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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nxt | LSE:NTX | London | Ordinary Share | GB0004397567 | 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% | 4.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1070I NXT PLC 28 February 2003 28 February 2003 NXT plc NXT Technology to be Licensed by 3M in Exclusive Deal NXT PLC, the British audio and speech technology company, today announces that it has entered into an agreement with the US based, diversified technology company, 3M. Through the new agreement NXT issues 3M an exclusive worldwide license for technology unrelated to NXT's speaker technology. The technology will be licensed to 3M Innovative Properties Company and will be commercialised through 3M's Display and Graphics Business. Under the terms of the agreement, 3M will pay NXT a US$4 million up-front payment and royalties for the life of the patents. As part of its commercialisation efforts 3M will also sponsor continuing research at NXT as part of the agreement. David Pearson, NXT's Chief Executive commented: "This new relationship with 3M is good news for NXT. The development of this new technology reflects the depth of our understanding of bending wave technology and is part of our on-going effort to leverage this intellectual capital base to create new revenue streams. The relationship with 3M is part of our long-term strategy of partnering with industry leaders in commercialising our technologies. This has been evident in our relationships with global brands such as NEC and Philips. NXT and 3M continue to investigate opportunities to strengthen the relationship between the companies which may include ways to implement NXT's SoundVu(R) technology in other 3M products. ENDS For additional information, please contact: NXT PLC Tel: 020 7343 5050 David Pearson, Chief Executive Peter Thoms Capital Communications MS&L Tel: 020 7878 3181 Nick Lockwood or 07941 783 324 Paula Crymble About NXT NXT's business is the invention, patenting, licensing and marketing of enabling technologies in sound and speech. NXT is setting a new world-standard in loudspeakers. It offers a superior alternative to existing technologies across most product sectors while creating new opportunities where conventional technology has been unable to deliver. NXT has developed industry-specific expertise and is focused on helping its licensees get product to market efficiently and cost effectively. NXT has more than 250 licensees for its patented SurfaceSound(R) flat panel loudspeaker technology. Licensees include Acer Computers, Armstrong, Authentic (mainly owned by NEC), DaimlerChrysler, Fiat R&D North America, Fujitsu Ten, General Motors, Intier, LG Electronics, Matsushita Communication Industrial, Philips, Siemens, Sony Ericsson Mobile Communications, TDK and Visteon. The company, which is fully listed on the London Stock Exchange (symbol NTX), has Technology Centres in Cambridge and Malvern and operations in London, Yokohama, Hong Kong, California, Detroit and Stuttgart. For more information, please refer to: www.nxtsound.com. About 3M 3M is a $16 billion diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. Headquartered in St. Paul, Minnesota, the company has operations in more than 60 countries and serves customers in nearly 200 countries. 3M, which marks its 100th anniversary this year, is one of the 30 stocks that make up the Dow Jones Industrial Average and also is a component of the Standard & Poor's 500 Index. This information is provided by RNS The company news service from the London Stock Exchange END AGREADAXAADDEAE
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