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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Innovision Res. | LSE:INN | London | Ordinary Share | GB0030308448 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMINN RNS Number : 0481N Innovision Research&Technology PLC 10 February 2009 Innovision Research & Technology plc (the "Company" or "Innovision R&T") New Contract Further to the Company's announcement on 27 January 2009, the Company is pleased to announce that it has signed a significant new contract with a leading global semiconductor corporation for the use of its IP (Intellectual Property) for their system devices. While there is clearly a value from this business in the short-term, the major benefits are anticipated in the longer-term. The Board of Innovision R&T expects the 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 a major contract such as this, especially in the current depressed marketplace, against very strong competition and after intense scrutiny and evaluation of our capability represents a major achievement. Apart from the direct economic value it is also a great endorsement of our IP and, just as importantly, a major statement of confidence in our growing capabilities in RF and NFC moving forward. "In parallel to the ongoing progress with our core IP, we have taken several steps forward in developing our RFID/NFC tags business in consumer and transport ticketing applications. Although individually small, recent design wins such as NFC tags in photoframes and in transport with mobile operators are building up a baseline business in tags." Further information on the recent tag sales is available from: 1. http://www.nfc.at/ 2. http://www.nearfieldcommunicationsworld.com/2008/11/27/3291/parrot-builds-innov sion-tags-into-easy-to-use-digital-photo-frames/ 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 Oliver Scott David Anderson This information is provided by RNS The company news service from the London Stock Exchange END CNTTLMLTMMTMBBL
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