Option trading update - first quarter 2011
The Company reports a positive EBITDA of EUR 898 thousand for the first quarter of 2011.
The cash position of the Company improved compared to year-end 2010, mainly the result of license fees received for a total amount of EUR 33 million during Q1 2011.
The Company expects new wireless solutions and products to contribute to the results as from the second half of 2011.
Option, the wireless technology company, is a leading innovator in the design, development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN technology products for wireless connectivity solutions. Option has built up an enviable reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option's headquarters are in Belgium (Leuven). The company has Research & Development in Belgium (Leuven) and Germany (Augsburg), and an ISO 9001 production engineering and logistics facility in Ireland (Cork). Option also has offices in Europe, US, Greater China, Japan and Australia. For more information please visit our website www.option.com.