LUND, Sweden, Oct. 6, 2003 (PRIMEZONE) -- Anoto (Other OTC:AOTOF): Destiny Wireless plc, a provider of wireless communications solutions, is appointed The Service Provider and The Main Distributor of the Anoto product portfolio in the U.K., Australian and South African B2B markets.
Destiny Wireless will bring solutions to B2B customers and Anoto development tools and enabling products to other Anoto partners in these territories. Anoto will in the first year receive payment on Anoto functionality usage fees, products and consultancy fees totaling a minimum of SEK 6,5 million (EUR 725.000). In exchange for granting the rights for the territories for an initial 3 years, Anoto will be offered a 5 per cent stake in Destiny Wireless.
"We believe Destiny Wireless will be an excellent partner taking our own and our partners' products and technologies into applications saving time and money for paper forms processes, particularly in the business area. It is a good example of an arrangement where companies with strong local presence will drive Anoto functionality on their markets and Anoto will attempt to achieve similar set-ups in other world markets," said Orjan Johansson, CEO, Anoto Group AB.
"Any technology is only as good as the benefit that it provides. Our customers have experienced that using digital pen technology can lead to significant improvements in service levels and business performance. It requires little change to a company's existing procedures and data recording processes, is easily understood by users, requires little additional training and removes the need for labour intensive and time- consuming manual data inputting", said Edward Belgeonne, CEO, Destiny Wireless plc. "With such obvious benefits, we see this market as having huge potential as more and more organisations incorporate the use of the digital pen as a way of streamlining businesses processes - in one of the most simple ways possible -- through the written word."
For further information: Orjan Johansson Edward Belgeonne CEO CEO Anoto Group AB Destiny Wireless plc T : +46 733 45 12 08 T: + 44 (0) 1483 688450 E: charlotte.laveson@anoto.com E: edward.belgeonne@destinywireless.co.uk
About Destiny Wireless
Destiny Wireless is a communications solutions provider dedicated to the provision of data capture and productivity improvement solutions. The company is focused on the B2B market place. Destiny Wireless will also supply related hardware and assume responsibility for the transmission of the data to any number of specified locations, applications, software or web-based systems. Destiny Wireless provides digital pen technology and services based on technology developed by Anoto Group AB of Sweden. Headquartered in London, England, the Company was founded by leading entrepreneurs from the telecoms sector. Strategic partners include Hutchison 3 UK & Australia, Vodafone and Anoto Group AB. For more information www.destinywireless.co.uk.
Anoto Group AB
is a Swedish high 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 180 employees, offices in Lund (head office), Stockholm, Boston, Tokyo and Hong Kong. Major shareholders are Ericsson, Logitech International S/A and Capital Group. 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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