LUND, Sweden, Oct. 18, 2002 (PRIMEZONE) -- C Technologies AB has secured further orders for 740.000 ASIC chips (C Technologies' proprietary System-on-a-chip Argus) valued at around SEK 41 million.
Some 140.000 of these chips will be delivered in December this year, representing an order value in excess of SEK 8 million. This means that the total value of chips delivered this year amounts to approx. SEK 79 million.
Order value for the 600.000 chips to be delivered in January 2003 is slightly more than SEK 33 million. The company has thus in 2002 received orders for about 2 million chips at a total value of around SEK 112 million.
"The latest orders for 740.000 chips indicate strong market interest in our technology. We are selling our chips with a good margin, and in addition royalties will be generated at a later stage," said Christer Johansson, President, C Technologies AB.
Christer Fahraeus Christer Johansson Charlotte Laveson CEO CEO Director of PR Anoto Group AB C Technologies Anoto AB +46-733 45 12 05 +46 733 45 10 08 +46-733 47 86 20
Anoto Group AB (OTHER OTC:AOTOF) is a Swedish hi-tech company with unique solutions for transmission of handwritten text from paper to digital media, scanning of printed text and intelligent camera surveillance. All products are based on digital camera technology and image processing in real time. The Anoto Group today has three brand names: Anoto(R) - a comprehensive solution entailing paper, pen and server technologies, allowing us to connect all types of writing paper with the digital world, C-Pen(R) - a scanning pen that can store, interpret and transfer printed text, and WeSpot(TM) - a hardware and software platform for intelligent camera surveillance. The Anoto Group has around 300 employees, offices in Lund (head office), Stockholm, Boston, Tokyo and Hong Kong. Major shareholders are Ericsson, Capital Group and the founder Christer Fahraeus. The Anoto share is traded on the O-list, Attract 40 of Stockholmsborsen (Stockholm Stock Exchange) under the ticker ANOT. For more information: www.anotogroup.com
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