Q4 interim report and preliminary annual results 2008

The main headlines of the Q4 report include:

-Total Q4 revenue 13.4 million, product sales equals 5.3 million (6.6 million)

-Q4 EBITDA of 1.7 million (-7.4 million)

-Sale of non-operating IP rights for 8.2 million

-Total write down of intangible assets, goodwill and deferred income tax assets and liabilities of 45.3 million in Q4. Equity ratio after write down equals 76%

-Previously announced restructuring and cost reductions implemented

-Sales activities focused on large OEM customers and Partnerships for solution sales

-Partnerships announced with Magma and Colfax

-Numascale subsidiary funding deal did not close as anticipated, alternative funding process underway

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

Web cast available at 08:30 at:
http://www.cik.no/dolphin/090226/090226_dolphin.php


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