation of InTiCom Systems AG has remained unchanged compared to the fiscal year 2006. In addition to the parent company, three foreign subsidiaries are included in the consolidated financial statements. All of these companies are 100 percent subsidiaries.

Consolidated income statement

The earnings before taxes, interest, depreciation and amortization (EBITDA) have grown slightly faster than the personnel expense, also on the increase due to the steadily rising number of employees.

The strongly higher depreciation gives an indication of the increased capital expenditures for the setup of the new production location Prachatice and for the expansion of development capacity at the locations Passau and Neufelden (Austria) over the past quarters.

Consolidated balance sheet

For medium-term and long-term financing purposes, a promissory note loan ("Schuldscheindarlehen") to the amount of EUR 5 million has been raised in the first nine months 2007. Supported by this loan, current liabilities due to banking institutes have been repaid to the amount of EUR 3 million.

Review

The interim consolidated financial statements at hand have neither been audited according to Section 317 HGB (Commercial Code) nor reviewed by an auditor.

	1/01/2007 - 9/30/2007 EUR (000)	1/01/2006 9/30/2006 EUR /000)	Change 2007 to 2006 absolute	Change 2007 to 2006 in %
Personnel expense	3,924	3,064	+860	+28.1
EBITDA	3,537	2,690	+847	+31.5
Depreciation	1,146	702	+444	+63.2

Financial calendar

11/14/2007

11/14/2007 Publication of the 9-month financial statements

11/14/2007 Analysts' conference at the German Equity Forum in Frankfurt/Main

Publisher: InTiCom Systems AG, Spitalhofstrasse 94, 94032 Passau, Germany Phone + 49 851 9 66 92 - 0, Fax + 49 851 9 66 92-15 www.inticom-systems.de; info@inticom-systems.de Concept: PvF Investor Relations; www.pvf.de

Photos: Uwe Dettmar, Frankfurt/Main

Graphic Design: Sieler Kommunikation und Gestaltung GmbH; www.sieler-kom.de

Security Identification Number (WKN) 587 484 International Security Identification Number (ISIN) DE0005874846 Stock exchange symbol IS7