Option NV announced consolidated earnings results for the first half year ended June 30, 2010. For the period, the company reported revenues of 30.9 million against 92.0 million a year ago. LBIT was 21.0 million against 20.4 million a year ago. Net loss was 20.5 million or 0.25 per diluted share against 16.8 million or 0.41 per diluted share a year ago. LBITDA was 6.511 million against 10.967 million a year ago. Loss before taxes was 21.937 million against 24.359 million a year ago. Net cash from operating activities was 15.244 million against 1.726 million a year ago. Acquisition of property, plant and equipment was 0.033 million against 0.813 million a year ago. Development expenditures was 4.544 million against 9.225 million a year ago.

Option NV announced that it is working with Qualcomm to develop and deliver customized global embedded connectivity solutions based on the new Gobi(TM) 3000 platform. Both companies have been working together on earlier generations of the Gobi platform and have several Gobi implementations running with device manufacturers. Option's solutions based on the Gobi 3000 platform will include a full size PCIe mini-card for laptops, a half size PCIe mini-card specifically designed for small laptops and an ultrathin LGA module targeting consumer devices and machine-to-machine applications. Option state-of-the art connection software, uCAN(c) Connect - which is fully Gobi compliant - will be part of the offering the Company is bringing to its customers. The new products will enable high speed connectivity up to 14.4 Mbps in the downlink and 5.76 Mbps in the uplink and have a GPS feature. All models provide wordwide connectivity either via HSPA or EV-DO and will use the Gobi 3000 API empowering applications developers to create value-add applications that can perfectly run on any Gobi compliant hardware. The half size mini-card and LGA modules have voice communication capability and the half size minicard features optional Wi-Fi. The combination of Gobi-enabled connectivity solutions, along with Option's expertise in connectivity software and integration support, customized solutions and professional services to the OEM/ODM market make it the ideal solution for manufacturers of mobile devices interested in delivering high-quality mobile broadband data connectivity to its customers worldwide.

Option NV expected to report Fiscal Year 2010 results on February 24, 2011. This event was calculated by Capital IQ (Created on June 27, 2010).

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