The board of AudioDev AB files for bankruptcy

The board of AudioDev AB files for bankruptcy

As a consequence of AudioDev's liquidity situation and the very low demand in
the market, the board has explored the possibilities of issuing new shares. The
major customers of AudioDev AB have as a consequence of the global recession
chosen to minimize their investments in 2009. It is likely that the investments
will be limited next year as well. The largest share holder of AudioDev AB,
Briban Invest, holding 58% of the shares, has declined to participate in an
issue of new shares. The Board has therefore decided to file for bankruptcy of
AudioDev AB. The bankruptcy does not include the subsidiaries in Germany, the US
and the affiliated company in Hong-Kong.


The information presented here is such that AudioDev AB (publ) is required to
make public under the Swedish Securities Markets Act and/or the Swedish
Financial Instruments Trading Act. The information was released for publication
on June 15 2009 at 09:00 CET.

For further information, please contact:
Jan Barchan, Chairman of the Board, Phone: +46 40 690 49 00
Email: jan.barchan@briban.se  

AudioDev is a world leader in providing complete solutions for quality
assurance. Our brands, ETA™, CATS™ and GO!™ are perfect tools for protecting
quality and production efficiency. Examples of industries where AudioDev is
currently active are optical media, flat panel displays and industrial glass
applications. We offer a complete package with high-precision analyzers,
extensive customer support, training and TestCenters around the world. With a
large installed base of analyzers worldwide, AudioDev has achieved recognition
as the de facto standard in optical media testing. 

Net sales in 2008 were SEK 116 million, with the largest markets being in the
US, Asia and Europe. The head office is in Malmö, Sweden AudioDev has been
listed on the NASDAQ OMX Stockholm exchange since September 2000.