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Thalwil, Switzerland, August 12, 2010 – u-blox, a leading fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets, announces better than expected first half 2010 performance with profits surging compared to the first half year 2009.

While half-annual accounts are still under preparation, revenue for the first half year 2010 is expected to be CHF 49 million with an EBIT of approximately CHF 7 million. The increase is based on strong customer demand in all sales regions and strengthening of the US dollar during the reporting period.

For the full year 2010, u-blox increases its revenue guidance and anticipates year-on-year revenue growth of 50% to CHF 110 million with an EBIT margin of 15% approximately (up from the previous guidance for EBIT of CHF 6 million). The outlook is under the assumption that the company can meet customer demand despite certain capacity constraints in the supply chain and exchange rates remain constant.

Final half-year numbers will be published on September 3, 2010. 


About u-blox
u-blox is a leading fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets. Our solutions enable people, devices, vehicles and machines to locate their exact position and wirelessly communicate via voice, text or video. With a broad portfolio of GPS modules, chips, and software solutions together with wireless modules and solutions, u-blox is uniquely positioned to enable OEMs to develop innovative solutions quickly and cost-effectively. Headquartered in Switzerland and with global presence in Europe, Asia and the Americas, u-blox employs 200 people. Founded in 1997, u-blox is listed on the SIX Swiss Exchange. (www.u-blox.com)

u-blox contacts
Jean-Pierre Wyss, Chief Financial Officer
Phone: +41 44 722 74 20
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Thomas Seiler, Chief Executive Officer
Phone: +41 44 722 74 22
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Disclaimer
This press release contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements of u-blox to differ materially from those expressed or implied herein. u-blox is providing the information as of this date and does not undertake any obligation to update any forward-looking statements contained herein as a result of new information, future events or otherwise.