"As earlier announced, AudioDev AB and Microsoft Corporation (MSFT) have renewed the agreement for AudioDev to provide test equipment for the Xbox 360(R) video game and entertainment system from Microsoft. The agreement expands an ongoing development and purchase relationship between the two companies. As part of this agreement, AudioDev has now started deliveries of test equipment for Xbox 360.

'It is exciting and rewarding for AudioDev to be able to play a vital part in quality control of Xbox 360,' says Christer Sjostrom, CEO of AudioDev. 'To be chosen as exclusive supplier is a great proof our technical skills and market leading position within the testing industry.'

The test systems will be integrated and delivered to replicators authorized by Microsoft to produce Xbox 360 game discs. The main part of the deliveries will be shipped during the second half of 2005. The agreement is of substantial value to AudioDev's business, but due to confidentiality we cannot specify the exact order value.

AudioDev in brief

AudioDev is a world-leading manufacturer of test equipment for quality control of optical media such as CDs and DVDs. Net sales in 2004 were SEK 275.0 million with the largest markets being in the US, Asia and Europe. The head office is based in Malmo, Sweden. AudioDev has been listed on the Stockholm Stock Exchange since September 2000.

AudioDev's products are sold under the brands CATS and Go!. The products in the CATS series are high precision analyzers for quality testing of all formats on the market. Go! is a new brand with products optimised for production control. AudioDev also offers an extensive service network, as well as customised training and independent test analyses via AudioDev's TestCenter. AudioDev's customers include Technicolor, Ritek Corp., Microsoft, EMI, Pioneer, Cinram, Panasonic, Moser Baer India and CMC.

Xbox, Xbox 360, and Xbox Live are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries."