Ixonos - Company Announcement

Ixonos commences co-operation negotiations

Helsinki, Finland, 2012-01-03 09:00 CET (GLOBE NEWSWIRE) -- Ixonos Plc         
Stock Exchange Release          3 January 2012 at 10:00 


IXONOS COMMENCES CO-OPERATION NEGOTIATIONS

Ixonos commences co-operation negotiations with its personnel in Finland for
reasons related to production, financial position and reorganization of
operations. 

The demand for Ixonos' Symbian and MeeGo R&D and software development services
provided for Nokia Plc has reduced significantly, and the demand is not
expected to return to past levels. The goal of the negotiations is to adjust
the company's cost structure to the changed situation in order to secure the
company's competitiveness. 

The negotiations apply to all personnel in Finland, who are employed by Ixonos
Plc or the Group's subsidiaries, as well as to employees in foreign offices who
are employed by Finnish companies or their foreign branch offices. The actions
are estimated to impact 150 people at the most. 

In accordance with its strategy, Ixonos continues to expand its clientele by
boosting sales of services and solutions to mobile technology suppliers, mobile
device manufacturers, consumer electronics manufacturers and other customers
operating in Finland and internationally. 


IXONOS PLC
Kari Happonen
President and CEO

For more information, please contact:
Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com

Distribution:
NASDAQ OMX Helsinki
Main media

Attachments:

Ixonos_release_coop_neg_20120103.pdf