INN Innovision Res.

 

TIDMINN 
 
RNS Number : 4224R 
Innovision Research&Technology PLC 
30 April 2009 
 
Innovision Research & Technology plc 
(the "Company" or "Innovision R&T") 
 
 
Major NFC Contract 
 
 
The Company is pleased to announce that it has signed a significant new contract 
with another global leading semiconductor corporation for the use of its NFC IP 
(Intellectual Property) in their range of chips targeted at mobile handsets. 
There will be licence and development services revenue in excess of $1 million 
in this financial year with further development, licence and royalty flows 
anticipated in the following years. The Board of Innovision R&T expects this 
contract to generate direct revenues in excess of $10 million over several years 
from a combination of licence, development and royalty income. 
 
 
David Wollen, Chief Executive Officer, said: 
 
 
"Winning the third major licence and royalty deal for our NFC IP this calendar 
year should secure our IP into a significant proportion of the NFC handsets in 
years to come.  Not only does this give us a strong royalty stream based on 
expected handset shipments but it also provides a foundation on which to build 
our tags and peripherals business for applications that will interact with the 
phones using NFC. 
 
 
We are encouraged by Nokia's announcement last week of the 6216 handset with an 
embedded NFC that communicates with NFC applications stored on the SIM which 
could be a key trigger for the expansion of NFC services from network operators. 
Consumers can keep their credit card details and contactless ticketing and 
payment applications on the SIM for easy portability between NFC devices and 
network operators can manage the NFC services." 
 
 
Further information is available from: 
http://www.nokia.com/A4136001?newsid=1307541 
 
 
 
 
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 
 
 CNTUKSBRKKRSUAR 
 

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