Brief: Anoto And Samsung Enter Into Development Agreement

Inq AB (publ)

05/04/2022 07:32

April 5 (Reuters) - Anoto Group AB  ANOT.ST :
    * REG-ANOTO AND SAMSUNG ENTER INTO DEVELOPMENT AGREEMENT
REGARDING
ANOTO-DEVELOPED PEN FOR FOLDABLE OLED SCREENS
    * UNDER AGREEMENT, ANOTO WILL BE PAID FOR DEVELOPMENT OF PEN
(DEVELOPMENT PERIOD IS EXPECTED TO END 4Q 2022
    * AFTER DEVELOPMENT IS FINISHED, SAMSUNG INTENDS TO START
MASS
PRODUCTION, AND ANOTO WILL THEN BE PAID ROYALTY FOR EACH PEN
SOLD UNDER A FUTURE LICENSE AGREEMENT
    * HAS BEEN COMMISSIONED TO DEVELOP A DIGITAL SCREEN PEN FOR
SAMSUNG DISPLAY CO., LTD.'S ("SAMSUNG") FOLDABLE OLED SCREENS
FOR MOBILE PHONES, TABLETS AND PCS

Source text for Eikon:  ID:nGNEqhFT7 
Further company coverage:  ANOT.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))