Contract Extension

 

TIDMINN 
 
RNS Number : 1538Q 
Innovision Research&Technology PLC 
06 April 2009 
 
 
 
Innovision Research & Technology Plc ("Innovision" or the "Company") 
 
 
Major Contract Extension 
 
 
Innovision Research & Technology plc is pleased to announce that it has signed a 
significant contract extension with a market leading European wireless 
communications company for the inclusion of our next generation Near Field 
Communication ("NFC") intellectual property in their Integrated Circuits (IC) 
targeted at the mobile handset and consumer device markets. 
 
 
This contract extension comprises additional development funding of 
approximately $1 million and royalties expected to be worth several million 
dollars to the Company over several years. 
 
 
David Wollen, Chief Executive Officer, said: 
 
 
"This additional commitment to a new generation of our IP is a further 
endorsement of Innovision and the NFC market in an environment where consumer 
demand is generally depressed.   It is also indicative of the true partnership 
we have with our customer base in the RF field and gives a clear message about 
the strong competitive positioning of our IP in this emerging NFC market." 
 
 
 
 
Enquiries: 
 
 
Innovision Research & Technology Plc                   Tel: [phone] 
David Wollen, Chief Executive 
Brian McKenzie, Finance Director 
 
 
KBC Peel Hunt Ltd (Nominated Adviser and Broker)    Tel: [phone] 
David Anderson 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CNTFGGGDVFZGLZM