Destiny acquires Logitech's digital pen based on Anoto technology
Lund, 21st of December 2007 - Destiny has announced the purchase from Logitech
of Logitech's assets and intellectual property rights (IP) relating to
Logitech's io2 digital pen. The io2 is based on Anoto Group's technology and
intellectual property rights. It facilitates rapid data capture and transmission
from digital forms using either a Bluetooth or USB connection and incorporates a
barcode reading facility. Anoto's technology and intellectual property rights
will be licensed to Destiny.
Destiny will acquire Logitech's io's IP, trading name and software, as well as
dedicated tooling and stock. The strategic move will enable Destiny to build
further on their strong position in the B2B market for forms processing with
digital pen and paper technology.
Anoto will establish a master reseller agreement with Destiny which will enable
Anoto to secure the supply of the io2 pen to their other partners and their
customers worldwide. The io2 pen will be a part of Anoto's product range, which
also includes the Anoto branded pen and the Maxell pen.
Logitech has made tremendous strides in opening the market for digital pen and
paper solutions and we are excited that Destiny plans to carry the market
forward. We are convinced that Destiny, with its focus and commitment on
complete productivity solutions for the mobile workforce, will further
strengthen our ability to meet and support the growing demand for digital pen
and paper solutions worldwide”, says Anders Norling, CEO, Anoto Group.
Edward Belgeonne, CEO of Destiny said “Destiny is committed to the Anoto
technology and to building upon the Logitech digital writing solution for the
many organizations around the world who gain productivity and efficiency from
this technology. The Logitech io2 Digital Writing System has been a key
component in our innovative, cost-effective solutions for mobile workers in
healthcare, government agencies and many other organizations throughout the U.K.
and in parts of Europe, Africa and Australia”.
For more information:
Anders Norling, CEO
Anoto Group AB
+46 733 45 14 98
Anoto Group AB may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was submitted for
publication at 8:00 am on December 21, 2007.
Anoto Group AB
Anoto Group is the company behind and world leading in the unique technology for
digital pen and paper, which enables fast and reliable transmission of
handwritten text into a digital format. Anoto operates through a global partner
network that focuses on user-friendly forms solutions for efficient capture,
transmission and storage of data within different business segments, e.g.
healthcare, bank and finance, transport and logistics and education. The Anoto
Group has around 100 employees, offices in Lund (head office), Boston and Tokyo.
Among the major shareholders are Norden Technology A/S, Robur and SEB. The Anoto
share is traded on the Mid Cap list of the OMX Nordic Exchange in Stockholm
under the ticker ANOT. For more information: www.anoto.com.
Destiny
Destiny is the registered trademark for Destiny Plc. Destiny uses Anoto
Functionality™, and is a global partner and country agent of Anoto Group AB.
Destiny helps organisations with mobile workforces to transform their
operational efficiency and productivity, and advance their carbon-neutral
performance - without capital outlay or significant change to working practices.
Its solutions encompass digital pens, digitised forms, smart phones, other
compatible devices and web-based tools for the efficient collection and
management of data from the field, effective job push and allocation, resource
management, intelligent scheduling and asset tracking. For further information,
please visit: www.destinyplc.com.
