Numascale financing update

Thu, Dec 18, 2008 14:09 CET

In October 2008, Numascale announced agreement on terms with two Norwegian venture funds for NOK 25 million equity funding of the company.

The agreement did not close as planned due to internal reasons at one of the participants. Numascale is actively pursuing alternative financing from several identified sources. The Board in Numascale expects to close the funding round in January 2009.

Dolphin Interconnect Solutions currently owns 72.7% in Numascale.

For further info, contact

Tim Miller, CEO Dolphin, 001 508 7405 949
Alex Gundersen, CFO Dolphin, 0047 41 47 41 07
Kåre Løchsen, CEO Numascale, 0047 95 08 87 31