As a consequence of AudioDev’s liquidity situation and the very low demand in the market, the board has explored the possibilities of issuing new shares. The major customers of AudioDev AB have as a consequence of the global recession chosen to minimize their investments in 2009. It is likely that the investments will be limited next year as well. The largest share holder of AudioDev AB, Briban Invest, holding 58% of the shares, has declined to participate in an issue of new shares. The Board has therefore decided to file for bankruptcy of AudioDev AB. The bankruptcy does not include the subsidiaries in Germany, the US and the affiliated company in Hong-Kong.

About the company
AudioDev is a world leader in providing complete solutions for quality assurance. Examples of applications where AudioDev is currently active are optical media, flat panels, and glass- and lens manufacturing.

Our brands, ETA™, CATS™ and GO!™ are perfect tools for protecting quality and production efficiency. We offer a complete package, including high-precision analyzers, extensive customer support and training, and TestCenters around the world. With a large installed base of analyzers worldwide, AudioDev has achieved recognition as the de facto standard in optical media testing.

Our headquarters is located in Malmö, Sweden, with subsidiaries in Germany, USA, China and Taiwan, plus a service and support network of agents worldwide. AudioDev has been listed on the Stockholm Stock Exchange (The Nordic List, Small Cap) since September 2000.

www.audiodev.com