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Option N.V. Gaston Geenslaan 14 3001 Leuven, Belgium http://www.option.com
Contact Mr Jan Smits +32 16 31 74 11
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Option N.V.

Option trading update - first quarter 2011

(PresseBox) (Leuven, )
Option (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announced that during the first quarter of 2011 the Group generated revenue of EUR 13.6 million compared to EUR 13.1 million in the first quarter of 2010. Product related revenues and software & license revenues represented each half of total revenues.

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.

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Option N.V.

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.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.