Operating income of current operations of Dolphin Integration on september 30, 2010

Grenoble, November 9, 2010 -- The income from our current operations, only partially audited, amounts to about 10.6 M€ at the fiscal closing of September 30, 2010, in a slight decrease with respect to the previous year.

The commercial recovery during the course of the year has been countered by the major effect of a period of change marked by the concentration of the competition, by their acquisitions by big actors of the EDA industry, in our commercial sector said of pre-developed "Virtual Components". This sector long so misunderstood is now attracting the large players, in front of whom Dolphin Integration gets noticed by offering "sub-systems" making easy the integration of Systems-on-Chip.In a worldwide market where, in addition, the number of Integrated Circuits decreases except in China, while becoming of growing complexity, the company – pioneer in this profession and widely acknowledged for the quality of its products – must develop its technological lead and its differentiators for maintaining its assets.

In view of the difficulty of management for synthetic commercial offers in subsystems, it is its relatively small size itself, and the complementarity of its activities, which are going to enable it to distinguish itself by supplying its customers with a truly consistent offering and guaranteeing their Time-to-Market.

Confronted to this challenge, the enterprise had to reinvent itself without the advantage of start-ups able to operate at a loss for ensuring the needed rate of innovation. This has led it this year to broach its level of profitability in accordance with "the strategy of the mangrove" throwing new roots, especially with the new products of the subsidiaries in Israel and in Quebec, while benefiting from the advantage of a solid "trunk" with an established reputation in front of the competition. Nonetheless the net result should remain close to the balancing point.

Indeed, the solution has required the recruiting of a team of Field Application Engineers, able to help our customers to integrate rapidly our Virtual Components, with reliability and for fabrications with high yield.

The scheduled rate of product releases endowed with such applicative support is high and some of them enable to address promising new segments: the best example concerns the "smart grid" applications. They so put the company in a disposition for entering the new fiscal year in a feisty and trustful spirit.

About Dolphin Integration

The company occupies a key position with sustainable growth in the strategic industry of design for Microelectronics in the midst of fast deverticalization.