COPENHAGEN, Denmark, Nov. 23, 2001 (PRIMEZONE) -- Olicom A/S (OTCBB:OLCMF) ("Olicom" or "the Company") today announced that it has invested in the Swedish based software company Decuma AB. Total funding of SEK 16 million ($ 1.5 million) has been provided in syndication with Volito Innovation AB and Decuma's current investor Visionalis AB. As lead investor, Olicom has committed DKK 8 million ($ 1 million) and will hold 12.6% of the shares in Decuma.
Decuma develops and markets handwriting recognition software for handheld devices like mobile phones, PDAs, PC Tablets and Digital Pens. Decuma's first customers are Japanese PDA manufacturer Casio and the Swedish Digital Pen manufacturer Anoto. Decuma's patented Geometrical Invariant Technology (GIT) ads several advantages compared to traditional methods for handwriting recognition, including higher precision in recognizing characters and recognition of rotated, angled and shaky writing.
Decuma has developed versions for Latin, Chinese and Japanese characters. The maximum memory requirement for each of the versions is only 200 kB, which makes the software very suitable for handheld devices with limited memory like mobile phones and PDAs.
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