Joint Marketing & Licence Agreement


 

TIDMINN 
 
RNS Number : 7974Q 
Innovision Research&Technology PLC 
20 April 2009 
 
Innovision Research & Technology plc 
(the "Company" or "Innovision") 
 
 
Joint Marketing and Licence Agreement 
 
 
The Company is pleased to announce that it has signed an agreement with a major 
European  semiconductor company to market Innovision's NFC Intellectual Property 
("IP") in combination with their products and IP for use by third party 
customers.  In conjunction with the successful marketing, they will licence 
Innovision's GEMTM  NFC Technology. 
 
 
This agreement replaces a previous framework agreement between the two companies 
relating to the provision of development services by Innovision.  As referred to 
in the interim results released on 19 December 2008, the customer's business 
experienced business changes which removed the requirement for the projects 
anticipated under the previous framework agreement and this has continued to 
significantly impact Innovision's revenues for the full year. 
 
 
David Wollen, Chief Executive Officer, said: 
 
 
"We are excited by the prospects this agreement will open up to Innovision. 
When we announce the joint marketing to the trade, the endorsement of our IP 
from one of the founders of NFC and the opportunity to offer a combined solution 
of hardware, software and other products will give both companies a great market 
offering" 
 
 
 
 
Enquiries: 
 
 
Innovision Research & Technology Plc     Tel: 01285 888 200 
David Wollen, Chief Executive 
Brian McKenzie, Finance Director 
 
 
KBC Peel Hunt Ltd (Nominated Adviser and Broker) Tel: 020 7418 8900 
Jonathan Marren 
David Anderson 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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