Scalado shows its financial strength with highly-prized "triple-A" credit rating

Scalado shows its financial strength with highly-prized "triple-A"
credit rating

ID: 5953

(Thomson Reuters ONE) - Lund, Sweden, 18 September - Scalado (www.scalado.com), a worldleader in mobile imaging, has today announced that it has gained atriple-A rating, the highest possible credit score in the Soliditetevaluation system, which is based on approximately 2,400 decisionparameters. This rating, which is updated daily via the Soliditetdatabase, is commonly used as a key financial metric throughout theNordics, and is also used by Dun & Bradstreet globally. Only 3% ofSwedish companies have been awarded a triple-A (AAA) rating.Scalado, which already has operations in both Europe and Asia, hasearned a worldwide reputation for providing mobile imaging softwaresolutions that are powerful, scalable and modular for any cameraphone. Scalado's mission is to make imaging on mobile phones moreefficient by bringing higher usability for end-users, and by cuttinghardware costs for handset manufacturers who increasingly have tocompete with products which can offer phone, email, camera, and musicfunctions in a single device."It is very gratifying to know that Scalado AB has been given thehighest credit rating possible," says Kim Wiencken, acting CEO ofScalado. "This proves once again that Scalado is a financially strongand stable company, in addition to being a leading innovator in themobile imaging sector. As such, we are confident that this news willbe reassuring to our staff, customers and partners."Scalado's SpeedTags technology enables photographers to instantlycapture multi-megapixel images without any shutter lag, freezing themoment of capture. Users can zoom into the resulting JPEG images toreview the details of the image without any delay, thus givinggreater freedom to photographers whilst also enhancing a wide varietyof camera phone functions, such as "burst capture".Scalado is best-known, however, for its CAPS(TM) imaging SoftwareDevelopment Kit (SDK), an extremely CPU and memory efficient softwaresolution that can drastically decrease image processing times whencapturing, viewing, and editing large images.According to a survey conducted by InfoTrends/CAP Ventures, cameraphones are expected to account for 89% of all mobile phone handsetsshipped by the end of the year. By adopting Scalado's technologies,mobile phone manufacturers can maximize this opportunity bydrastically reducing development and device costs, and significantlyshortening time to market.For this reason, more than 400 million mobile phone handsets nowfeature Scalado software, and Scalado already lists the top five tier1 mobile phone manufacturers as its licensees.<>About Scalado ABScalado AB is a Swedish imaging Software Company that focuses on thewireless device industry. It provides mobile imaging softwaresolutions that are powerful, scalable and modular for any cameraphone. Its mission is to make imaging on mobile phones more efficient- bringing higher usability for end-users and cutting hardware costsfor device manufacturers. With unique and patented softwaretechnologies, it solves critical performance issues with less memoryand CPU requirements. Scalado CAPS is the leading imaging solutionfor camera phones, embedded in more than 400 million devices.Founded in 2000, Scalado has its head office in IDEON Science Park inLund, Sweden. The company's principal shareholders are venturecapitalists NorthCap Partners, Industrifonden, and Teknoseed as wellas company's founders. For more information, please visitwww.scalado.comScalado Press Contact Scalado Company ContactAndrew Ball/Chaz Brooks Fadi Abbas, Co-founder, Interim CMO/CSOChazbrooks Communications Scalado ABTel: +44 (0)1483 537 890 Tel: +46 733 118 222E-mail: andrewb(at)chazb.com E-mail: fadi.abbas(at)scalado.comwww.chazb.com www.scalado.comhttp://hugin.info/134978/R/1341979/321085.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 18.09.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 5953
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