Ignis after completion of the sale of Datametrix AS

1.1 Corporate information Ignis ASA is a Norwegian Public Limited Liability Company incorporated under the laws of Norway and governed by the Norwegian Public Limited Companies Act of 13 June 1997 no. 45. The Company is registered in the Norwegian register of business enterprises with company registration number 858 905 192.

The Company is listed on the Oslo Stock Exchange with “IGNIS” as ticker code. The Company’s share capital is NOK 75 084 250.00 divided into 30 033 700 shares each with a par value of NOK 2.5. The shares in Ignis are registered in the Norwegian Central Securities Depository (the “VPS”) with the Securities Identity Number ISIN NO 000308750. The Company’s Registrar is DnBNOR VPS Service AS. The Company has its registered business address at Martin Lingesvei 25, 1367 Snarøya, Norway, telephone: +47 67 83 00 00.

1.2 Legal Structure after the completion of the Transaction After completion of the Transaction, the Ignis group will consist of the companies Ignis Technologies AS (Norway), Fi-ra Photonics Co.,Ltd (Korea), Smartnet AS (Norway,) Ignis Photonyx AS (Norway), Ignis Photonyx A/S (Denmark) Ignis Photonyx Inc (Canada), Ignis Photonyx Inc (USA), Ignis Photonyx AB (Sweden) as well as the associated company poLight AS (Norway). All subsidiaries are 100% owned by Ignis ASA, with the exception of Fi-ra Photonics Co.,Ltd (54.4%). Ignis ASA holds 48,6% of the shares in poLight AS.

The figure below shows the legal structure of the Company and its subsidiaries as per the date of summons to bondholders' meeting.

Ignis Photonyx ASNorway 100%

Ignis Photonyx A/SDenmark 100%

Ignis Photonyx IncCanada 100%

Ignis Photonyx IncUSA 100%

Ignis Photonyx ABSweden 100%

Ignis Technologies ASNorway 100%

Fi-Ra Photonics Co LtdKorea 54.4%

poLight ASNorway 48.6%

Smartnet ASNorway 100%

Ignis ASA

1.3 Business overview After completion of the Transaction, the Ignis group will consist of only one business unit, Ignis Technology.

The Company will have wholly owned subsidiaries in Denmark, North America, China and Norway, and a 54.4% ownership of the Korean company Fi-ra Photonics Co. Ltd. Ignis Technology has taken the position as a leading optical component supplier in the rapidly growing market for fiber optical networks.

The figure below shows the Company’s organisational structure after completion of the Transaction.

Ignis Photonyx63 employees

Fi-Ra Photonics108 emplpoyee

Ignis TechnologyCEO Magnus Breidne

IgnisCEO Thomas Ramm

1.3.1

1.3.2

Brief history of Ignis Technology The activities which later became Ignis Technology were originally founded in 2000 by the shareholders of Opti Switch AS, under the name of Lightune Ltd. The company later changed its name to Photonyx Ltd. and established headquarters in Bermuda. Opti Switch AS sold all relevant rights to the chip technology to Photonyx Ltd. in 2000. In 2001, Photonyx acquired the majority of the shares in Opti Switch AS, which thereafter was dissolved.

In 2002 Photonyx built a demonstration proto-type of a Variable Optical Attenuator (VOA), a frequently used component in fiber-optic telecom networks. The same year, Photonyx AS was established as the operating subsidiary in Norway. All employees and the activities in Horten, Norway were transferred to this subsidiary. In the autumn of 2002 Photonyx established a subsidiary in Kista, Stockholm in Sweden to increase its development and business development staff.

Photonyx Ltd. was acquired by Wicom ASA (now Ignis) in October 2003, and has since continued working on further technology development and product commercialization. With the acquisition of NKT Integration A/S in Denmark and Canada in January 2005, Ignis Technology gained access to a modern production facility outside of Copenhagen, Denmark, complementary technologies commercial products an established customer base, packaging facilities in Montreal, Canada and a sales office in Chicago, Ill., USA.

The acquisition of 50.1% of Fi-ra Photonics Ltd (present ownership 54.4%) in 2006 added another plc-based product family, manufacturing, packaging and sales operations in Korea, which have been reorganised in alignment with the Danish operations over the past year. The Technology division also has a sales representative office and contract manufacturing operations in China for high volume packaging. This is controlled from the backend operations in Montreal, Canada.

