Dolphin Integration: Mid-Year Activity Report: Sustained and Profitable Growth

GRENOBLE, France -- July 09, 2007 -- The company Dolphin Integration (Paris:ALDOL) confirms the amount of Sales Turnover performed over the first semester closed on March 31, 2007, slightly above the announcement in its press release of June 12, 2007. Precisely, the actual Sales Turnover amounts to 5.07 M€, exhibiting a 25 % growth rate with respect to the same period of the previous year.

The company is publishing today the mid-year financial statements partially audited by its Statutory Auditors. These accounts shall be put on-line on the web-site www.dolphin.fr as soon as approved by the Board of directors invited on July 11.

Earnings

The consolidated retained earnings amount to 613 k€ versus a loss of (238) k€ a year ago and the consolidated current earnings reach 521 k€ versus a current loss of (330) k€ last year. Finally, the net earnings amount to 796 k€ versus a net loss of (121) k€ over the same period last year.

Michel DEPEYROT, Executive Chairman, declared: "These intermediate results exhibit a properly sustained and profitable growth rate of our activity. The launch of our new subsidiary in Montreal does not damage our operating margin, higher than 12 % for this first semester, proving the outstanding trend in which our group nowadays evolves. I wish to congratulate all our teams for their performance and to thank our shareholders for their Trust."

Perspectives

The company has reinforced its position in the design of portable products, thanks to their low power-consumption; it is now based on four growth units specialized in market segments, from standard cell libraries up to custom system integration.

This approach, strengthened by the state-of-the-art contributions from the German and Quebec subsidiaries, is already enabling the launch of the first products at 65 nanometers of lithography, again demonstrating our steep technological progress.

The order backlog has grown from 70 days at the beginning of the fiscal year to 180 days at mid-year.

This context allows to continue counting on an effective growth rate, as well as the attainment of the Sales Turnover Objective, which we confirm again as 12.5 M€.

For the Board of Directors

About Dolphin Integration

This company controls a key strategic position in the ever-growing industry of Design in Microelectronics, with lasting growth and on the way to accelerated deverticalization.