Alliance with A.T. Cross Company Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--March 22, 2001--A.T. Cross Company (ASE:ATX.), a leading manufacturer of quality writing instruments and innovator in the pen computing sphere, has signed a memo of understanding with Anoto to produce digital pens and services based on the Anoto concept. The goal is to finalize the terms of the alliance within one year. Cross' Pen Computing Group aims to combine innovative design and high quality with new technology. Cross and Anoto plan to jointly develop innovative new products and services based on the Anoto technology. Together, they are looking to provide a natural link between pen and paper and the digital world. "Cross has been developing innovative pen computing products for some time now. We are very pleased to have an alliance with Anoto to develop a completely new generation of products utilizing their exciting new technology," said David G. Whalen, President and CEO of Cross. "The alliance with Cross, which is a leading technical innovator in the field of pen computing is extremely significant for Anoto. We see considerable potential in combining their know-how and understanding of the technology with the Anoto concept. Cross will give us access to both a strong global brand and wide-ranging retailer network in the USA, and on a global basis," says Christer Fehraeus, President of Anoto. As a part of the cooperation, Cross will join the Anoto Partner program, which is the forum where Anoto partners will share plans and experiences, and jointly strive to strengthen the global de facto standard for Digital Paper. About A.T Cross Company A.T Cross Company, founded in 1846, is located in Lincoln, Rhode Island (USA) and is listed on the American Stock Exchange. Cross is a major international manufacturer of fine writing instruments. The Company also manufactures pen computing products. www.cross.com About Anoto Anoto AB was founded in Lund, Sweden in late 1999 as a subsidiary of C Technologies AB, which is listed on the Stockholm Stock Exchange O-list (Attract 40). The company currently has about 170 employees working in offices in Lund, Stockholm, Boston, and Tokyo. Ericsson holds a minority stake in Anoto and is also represented on the board. Anoto AB has created a de facto standard for digital paper. The concept is built around converting mankind's most common way of communicating, through pen and paper. Proprietary patterns, advanced image processing, Bluetooth wireless technology and an information infrastructure enables Anoto's system. Hand- written notes written on ordinary paper turn digital through the almost invisible Anoto pattern and can be sent directly through a computer, mobile phone, PDA, palm device or a fax. Even services such as paper- based digital orders can be handled with only pen and paper. www.anoto.com About C Technologies C Technologies AB (publ) was founded in 1996 and is a young Swedish high-technology company with cutting-edge expertise within the fields of digital camera technology, image processing and digital pens. The Company's primary product is the C-Pen reading pen, which has received several important international awards for best IT product. The C-Pen scans, stores, processes and wirelessly transmits text to a PC. The pen can also translate, send e-mail, SMS and facsimiles as well as reading barcodes. The C Technologies Group currently has about 250 employees and offices located in Lund, Stockholm, Atlanta, Boston and Tokyo. Major shareholders include company founder Christer Fehraeus, State Street Bank, Ericsson Mobile Communications and SEB Fonder. C Technologies' share is listed on the O-list of the OM Stockholm Exchange (Attract 40). The Group also comprises the subsidiaries Anoto AB and WeSpot AB. Visit our websites at www.ctechnologies.se or www.cpen.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/22/20010322BIT00930/bit0002.doc http://www.bit.se/bitonline/2001/03/22/20010322BIT00930/bit0002.pdf
C Technologies Subsidiary Anoto Agrees to Form Strategic
Press spacebar to pause and continue. Press esc to stop.