Q3 2008 interim results

Total Q3 revenue equals 5.5 million with 66% gross margin

Dolphin Express in MySQL market expands in Q3 with new customers, new partners and broader product line

Unanticipated barriers in Oracle market result in Dolphin Express growth below plan

Restructuring and cost reductions implemented in Q3, cash usage to fall sharply.

Asset sale-agreement signed in September will generated non-operating cash inflow of  8.1 million in Q4

Numascale subsidiary - 25 million funding deal signed with two Norwegian venture funds; due to close in December

New OEM revenue expected in Q1 2009. Dolphin is also pursuing several new appliance opportunities for compute and storage acceleration, expected revenue contribution in 1H 2009.

Read full report at www.newsweb.no or www.dolphinics.com

For further information, please contact
Tim Miller, CEO, telephone +1 508 7405 949
Alex Gundersen, CFO, telephone +47 41 47 41 07