21.12.2007 07:18:00
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Anoto Group: Destiny Acquires Logitech's Digital Pen Based on Anoto Technology
Destiny has announced the purchase from Logitech of Logitech's assets and intellectual property rights (IP) relating to Logitech's io2 digital pen. The io2 is based on Anoto Group's (STO:ANOT) technology and intellectual property rights. It facilitates rapid data capture and transmission from digital forms using either a Bluetooth or USB connection and incorporates a barcode reading facility. Anoto's technology and intellectual property rights will be licensed to Destiny.
Destiny will acquire Logitech's io's IP, trading name and software, as well as dedicated tooling and stock. The strategic move will enable Destiny to build further on their strong position in the B2B market for forms processing with digital pen and paper technology.
Anoto will establish a master reseller agreement with Destiny which will enable Anoto to secure the supply of the io2 pen to their other partners and their customers worldwide. The io2 pen will be a part of Anoto's product range, which also includes the Anoto branded pen and the Maxell pen.
Logitech has made tremendous strides in opening the market for digital pen and paper solutions and we are excited that Destiny plans to carry the market forward. We are convinced that Destiny, with its focus and commitment on complete productivity solutions for the mobile workforce, will further strengthen our ability to meet and support the growing demand for digital pen and paper solutions worldwide," says Anders Norling, CEO, Anoto Group.
Edward Belgeonne, CEO of Destiny said "Destiny is committed to the Anoto technology and to building upon the Logitech digital writing solution for the many organizations around the world who gain productivity and efficiency from this technology. The Logitech io2 Digital Writing System has been a key component in our innovative, cost-effective solutions for mobile workers in healthcare, government agencies and many other organizations throughout the U.K. and in parts of Europe, Africa and Australia."
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 100 employees, offices in Lund (head office), Boston and Tokyo. Among the major shareholders are Norden Technology A/S, Robur and SEB. The Anoto share is traded on the Mid Cap list of the OMX Nordic Exchange in Stockholm under the ticker ANOT. For more information: www.anoto.com.
Destiny
Destiny is the registered trademark for Destiny Plc. Destiny uses Anoto Functionality(TM), and is a global partner and country agent of Anoto Group AB. Destiny helps organisations with mobile workforces to transform their operational efficiency and productivity, and advance their carbon-neutral performance - without capital outlay or significant change to working practices. Its solutions encompass digital pens, digitised forms, smart phones, other compatible devices and web-based tools for the efficient collection and management of data from the field, effective job push and allocation, resource management, intelligent scheduling and asset tracking. For further information, please visit: www.destinyplc.com.
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 8:00 am on December 21, 2007.
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