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2016-02-18

ContextVision AB : ContextVision AB presents Q4 and full year 2015 report

ContextVision: The best year in our historyContextVision, the leading provider of image processing software, has
delivered a record-breaking year. Reaching the highest yearly revenues ever
and topped off by very good R&D-results within artificial intelligence and
deep learning.
- We proudly announce that a very strong quarter ends 2015. And we have an
even stronger cash position than previous year, said CEO Anita Tollstadius.

ContextVision sales in the fourth quarter was 18,8 MSEK, compared to 16,2 MSEK
in last year's fourth quarter. The operating profit was 1,1 MSEK (1,0 MSEK)
and the operating margin 5,9% (5,9%).

The full year sales 2015 reached 72,2 MSEK, which is a 12% growth and the
highest sales ever. ContextVision's operating profit was 7,0 MSEK in 2015,
providing an operating margin of 9,5%.
Results from experimental research exceeded the company's expectations, and in
addition, a new product prototype based on artificial intelligence was
presented.

- The company has successfully continued to develop a new prototype by
using the latest technologies for artificial intelligence, primarily deep
learning, with very encouraging results, positioning us for further growth,
said Tollstadius.

The decrease in operating margin from previous year (11%) was only slight
considering the significant increased spending on research activities and
business development. In parallel to increasing the activities towards new
businesses, ContextVision was able to improve the profitability within the
core business, reaching an operating margin of 23%.
ContextVision had particularly strong sales in the Asian region, with an
impressive growth of over 50%. It was a particularly positive development in
both China and Japan. China delivered an increase due to orders from several
new customers which were successfully generated during the year. In Europe,
overall sales were stable, with some minor fluctuations. A slight generally
slow US healthcare market was compensated by a favourable currency but during
the fourth quarter sales was also affected by lower sales from three of our
major US customers, which is related to normal sales variation as these all
had strong orders during the third quarter.

- The fourth quarter confirms ContextVision's ability to increase sales
on the existing market and reach profitability while investing aggressively
in the development of new technology, said Tollstadius.

A significantly upgraded ultrasound portfolio was launched at the medical
imaging industry's most important gathering, the annual meeting of the
Radiological Society of North America (RSNA) in December. The company's
unique 3D image enhancement is the definitive technology leader in the more
sophisticated 3D ultrasound segment, where a significantly larger amount of
data needs to be processed in real time.

About ContextVision:

ContextVision's cutting edge technology helps doctors interpret medical
images, a crucial basis for accurate diagnosis and treatment. ContextVision
provides state-of-the-art medical image analysis and enhancement software to
equipment manufacturers worldwide. The company started out as an industry
pioneer more than 30 years ago, and is today the global leader within
specialized software for 2D/3D/4D Ultrasound, MRI, X-Ray, Mammography and CT.
The company is investing heavily in R&D in order to expand its technology
platform. ContextVision is based in Sweden and listed on the Oslo Stock
Exchange under the ticker COV. For more information, please visit
www.contextvision.com.

About deep learning:

Deep learning is the fastest growing area of machine learning. Deep learning
mimics the brain to create a self-learning computer. It uses neural networks,
many layers deep, and large datasets ("Big Data") to teach computers how to
detecting recognizable patterns in data. Deep learning is used in the
research community and in industry to help solve many big data problems such
as speech recognition and face recognition.
For further information, please contact ContextVision's CEO, Anita
Tollstadius, telephone +46 70 337 3026.

ContextVision Q4 2015 report
http://hugin.info/134918/R/1986931/729111.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ContextVision AB via Globenewswire

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