30 March, 2010
Stockholm, Sweden - Net Insight to reorganize its IPR portfolio.
In order to strengthen the focus and management of Net Insight's Intellectual
Property Rights (IPR),
Net Insight has concluded a transaction whereby the IPR has been moved to a new
wholly owned subsidiary within the Net Insight Group. While realizing the
transaction, approximately SEK 700 million out of SEK 950 million of tax losses
carried forward are utilized. At the same time there is an immediate positive
cash and result effect of around SEK 60 million.
"We conclude this transaction to focus the management and development of our
IPR," says Fredrik Trägårdh, CEO of Net Insight. "With the consolidation and
transfer of our IPR assets to a limited liability company, future value creation
activities around the IPR will be facilitated
For more information, please contact:
Fredrik Trägårdh, CEO of Net Insight AB, +46 8 685 04 69,
fredrik.tragardh@netinsight.net <mailto:fredrik.tragardh@netinsight.net>
Thomas Bergström, CFO of Net Insight AB, +46 8 685 06 05,
thomas.bergstrom@netinsight.net <mailto:thomas.bergstrom@netinsight.net>
About Net Insight
Net Insight delivers the world´s most efficient and scalable transport solution
for Broadcast and IP Media, Digital Terrestrial TV, Mobile TV and IPTV/CATV
networks.
Net Insight products truly deliver 100 percent Quality of Service with three
times improvement in utilization of bandwidth for a converged transport
infrastructure. Net Insight's Nimbra(TM) platform is the industry solution for
video, voice and data, reducing operational costs by 50 percent and enhancing
competitiveness in delivery of existing and new media services.
World class customers run mission critical video services over Net Insight
products for more than 100 million people in more than 35 countries. Net Insight
is quoted on the Stockholm Stock Exchange.
For more information, please visitwww.netinsight.net
<http://www.netinsight.net/>
[HUG#1399021]
