Redeye: Anoto - Something to write home about

Anoto’s low Q2 license sales were due to customers ordering the old pens, although in order for them to get the new pens they will have to pay up-front license fees. As almost all sales were pen hardware the Q2 gross margin of 48 percent was strong and we find it likely that the new pens can further strengthen the gross margin.

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About Us

Anoto Group AB is a Swedish hi-tech company with unique solutions for transmission of handwritten text from paper to digital media and scanning of printed text. All products are based on digital camera technology and image processing in real time. The Anoto Group today has two brand names: Anoto® – a comprehensive solution entailing paper, pen and server technologies, allowing us to connect all types of writing paper with the digital world and C-Pen® – a scanning pen that can store, interpret and transfer printed text. The Anoto Group has around 100 employees, offices in Lund (head office), Stockholm, Boston and Tokyo. Major shareholders are Ericsson, Logitech International S/A, Robur and DNB. The Anoto share is traded on the O-list of Stockholmsbörsen (Stockholm Stock Exchange) under the ticker ANOT. For more information: www.anotogroup.com

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