Anoto Group AB - Company Announcement Anoto Group AB receives order worth EUR 300,000 to 500,000
Lund, November 18, 2010 - Anoto partner XMS Penvision, a leading digital pen & paper platform provider, has signed a framework agreement with Magicturk, which is estimated to bring Anoto EUR 1.5 million in revenue the next twelve months.
XMS Penvision has placed an initial order for Anoto digital pens worth between EUR 300,000 and 500,000 depending on the final outcome of the framework agreement. This initial order will be delivered to XMS Penvision within the next three months.
"We are very pleased with the collaboration with our partner XMS Penvision. This agreement could turn out to be one of the largest pen orders Anoto has received so far, and it further strengthens the future of Anoto technology within forms processing," says Torgny Hellström, CEO, Anoto group AB (publ).
The digital pens will be used primarily within banking, maintenance and healthcare, and will be distributed by XMS Penvision's partner Magicturk, the exclusive distributor of XMS Penvision's awarded platform "Formidable" in Turkey.
"We are very excited about this order. It once again shows that Anoto Digital Pen technology, together with our platform "Formidable", creates a solid platform to build successful business on," says Mats Beijer-Olsen, CEO, XMS Penvision.
About XMS Penvision XMS Penvision is an experienced digital pen & paper platform provider working through a dedicated worldwide partner network. The main product is an enterprise digital pen & paper platform called Formidable with built in technology from Anoto. The Formidable platform was awarded with the Most Innovative Solution Golden Pen Award at the Anoto Annual Partner Conference 2009 and is considered by many as the best digital pen & paper platform on the market.
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