MEMSCAP
Consolidated Balance Sheets
(in thousands of euros)

	June 30, 2001 €	December 31, 2000 €
Assets Fixed Assets
Intangible fixed assets............................................	232	162
Property, plant and equipment...............................	3,742 3,974	852 1,020
Current Assets
Inventories.............................................................	129	6
Customer and associates accounts.........................	5,224	872
Other accounts receivable and associates accounts	3,082	674
Cash equivalents ..................................................	80,733	16
Cash......................................................................	2,767 91,935	9,639 11,207
Total Assets	95,909	12,227
Liabilities and Shareholders' Equity Shareholders' Equity
Capital...................................................................	2,690	2,048
Additional paid-in capital......................................	93,676	11,014
Reserves and consolidated statements..................	(2,418)	(2,714)
Cumulative translation adjustment........................	(333) 93,615	11 10,359
Liabilities
Borrowings and financial liabilities.......................	213	213
Accounts payable..................................................	884	187
Other liabilities and associates accounts...............	1,197 2,294	1,468 1,868
Total Liabilities and Shareholders' Equity	95,909	12,227

 

MEMSCAP
Consolidated Statements of Operations
(in thousands of euros)

	Half period ending June 30		Year ending December 31
	2001	2000	2000
	€	€	€
Revenues........................................................	6,061	1,164	3,057
Sales cost.......................................................	(154)	(71)	(268)
Profit Margin.............................................	5,907	1,093	2,789
Operating expenses :
Research and development expenses............	(2,466)	(1,236)	(2,761)
Selling and marketing expenses ...................	(3,107)	(799)	(2,592)
General and administrative expenses............	(1,369)	(111)	(924)
Total operating expenses.........................	(6,942)	(2,146)	(6,277)
Operational result..............................	(1,035)	(1,053)	(3,488)
Interest expenses..........................................	(114)	(13)	(9)
Interest income ............................................	1,366	512	363
Foreign exchange gain (loss) ......................	140	0	501
Net income (loss) before income tax benefit	357	(554)	(2,633)
Corporation tax............................................		-	12
Net income (loss)....................................	357	(554)	(2,621)
Net earning (loss) per share..........................	0.007	(0.02)	(0.07)
Number of shares ........................................	53,813,511	33,895,593	37,422,345
Net diluted earning (loss) per share..............	0.006	(0.02)	(0.07)
Number of shares fully diluted .....................	59,567,511	33,895,593	37,422,345

 

MEMSCAP
Consolidated Cash Flows
(in thousands of euros)

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	Half period ending June 30, 2001 €	Year ending December 31, 2000 €
Cash flows from operating activities :
Net income (loss)....................................................	357	(2,621)
Suppression of non monetary elements :
Amortization and depreciation..........................	362	298
Cash increase (decrease) on:
Accounts receivable.....................................	(4,367)	(172)
Inventories ..................................................	(124)	15
Other accounts receivable, prepayments and            accrued income	(2,075)	(609)
Accounts payable .......................................	748	14
Accrued expenses and other debts..............	(270)	1,182
Cash flows from operating activities.......	(5,370)	(1,893)
Cash flows from investment activities :
Property, plant and equipment acquisition .............	(3,344)	(819)
Intangible fixed assets acquisition...........................	(209)	(282)
Cash flows from investment activities.......	(3,553)	(1,101)
Cash flows from financing activities :
New loans................................................................	-	-
Additional paid-in capital........................................	83,240	11,212
Cash flows from financing activities.........	83,240	11,212
Effect of exchange rate on C & C Equival...............	(472)	51
Variation of C & C equival......................................	73,845	8,269
C & C equival. Beginning of period........................	9,655	1,386
C & C equival. End of period..................................	83,500	9,655

Grenoble, France and Durham, North Carolina, September 28, 2006 –
MEMSCAP (Euronext:
MEMS), the leading provider of innovative solutions based on MEMS (micro-electro-mechanical systems)
technology, today announces that it will attend the 6th edition of the 2006 « Midcap Events » 2006 that will
be held at Palais Brongniart in Paris, on September 28 and 29.
For this financial event dedicated to meetings between European institutional investors and French, Belgian,
Dutch, and Portuguese small and midcap companies listed on the Euronext market, 350 institutional investors
are awaited as well as 10 major brokers, Arkeon Finance which will host MEMSCAP, Avenir Finance,
Euroland Finance, Gilbert Dupont, ING, Millennium BCPI, Natexis Bleichroeder, Oddo Midcaps,
Portzamparc Société de Bourse , and SNS Securities.
Listed since 2001 and belonging to the Next Economy segment, MEMSCAP (ISIN code: FR0010298620-
MEMS) is the first MEMS company in the world to be listed on a stock market. With a unique expertise, a
vast technology portfolio, and leading edge products for a wide variety of applications and markets, the
MEMSCAP Group, that has just realised a reverse stock split and the listing of these new shares under the
ticker symbol MEMS, has recently announced the strongest semester of growth in its history with a 77%
compared revenue growth increase, a total annulment of the Group financial liabilities after the sale of the
Bernin industrial site to SOITEC (Euronext SOI) , a net cash situation over 10 million euros, as well as a per
head productivity doubled over a year.

Israel  R&D fund GalayOr  MEMSCAP bird