Kurs & Likviditet
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Nordic SME Sweden |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
Imsys AB and My-Konsult System AB have today signed a letter of intent to evaluate the conditions for cooperation. My-Konsult System AB is active in advanced military systems and supplies integrated systems in radar technology. The preliminary intention for the parties is to evaluate each other's know-how and technology portfolios with the aim of cooperation.
Imsys and My-Konsult are both high-tech companies with cutting-edge expertise in two knowledge intense areas; microprocessors for AI and radar signal processing. The companies have decided to study opportunities in joint development of software solutions for radar signals applying Artificial Intelligence (AI) for use in radar sensors. Such device is a future solution for the automotive industry. The purpose is to develop a software solution adapted to Imsys microprocessor architecture.
- We perceive radar as the future means for monitoring movements in vehicles, says Magnus Stuart, CEO of Imsys.
Radar offers generally more accurate information to the vehicles driving information system. Radar has potential to provide increased safety through accuracy of detail in monitoring both inside vehicles and externally. With Imsys' low-energy, high-efficiency microprocessor and in My-Konsult radar expertise, we expect to be able to create software solutions which through AI refine this information.
We also intend to collaborate on customer projects together in these areas, says Anders Grenstad, CEO of Scandinavian Astor Technologies AB, which is the parent company of My-Konsult. Anders Grenstad is retired Rear admiral of the Swedish Navy.
Together, we have identified that there is a demand for AI in radar, especially for solutions in the form of software, and therefore see that there is a gap in the market that wants to fill, Magnus Stuart continues.
Imsys processors are impressive. They have high performance and low energy consumption, which is why My-Konsult wants to evaluate them for use in our advanced radar interference systems, Anders Grenstad concludes.
IMPORTANT INFORMATION
This press message is a translation from the original which was published in Swedish, prior to this English version. In any and all legal considerations, the press message in Swedish serves as the company's official version.
The information in this press message does not constitute an offer to acquire, subscribe for, or otherwise trade in shares or other securities in Imsys AB. No action has been taken and no action will be taken to allow an offer to the public in any jurisdiction other than Sweden. The offer is not aimed at persons domiciled in the USA, Australia, New Zealand, Hong Kong, Japan, Canada, Switzerland, Singapore, South Africa or in any other jurisdiction where participation would require a prospectus, registration or other measures than those provided by Swedish law. The information in this press release may not be published, published or distributed, either directly or indirectly, in or to the United States (including its territories and provinces, any U.S. state, and District of Columbia).
For more information, please contact:
Magnus Stuart, CEO magnus.stuart@imsystech.com +46 706 211 350
IMSYS IN SHORT
Imsys AB (publ) is a Swedish based high tech microprocessor company with focus on AI, founded in 1981. The company is a lead designer and developer of high performance, low energy consumption, flexible microprocessor solutions for AI applications. Imsys ALICE technology offers advantages in EDGE AI applications for automotive, security, computer centers, 5G mobile communication, block-chain and image recognition.
The company's shares are listed on NGM SME market
Göteborg Corporate Finance serves as Imsys appointed mentor and is available on telephone +46 31 13 82 30.