Re Contract

RNS Number:6874W
Innovision Research&Technology PLC
16 May 2007


                       Innovision Research & Technology Plc
                        ("Innovision" or the "Company")


                 Long Term Framework Agreement and First Design


Following the initial collaboration announced on 29 March 2007, the Company is
pleased to confirm that it has now entered into a long-term framework agreement
with the same leading international semiconductor company. This exciting
development represents a further endorsement of Innovision's leading-edge IP and
technology platform for the emerging Near Field Communications ("NFC") market.


The agreement relates to the design of a series of Integrated Circuits in the
NFC market over the next three years with a guaranteed minimum level of business
amounting to several million pounds.


In addition, the Company is delighted to announce that the initial project
meeting for the first IC design to be undertaken within this framework has taken
place and development work will start immediately. This initial design is by
itself anticipated to attract license fees, development funding and royalties
based on product shipments over the next few years in excess of a million 
pounds.


Enquiries

Innovision Research & Technology plc                        01285 888200
David Wollen, Chief Executive Officer
Brian McKenzie, Finance Director

KBC Peel Hunt Ltd                                           0207 418 8900
David Anderson


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            The company news service from the London Stock Exchange

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