latest news releases from the newsroom
Precise Biometrics AB
Precise Biometrics Carries Out a New Issue of Shares with Preferential Rights for the Shareholders
LUND, Sweden, Oct. 30, 2002 (PRIMEZONE) -- The board of directors of Precise Biometrics AB (publ) (Other OTC:PBMTF) (Stockholm:PRECa), has on October 29, 2002 adopted a resolution on a new issue of shares with preferential rights for the shareholders of the company, in accordance with the authorization granted to the board by the annual shareholders' meeting on April 16, 2002. The company will, provided that the issue will be subscribed in full, be provided with capital in an amount of approximately SEK 31.7 million, before costs related to the issue. The terms of the issue are 2:1, to the issue price of SEK 4 per share. Approximately 45 per cent, 1 of the amount of the issue, is deemed to be guaranteed based on that a number of major shareholders, the majority of the board members and the management of the company, have each declared their intentions to subscribe for shares corresponding to at least their respective portions of the issue.
Identix Acquires CAS Software Suite; Keyware Technologies to Become European Reseller for Identix Products
ANDERLECHT, Belgium, Oct. 30, 2002 (PRIMEZONE) -- Keyware Technologies NV (Other OTC:KEYWF), today announced that Identix Incorporated (Nasdaq:IDNX), the world's leading multi-biometric security technology company, has purchased Keyware's Common Authentication Security (CAS(tm)) software suite, obtaining exclusive ownership of the source code and core technology underlying CAS. CAS is an important component that will add to an overall identity management system that allows for the central management of the authentication process on a secure user basis. Financial terms of the transaction were not disclosed.
Anoto Group's New Share Issue Fully Subscribed
LUND, Sweden, Oct. 30, 2002 (PRIMEZONE) -- In September and October Anoto Group AB (Other OTC:AOTOF) (Stockholm:ANOT) implemented a new share issue with preferential rights for Anoto Group shareholders raising SEK 207 million. The new issue has been met with keen interest and is fully subscribed.
Optillion Banks Series C Investment of $15 Million -- Crescendo Ventures, Cisco Systems, Investor AB and ITACT Lead the Round
STOCKHOLM, Sweden, Oct. 30, 2002 (PRIMEZONE) -- Optillion, a leader in fiber optic transceiver technology, announced today that it has concluded its Series C financing round, raising an additional $15 million. Led by Crescendo Ventures, Cisco Systems, ITACT, and Investor AB via Investor Growth Capital, its venture capital company, the latest round brings the total venture financing raised by Optillion to $70 million during the past two years. All four investors participated in Series B, and ITACT, a Swedish venture capital firm, provided Optillion's seed funding.
Scania and Yanmar in International Cooperation
SODERTALJE, Sweden, Oct. 30, 2002 (PRIMEZONE) -- Scania Industrial & Marine Engines and Yanmar Co. Ltd. have signed an agreement which gives Yanmar the right to sell and market Scania (NYSE:SCVa) (NYSE:SCVb) marine engines to the pleasure boat market all over the world.
Swedish Defense Orders High-Speed Encryption for International Application from Sectra
LINKOPING, Sweden, Oct. 30, 2002 (PRIMEZONE) -- The Swedish Defense has placed an initial order with Sectra (Other OTC:SSBBF) (Stockholm:SECTb) for a new version of high-speed encryption designed for international use. The Swedish Defense also ordered upgrading and supplementing of its existing range of equipment for high-speed encryption from Sectra. The total order value amounts to slightly more than SEK 9 million.