Alliance with A.T. Cross Company
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
"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
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
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