2/2/2015 1

BIMobject inc. start up operations and subsidiary in USA

Swedish IT startup BIMobject AB today announce that they are starting up operations in the United States. BIMobject inc. will be a 100% owned subsidiary to the publicly listed BIMobject AB at Nasdaq OMX First North. BIMobject inc. will be a Californian Corporation and based in Silicon Valley. The US construction industry are now beginning to see the light and a recovery since the 2008 downturn is well under way.

BIMobject is available today in many major European countries with its own subsidiaries or with business partners. The opinion from the board is that BIMobject have quickly taken a leading position in the development, maintenance and smart cloud solutions that provide architects, engineers and designers access to manufacturers' products as digital objects. Due to the success in Europe and the investment from Hexagon the establishment of the United States has come earlier than planned.

"We have been studying the American market for some time and we know exactly what the competitors are capable of. We have so much more to offer and we are confident that this is the time to expand to the United States," says CEO Stefan Larsson

The United States was an early adopter in web portals where you could download digital objects, mainly CAD files and in later years, BIM objects. The board recognizes that none of the established suppliers have kept up with the incredibly rapid development of the Internet and above all not understanding web 2.0. Our solution is the most advanced and up to date in the world, bringing real value to the business with Apps for both the user and the manufacturer, increasing communication and delivering know-how into the projects.

According to the board, The BIMobject Cloud is unique with its modern platform, ability to handle any standards and file format, version control, maintenance of attributes, registered users with a variety of roles and for the manufacturers an analysis and sales tool that generates real business in real time.

BIMobject inc. will be managed by Alan Akman, the founder of CAiCE and a former executive of Autodesk inc., USA. BIMobject Inc. will recruit staff in sales and project management and will have its US headquarters at One Market Street in San Fransisco, in the same building as Autodesk and salesforce.

"The US market is ready for our cloud solutions, I am certain this will quickly generate business for future partners and ourselves. It is also important for development and strategic partners to be in Silicon Valley strengthening our relationship with companies such as Intergraph, Google, Autodesk, Salesforce and others," says Stefan Larsson, CEO and Founder of BIMobject AB.

About BIMobject®:

BIMobject® is a game changer for the construction industry worldwide with its cloud based Portal offering development, maintenance and syndication of digital replicas - BIM objects - of manufactured building and interior products.

The marketing and pre-sales services associated with the Portal are channelled and integrated, through specialised software, into CAD/BIM applications to create a business-to-business communication across the globe.

Manufacturers use BIMobject® to promote and deliver their products directly into BIM processes enabling their products to be selected and generate a real improvement in sales. http://bimobject.com/

BIMobject® - Winner for the Red Herring Europe Top 100 Award 2013, Winner for the 2013 Red Herring 100 Global Award and Winner of the IAIR EUROPEAN AWARDS 2013!

BIMobject AB - a public company listed on NASDAQ OMX First North: Share Ticker: BIM

Sedermera Fondkommission är bolagets Certified Adviser

This is an English version of a press release communicated by BIMobject®. In any case of doubt or possible differences regarding the different versions it is the Swedish version that shall apply.

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