Dolphin Integration - Annual statement 08/09 on operating income

Grenoble, October 16, 2009 -- The income from our current operations, before the audit and still awaiting some royalty statements, amounts to about 10.7 M€ at the fiscal closing of September 30, 2009, in a slight decrease with respect to the previous year.

Two facts have taken their toll, which was fortunately compensated by an appropriate marketing response: on the one hand the suffering of a number of partners due to the economic climate, and on the other hand the decline of the dollar.

The distribution of market demand in terms of fabrication processes is now split between two Gaussian curves, respectively centered on 130 nm and 65 nm, which imposes a stringent scheduling awareness and stresses our size.

We have maintained our level of activity in a strongly declining market, and appropriate corrective measures had been decided in time, so the net result should be satisfactory from all our partners’ points of view.

The high rate of upgrades imposed by our market position, in both the Library and the Audio converter businesses, has been faced positively so that the company is facing the new fiscal year in a promising posture.

For the board of directors, the executive chairman

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.

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