Re Contract

 

TIDMINN 
 
RNS Number : 0610N 
Innovision Research&Technology PLC 
04 June 2010 
 
                      Innovision Research & Technology plc 
                      (the "Company" or "Innovision R&T") 
 
                              Major NFC IP Contract 
 
The Company is pleased to announce that it has signed its second significant new 
contract for its GEMTM NFC Intellectual Property this fiscal year.  The contract 
is with another major global semiconductor corporation and relates to chips 
targeted at high volume markets for mobile handsets and other consumer 
electronic products incorporating wireless communications. 
 
This contract is particularly significant as it is the first where the end 
customer will licence and take delivery of the IP and then customise it to their 
requirements utilising their own engineering teams.  There will be licence and 
some small services revenue in excess of $2 million in this financial year with 
further royalty flows anticipated in the following years. It is expected this 
contract will generate direct revenues in excess of $6 million over several 
years, mostly from a combination of licence and royalty income. 
 
David Wollen, Chief Executive Officer, said: 
 
"This is an important milestone for the Company as we further proliferate 
adoption of our IP into very high volume markets with major global players, 
while at the same time minimising the need to add large engineering teams for 
customisation as we have been doing to date. 
 
"The majority of the tier 1 semiconductor connectivity companies worldwide are 
now adopting or evaluating our IP for NFC, known as GEM.  By encouraging 
customers to undertake any customisation they require themselves or to take the 
IP with minor changes, which becomes possible as it matures, we are able to 
start penetrating tier 2 and 3 accounts.  This should further strengthen the 
future royalty stream." 
 
 
Enquiries: 
 
Innovision Research & Technology Plc                             Tel: [phone] 
200 
David Wollen, Chief Executive Officer 
Brian McKenzie, Finance Director 
 
KBC Peel Hunt Ltd (Nominated Adviser and Broker)      Tel: [phone] 
Jonathan Marren 
David Anderson 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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