Anoto enters into a 120,000 pen deal in China
11-08-16 kl. 11/8 2016 06:00 | Anoto Group 0,43 (+4,88%)
Lund, August 11, 2016 – Anoto entered today into a contract to sell 120,000
pens to Tstudy China for the education market. The purchase will be divided
into five Purchase Orders starting from August 2016 through May 2017 for
20,000~30,000 pen each. In return, Anoto entered into a one year exclusivity
for digital pens applications in the People's Republic of China market. This
exclusivity does NOT include Screen applications or screen pens, collaboration
software, Business Solutions, We Inspire, new businesses from Digiwork related
businesses or existing relationships by Anoto or its affiliates.
"Tstudy China is a major player in the Chinese education market using digital
pens and with the emphasis on the Chinese government to mandate primary schools
to practice penmanship and writing of Chinese characters, Tstudy China is well
positioned to expand the market of our digital pens," said Joonhee Won, CEO of
Anoto.
For further information, please contact:
Joonhee Won, CEO
For more information about Anoto, please visit www.anoto.comor email
[email protected]
Anoto Group AB (publ)Reg.No. 556532-3929,
Mobilvägen 10, SE- 223 62 Lund
Tel. +46 46 540 12 00
This information is information that Anoto Group AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out above, at 08:00
a.m. CET on 11 August 2016.
About Anoto
Anoto is a global leader in digital writing and drawing solutions. Its
technology enables high-precision pen input on nearly any surface. Anoto is
present around the world through a global network of strategic licensing
partners that deliver user-friendly writing and drawing solutions for effective
collection, transfer and storage of data. Anoto is traded on the Small Cap list
of Nasdaq Stockholm under ANOT.
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