Vision, business idea and strategy

Positioning statement Ignis Technology is positioned as a technology challenger with global ambitions, and with the aim to move rapidly and act smart with an innovative approach.

Goal The vision of the Ignis Technology is to become a world-class supplier of fiber-optical technologies to the global telecom market.

Business idea The telecom markets experience increasing demand for bandwidth, which can only be achieved through deployment of fibre-optical networks to – or near to – the end-customers. Based on in-house optical technologies offering high-volume scalability, Ignis Technology will establish a competitive product offering within fiber-optical components and integrated modules for these high-performance fiber networks.

Strategy Ignis Technology initially targets the markets for optical components and modules to the telecom broadband access and metro sectors. The main driver for these markets is the increasing demand for bandwidth, as a result of higher demand for speed in regular internet connections and the emerging demand for multiple-play solutions including extended services such as video-on-demand, high-definition TV (HDTV), interactive television, video conferencing and IP telephony. The increased demand for higher bandwidth to the end-user places increasing requirements also on the metro and long-haul backbone fiber networks, which further increases demand for optical components.

Ignis Technology already offers products which can expand network capacity and optimise fiber-optical network architecture in the access and metro segments as well as in long-haul. The company will continue to develop high-performance and cost-effective optical components and modules based on a unique, in-house technology platform.

Ignis Technology is currently positioned primarily as a component supplier delivering products to system houses, which in turn deliver to the telecom operators. The acquisition of the Danish and Korean operations have moved the company up the value chain and closer to the end-user markets, which in turn offers opportunities for improved margins.

1.4.1

1.4.2

1.4 Ignis Technology products and position

Market trends

The broadband market Investments in the telecom sector have grown at modest pace over the past years, with investment growth in the fixed-line segment of the telecom markets primarily being driven by the broadband segment.

According to telecom consultants Dittberner Associates, the global number of fixed broadband customers increased by 5 percent during the first quarter 2008, to 355 million. This is more than double the number of fixed broadband connections established by the end of 2005, at which point in time a doubling was expected by 2009.

China surpassed USA as the biggest market during the first quarter 2008, adding 4.8 million subscribers to reach 71 million subscribers. The top-10 countries account for 75 percent of the market, having shown an increase of 16 percent year over year to 255 million subscribers.

Technology shift towards fiber The telecom operators have met the demand for higher bandwidth in different ways. The three main propositions are xDSL over copper, cable network solutions, or fiber-optical networks. xDSL technologies still make up approximately two-thirds of the access lines.

Ignis targets the fiber-optical networks market, which it believes offer advantages over the alternatives in terms of bandwidth limitations. According Dittberner Associates, shipments of Fiber-to-the-Home (FTTH) ports amounted to 6.3 million in 2007, which was an increase of 42 percent from 2006. In the first quarter of 2008, FTTH port shipments amounted to 1.9 million, which was an 11 percent increase over the fourth quarter 2008 and a 33 percent increase over the first quarter of 2007. GE PON (Gigabit Ethernet – Passive Optical Networks) accounted for 71 percent of ports delivered in 2007 and 60 percent of ports delivered in the first quarter 2008.

There are two main reasons why fiber-optical networks hold an advantage over the alternatives:

Firstly, optical fibers have a tremendous transmission capacity. With today’s technology a single fiber can carry more than 1000 Gbit/sec (equivalent to more than 15 million phone lines, or 1 million 1 Mbit/sec ADSL lines) across the Pacific Ocean. Co-axial copper is limited to a maximum 100 Gb/sec at distances as short as 100 metres, whereas satellite is best suited for broadcasting due to the cost of the return channel. Similarly, radio or wireless is limited by the number of subscribers each base station can serve.

Secondly, network cost-efficiency is crucial for operators to stay competitive. In fiberoptic networks it is possible to consolidate active equipment due to the fibers ability to carry high bandwidth over a long distance. This reduces the amount of active equipment needed in the networks, which simplifies network structure, operation and maintenance, and dramatically reduces operational costs.

The optical components market The optical components industry went through a difficult period at the turn of the century, as significantly reduced investments in the telecom sector generated overcapacity and sharply increased price pressure. As described above, the telecom operators’ increasingly need to offer higher bandwidths to serve the fast-growing broadband market, and the technology shift towards fiber-optical networks has revived growth in the optical components market.

