Anoto Group AB's Subsidiary Signs New Video Technology Contract
Anoto's subsidiary for video technology and ASIC development has signed a new
contract with a global manufacturer of mobile phone platforms. The contract is
estimated to generate NRE revenues of approximately 8 MSEK, the mere part during
2007. Anoto has signed similar contracts with the same manufacturer earlier.
The company's ASIC (Argus) is used in camera products and the company's IP
blocks for video technology are already included in a number of mobile phone
platforms.
”This is the first contract for our new subsidiary and we are very pleased with
the positive development. The fact that we already now can announce a big order
like this further strengthens our belief that our decision to move the video
technology to a separate subsidiary was a good one,” says Anders Norling, CEO at
Anoto Group AB.
For more information:
Anders Norling, CEO
Anoto Group AB
+46 733 45 14 98
Anoto Group AB
is the inventor of and world leader in the Digital Pen and Paper technology
allowing quick and reliable transmission of handwritten text from paper to
digital media. Anoto works with a global network of partners focusing on
user-friendly forms solutions for efficient capture, transmission and storing of
data for a variety of business segments including healthcare, banking and
finance, transportation and logistics, government and education. The Anoto Group
has around 90 employees, offices in Lund (head office), Boston and Tokyo. Major
shareholders are Norden Technology A/S, Logitech International S/A, Robur and
DNB. The Anoto share is traded on the Nordic Mid Cap list of the Stockholm Stock
Exchange under the ticker ANOT. For more information: www.anoto.com
