INN Innovision Res.

 

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 
 
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