Following a consolidation phase, the numerous telecom operators now have to turn to roughly a dozen vendors for deliveries of optical networks, including Alcatel, Nortel, Siemens, ADVA, Samsung, Fuijitsu, Cisco, etc. These are in turn being served by systems houses and their sub-suppliers for deliveries of optical components and modules.

The Company’s market segment and products The market for fiber optic component and modules can be divided into three segments; Access, Metro and Long-Haul market. Ignis Technology is well positioned to take market shares within the access and the metro market.

Long HaulAccess

Fiber to the HomeHFC

Metro Long HaulAccess

Fiber to the HomeHFC

Metro

Access market and products The access network is the part of the carrier network that reaches from the carrier’s central office to individual homes and businesses, the so-called ‘last mile’. When the signals are carried by optical fiber all the way to the end-user, it is often referred to as Fiber-To-The-Home (FTTH). A hybrid solution is fiber-to-the-curb, where the distance to end-users is being minimised as much as possible to increase the bandwidth in xDSL solution over copper into individual houses.

Due to the increase in the number of broadband access customers, the need for fiber-based access networks is also increasing rapidly. The world-wide market for passive optical networking (PON) systems increased by 56 percent to USD 1.74 billion in 20071.

In its PON and FTTH Equipment and Subscribers report in March 2008, Infonetics expects GPON systems to overtake EPON systems in 2009.

PON network revenue estimates 2007-2011(Source: Infonetics)

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B P O N E P O N G PON WDM-PON

The emerging WDM-PON market accounted for less than 5 percent of the number of PON-ports in 2007, and in excess of 7 percent of PON-revenue. Infonetics expects WDM-PON to increase by an average annual growth rate of 41 percent in terms of ports and approximately 30 percent in terms of revenue in 2007-2011.

Ignis Technology offers the following products to the Access market:

The power splitter product family consists of 1:n & 2:n components. All these are generally available products. The basic operation of a power splitter is that it splits the incoming data stream (one or two fibers) to the number of data streams in the

1 Infonetics Research

n split ratio. The data is exactly the same on each output port, just with a lower power. The power splitters are used in any xPON FTTH architecture, E- and GE-PON in Asia, B- and G PON in the US.

There are steady markets for splitters in Korea, Europe, USA, and Japan. There are also emerging and growing markets in China, Russia, Brazil, and Malaysia. Demands for splitters are growing together with pressure on price.

Ignis mainly delivers splitter modules through Fira Photonics, but also splitter chips through Ignis Photonyx.

For WDM-PON access system (as e.g. developed by LG-Nortel), Ignis Photonyx supplies AWG filters. The filter, based on Arrayed Waveguide Gratings – AWG, is a bi-directional device that operates as multiplexer or demultiplexer. In the application as demultiplexer the AWG performs a similar optical function in the access network as the power splitters from a helicopter view; That is, data on one fiber in is split to many fibers out, carrying data to the individual homes. The fundamental difference is that the input signal carries one wavelength (or channel) dedicated to each house, while when using the power splitters the same data stream is sent to each terminal, and the relevant data for your house is time-multiplexed. Where the powersplitter provides all wavelengths to all channels, the AWG provides separate wavelengths to dedicated channels.

Metro market and products Metro networks (MAN - Metropolitan Area Networks) represent the network level encompassing the access networks. Metro networks thus span larger areas, from a group of buildings up to an entire city, primarily via fiber-optic cabling. The higher bandwidth demand resulting from increased deployment of access networks – and increased usage from the individual end user – puts increasing demands on the metro networks, which can only be met by expansions, extensions, and/or cost efficient capacity optimisation. The prime markets in geographical terms are the US and Far East, with China, Korea and Japan as particularly interesting.

Metro makes up about two-thirds of all optical network hardware revenue. These investments are necessary both to deliver the bandwidth demand of today and the long-term increase due to the strong broadband access market. The traffic generated by the broadband subscribers will inevitable hit the metro networks, which are much less developed than the long-haul systems (see the following paragraph).

Ignis Technology offers the following products to the Metro market:

The AWGs for the metro market look like the ones for the Access market, and has the same, basic functionality of multiplexing or demultiplexing several optical wavelengths. However, several applications in the networks require slightly different specifications. The main applications are WDM point-to-point links, carrying a large amount of data. These components are mainly based on Thermal AWGs and Thin Film Filters (TFF) today.

