Lund, April 21, 2011 – Anoto’s partner TStudy has entered the Chinese market by signing a tree-year contract for distribution of its interactive applications Symphony, TNote and DOTnote. The applications are based on Anoto digital pen technology and will be used for classroom teaching and distance education in the People’s Republic of China.
-Having secured a foothold in our home market, South Korea, TStudy is now aggressively expanding to other markets. Asia is a largely untapped market for Anoto where we see vast opportunities for the use of Anoto technology, says Andrew Hur, SVP TStudy.
-This is a breakthrough for Anoto’s products in China, and I am very pleased that there is such an interest in China for TStudy’s applications, where Anoto’s products are an integrated part, says Torgny Hellström, CEO Anoto. The value for Anoto is difficult to assess, since the structure may vary over time and it is not yet determined if and what pens Anoto shall deliver. However, revenue to Anoto is likely to amount to at least 2 MUSD in royalties and components over the next three years, Hellström continues.
For more information:
Torgny Hellström, CEO
Anoto Group AB
+46 46 540 13 00
For more information:
Andrew Hur, SVP
TStudy
+82 10 9207 3867
About TStudy
TStudy is an integrated education technology company. In addition to various online education software platforms, TStudy’s products incorporate Anoto’s digital pen and dot pattern technology to turn traditional one-way lecture based learning environments into truly interactive learning environments. TStudy’s products are currently sold in Asia, Europe and the US both in public and private schools. For more information visit www.tstudycorp.com or call +82-2-6206-4294.
About Anoto Group:
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 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 80 employees, offices in Lund (head office), Boston and Tokyo. The Anoto share is traded on the Small Cap list of OMX Nordic Exchange in Stockholm under the ticker ANOT. For more information: www.anoto.com.
