December 12, 2008 -- Anoto’s subsidiary for video technology and ASIC development, Logipard, has signed a new contract with a global manufacturer of mobile phone platforms.
The contract concerns development of IP blocks for mobile phones and is estimated to generate NRE revenues of approximately 7 MSEK during 2009, as well as future royalty. The royalty payments are estimated to start late 2010.
Anoto's ASIC (Argus) is used in camera products, and Anoto's Multistandard video codec IP blocks have been used previously in a number of mobile phone platforms.
” This is a substantial contract for our subsidiary and a proof of our unique competence within video technology,” says Anders Norling, CEO at Anoto Group AB.
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 08.30 on December 2nd, 2008.
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 115 employees, offices in Lund (head office), Boston and Tokyo. The Anoto share is traded on the Small Cap list of the OMX Nordic Exchange in Stockholm under the ticker ANOT. For more information: www.anoto.com