The second application is ROADM systems, where optical wavelengths can be added or dropped at nodes in the network. In these, a mix of athermal and thermal AWGs are used, as well as TFFs. One of the main separating characteristics of the filters is the passband of the filter. TFFs are suitable for flattop filters but more expensive to manufacture. AWGs are very good on Gaussian filters and high channel counts, but the technology development still makes the TFF a better choice –although more expensive - for wide flattop requirements. When AWG performance matches TFFs, the TFF component will be extinct due to the higher manufacturing cost, particularly at the higher channel counts.

Ignis Photonyx has general availability of AWG chips intended for thermal packaging, as well as athermal modules for Gaussian filters. Athermal modules with flattop characteristics, is sampling to customers driving the development.

1.4.3 Foundry services (contract manufacturing) A few, selected customers of Ignis Photonyx needs a plc factory to manufacture their products and Ignis Photonyx manufactures to their designs. However, foundry service is not in the focus area for the company. There are only a handful of independent plc wafer factories in the world today, where Ignis Photonyx is one of the largest measured in terms of infrastructure capabilities for mass-manufacturing of plc optical chips. Ignis Photonyx facility is furthermore one of few PLC factories designed for PLC manufacturing purpose from the start.

Ignis Photonyx offers nanometre precision deep etching capabilities that are particularly interesting in special thermal control applications and for integration purposes. This proprietary technology has been developed and fine-tuned for more then 8 years and offers state of the art uniformity at wafer level.

The applications of the foundry customers are diverse. Some are optical switches, some are VOA’s and some are integrated chips with several optical functions. This is referred to as integrated optics, and is one of the future large opportunities of the plc technology.

An example of an integrated chip consists of switching, VOA and splitter functionality on one chip, making the heart of a ROADM device based on plc. With additional AWGs based on plc to make the multiplexing, de-multiplexing and dropping of wavelengths, the passive optics of the ROADM can all be manufactured in the wafer factory.

1.4.4 Competitive position and advantages The market Ignis addresses with its family of optical components is still in a early stage if its lifecycle and the products can be used in a verity of different configurations, therefore it is difficult to estimate the exact size of the market segments in which the Company operates.

There are 7 - 8 main suppliers in the overall market for optical telecom components. According to estimates from RHK Inc. these players control some 60 - 70% of the market, whereas the remaining 30 - 40% is divided between a number of smaller players. The three main suppliers in the optical components markets are JDS Uniphase, Bookham and Avanex, all positioned as modules and subsystem suppliers. Other significant players are DiCon, Fuijitsu, Hitachi Opnext, Oplink and Sumitomo Electric Lightwave.

The following sub-sections provide an overview of the Ignis’ main competitors within the two market segments, modules and foundry, in which the Company currently focus its operations.

Fiber-optic modules Splitters - In the segment of splitters Fi-ra-Photonics is one of the major suppliers to the Korean and Japanese markets together with Wooriro, Omron and PPI. Other main suppliers of splitters worldwide are Broway, ANDevices and NeoPhotonics.The product portfolio of these companies when it comes to splitters is very similar as these are mature and standardized products.

AWG - In the segment for AWGs (both thermal and athermal) modules the main players are JDS Uniphase, Bookham, Enablence and Avanex. These companies are also suppliers of subsystems. These players do not offer the Athermal modules that Ignis Photonyx can make. The only competitors identified for this product portfolio are Gemfire and Neo Photonics. AnDevices and several Chinese companies are trying to enter the athermal AWG market. As the customers of TFF are asking for cost improvements, the current suppliers of TFF’s are trying to obtain Athermal AWG technology.

PLC foundry In the market for Foundry (based on the PLC technology), Ignis Technology’s main competitors are AnDevices, NeoPhotonics, NEL, Gemfire.

The above listed companies all have in-house PLC manufacturing facilities, although some difference in technology and sub processes, and can therefore process commercial quantities. Other PLC competitors have to relate to one of the five main manufacturing facilities, of which Ignis Photonyx’ factory in Denmark is one.

Competitive advantages The main advantage of both Ignis Technology’s and Fi-ra’s products is the strong quality-to-cost offering. In addition, for the AWGs Ignis has high-volume capabilities of the state-of-the-art wafer factory in Denmark, which even more, constitutes an important cost advantage.

