Ixonos - Company Announcement

Ixonos commences co-operation negotiations

Helsinki, Finland, 2011-04-19 08:00 CEST (GLOBE NEWSWIRE) -- Ixonos Plc        
 Stock Exchange Release          19 April 2011 at 9:00 


IXONOS COMMENCES CO-OPERATION NEGOTIATIONS

Ixonos commences co-operation negotiations with its personnel for financial and
production-related reasons and for those arising from reorganization of
operations. 

The goal of the negotiations is to adjust the company's cost structure to the
decelerated growth as well as to improve the company's ability to maintain the
best possible profitability. 

Ixonos' entire personnel in Finland are in the scope of the negotiations, with
the exception of the personnel of Ixonos Business Solutions Ltd. The
negotiations are estimated to impact no more than 100 people in the Group's
administration, support functions, sales and service production. As part of the
reorganization, the company plans to close down the production of mobile device
R&D services in its offices in Salo and Turku. 

Besides Finland, similar reorganization of operations and rationalization
procedures are planned to be carried out in Ixonos Group's foreign
subsidiaries. 

In accordance with its strategy, Ixonos continues the activities 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_20110419.pdf