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IAR Systems signs development contract with leading Japanese manufacturer of microprocessors

IAR Systems, a subsidiary of the Attract 40-listed Nocom, has won a significant development contract from a customer in Japan, a world-leading supplier of microprocessors to whom IAR Systems will deliver a development tool for the company’s new 32-bit chip architecture. The contract is an extension of a longstanding partnership between the companies and is valued at approximately SEK 3.5 million. The new contract has strengthened IAR Systems’ position as the foremost supplier of development tools to Japanese chip makers. The product will be supplied as an enhanced version of IAR Systems’ successful toolset IAR Embedded Workbench. With this new order, IAR Systems has further expanded its offering and strengthened its competitiveness in the fast-growing and profitable market for 32-bit microprocessors. “The new contract is a good example of our longstanding strategic commitment to partners in the chip industry. In this case, the close collaboration will not only generate new business but will also create benefits and growth for us, the chip maker and our mutual customers,” says Olle Eriksson, President of IAR Systems. “Aside from actual development work, the order offers valuable scope for increased software sales in coming years when this technology reaches the chip maker’s customers, the majority of which are found in the large European automotive industry where IAR Systems already has a strong position.”

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