Anoto Group AB sells its subsidiary for video technology, Logipard AB
Lund, December 16th, 2008 â Anoto today announces that it has sold its subsidiary for video technology, Logipard AB, to one of the worlds leading technology companies.
According to the contract, Anoto is transferring most of its Imaging Technology business, including customer contracts and Anotoâs shareholding of 80% in Logipard to a leading player in the semiconductor industry. Anoto is retaining ASIC sales, which corresponds to approximately 40% of this yearâs volume within the application area for Imaging Technology. The value of the contract is 76 MSEK of which 68 MSEK has been paid upon signing. The rest will be paid during the summer of 2010.
âWe are thrilled to see that a major technology company wants to further develop our unique competence in video technology. We made the initial decision to move our video technology to a separate subsidiary based on the fact that we saw a great potential in this non-core business and realized that we needed to put more focus on developing and selling these products. The decision to now sell the operations is a logical next step in this process. We are convinced that the new owner will support and develop this technology even furtherâ, 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 17.20 p.m. on December 16th, 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
Related Semiconductor IP
- ONFI/Toggle IP
- 8 - 24MHz Xtal Oscillator on TSMC 22nm
- 32kHz Xtal Oscillator on TSMC 22nm
- 1.056GHz SSCG PLL on TSMC 40nm
- 1.25GHz Multiplying PLL on TSMC 40nm
Related News
- Microchip Expands PolarFire® FPGA Smart Embedded Video Ecosystem with New SDI IP Cores and Quad CoaXPress™ Bridge Kit
- Anoto Group AB's subsidiary, Logipard, signs another contract for video technology
- Magewell Selects Lattice Semiconductor ECP FPGA Family For Video Capture Devices
- "Video For Machines" Using MPEG's New CDVA Standard, On Gyrfalcon's Industry Leading Chips
Latest News
- OpenTitan project kicks off the Peppermint integrated root-of-trust for area-constrained SoCs
- SiFive Paves the Path to Accelerated Adoption of RISC-V in the Datacenter with the BigSky Development Server
- Perceptia Releases Design Kit for pPLL03 on Samsung Foundry 14LPU Platform
- Brite Semiconductor Releases 28nm High-Performance SAR ADC IP, Driving Upgrades for High-Speed Signal Chain Applications
- Synopsys Updates CXL IP Portfolio for AI-Era Infrastructure