The products have several technical advantages:

Power splitters are low loss and high uniformity

AWGs are athermal, a uniqueness covered with own IP portfolio. Athermal AWGs are expected to grow dramatically when replacing thermals and TFFs

Scalability, which gives a cost advantage for multi-wavelength applications

High design-flexibility because of a low cost technology platform.

Manufacturable athermal AWG technology well suited for high volume manufacturing.

1.4.5

1.6.1

Research and development, patents and licenses Ignis’ core technology consists of advanced technology that relies on significant intangible assets. These are divided in patents, licences and technical know-how/trade secrets. Although protection and further development of the Company’s core technology is an important element of the Company’s strategy, as of the date of this Information Memorandum, the Company is not dependent on any particular research and development, or on particular patents or licences.

1.5 The Transaction’s significance for the earnings, assets and liabilities of Ignis Reported EBITDA for Datametrix was NOK 18.6 million in 2007, whereas the overall EBITDA was a negative NOK 39.9 million. In the first quarter of 2008, Datametrix generated a positive EBITDA of NOK 6.1 million, whereas the overall EBITDA was a negative NOK 4.5 million.

The divested entity accounted for NOK 205.7 million, or 54.7 percent, of total assets of NOK 375.9 million, and NOK 144.9 million, or 51.4 percent, of total liabilities of NOK 282.0 million at the end of the first quarter of 2008.

At a company level the divestment is being carried out by Smartnet, which realizes a divestment gain of NOK 132 million. For the Ignis group the net gain is NOK 106 million, due to dissolving goodwill and other fair values of assets in excess of book value identified in the cost allocation when acquiring Datametrix. As a result of the divestment of the Solution segment the Transaction leads to an impairment of a deferred tax assets by NOK 10 million.

The proceeds received by Ignis in connection with the Transaction will strengthen the Company’s financial position and free resources to focus even more on the further strengthening and development of Ignis Technology.

In the opinion of the Company, the remaining cash position after the Transaction and repayment of bank loans and bonds is sufficient to cover its working capital needs and capital expenditures for at least the next 12 months.

1.6 Board of directors, management and employees

The board of directors The table below sets forth the Company’s current board members, the board members holdings of shares (directly or indirectly) and options in the Company.

Name Position Share held Options held Henrik A. Christensen Chairman 0 0 Bjørn Broberg Boardmember 12 757 0 Morten Sundstø* Boardmember 200 000 0 Eva von Hirsch Boardmember 0 0 Cecilie S. Lind Boardmember 0 0 Ove Gusevik** Boardmember 1 387 900 0 Magdalena K. Gjefle Boardmember 0 0

*: The shares are owned by Anacott Steel AS which is owned 100% by Morten Sundstø

**: The shares are owned by Nordisk Industriutvikling AS which is owned 49% by Ove Gusevik

The composition of the board of directors complies with the independence requirements as set out in the Norwegian Code of Practice for Corporate Governance.

Henrik A. Christensen, chairman of the Board: Christensen holds a degree in Law from the University of Oslo 1989. Assistant Lawyer and Lawyer at Ro, Sommernes 1989-1994 and Partner from 1993. He was a Lawyer and Partner in Wiersholm from1994 to 2004, and from 2004 Lawyer and Partner in Ro, Sommersnes. Christensen holds board positions in Home Properties AB, Home Capital AB, Home Invest AS, Choice Hotels Scandinavia AS, SuperOffice AS, Norefjell Prosjektutvikling AS and Ferncliff AS.

Bjørn Broberg, board member: Broberg has long experience from development of photonics for the telecommunication industry. He is a serial entrepreneur and has held management positions in both research organisations, smaller companies as well as in a large multinational company. In 1997 he was the co-founder of the laser company Altitun AB. Altitun was in 2000 sold to ADC Telecommunications Inc. and Broberg then became director of engineering at ADC. In 2003, he co-founded the laser company Syntune AB. In addition, he works as an independent consultant, and he currently holds board positions in a number of smaller hi-tech companies. Broberg holds a PhD from the Royal Institute of Technology, Stockholm from 1986.

Morten Sundstø, board member: Sundstø has a M.Sc. degree in business from the Norwegian School of Management (BI) from 1994. He has extensive experience from the Norwegian capital market from the past 12 years working as a financial analyst, and 7 of these 12 years as Head of Research, latest at ABN Amro Alfred Berg. He has for the last three years worked as an independent industrial investor and holds a number of board positions.

Eva von Hirsch, board member: von Hirsch started in Telenor in 1998 as senior adviser to the group management. Since 2001 she has been in key management positions in several international telecom companies, among them Ghana Telecom. In Ghana Telecom von Hirsch is responsible for business plan implementation and organizational structure. Today Von Hirsch is a member of the board in several Norwegian and international companies, like Aker Drilling ASA, Telecom Management Partner AS, CellOne and RXT ASA. Eva von Hirsch has a PhD in social anthropology from the Durham University, England

Cecilie S. Lind, board member: Lind has been senior adviser in The Financial Supervisory Authority of Norway, she has held several executive positions in the financial group Nordea, she has been in charge of discretionary asset management in Orkla Finans, head of securities finance in Finansbanken, VP and head of securities trading in Citibank AS, as well as exchange and foreign exchange broker. Lind is a member of the board in Sundal Collier ASA, ABG Sundal Collier Norge ASA, Totalvekst AS, and A.Hiorth AS. She is a Certified European Financial Analyst and stock broker from the Norwegian School of Economics and Business Administration (NHH) and the former Bankinspeksjonen, now the Financial Supervisory Authority of Norway. Cecilie Lind holds a master in business and economics degree with major in finance from the University of Denver, USA.

Ove Gusevik, board member: Gusevik is an experienced investment banker and corporate finance adviser within international finance and has assisted several leading Nordic companies. Gusevik has been CEO of Alfred Berg ABN AMRO and a financial analyst and partner in First Securities. Ove Gusevik has a master in economic history from London School of Economics (LSE) and Political Science and MBA from Monterey, California, USA.

Magdalena K. Gjefle, board member: Gjefle has more than 10 years experience as investment banker in Chase Manhattan in London and DnBNor, First Securities and Pareto Securities in Oslo. In First and Pareto, Gjefle was partner and head of IT-services and software equity research. Today, she is director and head of business development in Coor Service Management AS. Magdalena Gjefle holds board positions in Norsk Kraft ASA, Nordisk Industriutvikling AS, Eiendomsmegler 1/Areal Eiendomsmegling AS and Mobile Media AS. She has an M.Sc in Finance from London School of Economics and a business degree from Gothenburg School of Economics.

1.6.2 The management The following table presents members of the Company’s management following completion of the Transaction, their positions and the number of shares and options that they hold (if any) in the company.

Name Position Share held Options held Thomas Ramm CEO 809 872 40 000 Lars Bakklund CFO 10 000 0 Geir Gjørva COO 94 000 13 333

Thomas Ramm, CEO Ignis ASA: Ramm is CEO of Ignis (formerly WiCom ASA). Prior to joining WiCom he was CEO of SMG, a computer distributor, and CEO and founder of Netup Consult AS, a system integrator based on IP telephony, Unified Messaging and Wireless solutions. Ramm worked from 1988 to 1994 in distribution in Micro Software AS (later Santech Micro Group ASA).

Geir Inge Gjørva, COO Ignis ASA: Gjørva worked from 1989 to 1999 in Micro Software AS (later Santech Micro Group ASA), the last two years as CFO. In 1999/2001 he established the companies Eurovironment AS and AB and subsidiaries, which handle EE, waste for the IT sector. In the same period, Gjørva has been CFO/founder (one of seven) of Crest Computer Group in Sweden, Norway and Denmark. Mr. Gjørva currently holds board positions in companies in Norway and Sweden. He has a business degree from the Norwegian School of Management (BI).

Lars Bakklund, CFO, Ignis ASA: Prior to joining Ignis in June 2007 he held the position as CFO of Idex ASA, a technology research and development company listed on the OTCs A-list in Norway. He was eight years at the International Operations of Findexa Group AS, the last five years as Financial Director. From 1994 to 1996 Mr. Bakklund served as Group Controller and Group Auditor in Adolf Würth GmbH. Mr. Bakklund holds a M.Sc in Economics and Business from the University of Mannheim, Germany.

1.6.3 Emloyees After completion of the Transaction the total number of personnel employed by Ignis will be 176, of which 63 will be employed by Ignis Photonyx in Denmark, Canada and China, 108 by Fira Photonics in South Korea and 5 in the parent company Ignis ASA in Norway. The level of education is high in the Danish and Canadian operation, which is geared towards R&D, engineering and manufacturing rather than assembly and packaging.