Destiny acquires Logitech’s digital pen based on Anoto technology

Lund, 21st of December 2007 – Destiny has announced the purchase from Logitech of Logitech’s assets and intellectual property rights (IP) relating to Logitech’s io2 digital pen. The io2 is based on Anoto Group’s technology and intellectual property rights. It facilitates rapid data capture and transmission from digital forms using either a Bluetooth or USB connection and incorporates a barcode reading facility. Anoto’s technology and intellectual property rights will be licensed to Destiny.

Destiny will acquire Logitech’s io’s IP, trading name and software, as well as dedicated tooling and stock. The strategic move will enable Destiny to build further on their strong position in the B2B market for forms processing with digital pen and paper technology.

Anoto will establish a master reseller agreement with Destiny which will enable Anoto to secure the supply of the io2 pen to their other partners and their customers worldwide. The io2 pen will be a part of Anoto’s product range, which also includes the Anoto branded pen and the Maxell pen.

Logitech has made tremendous strides in opening the market for digital pen and paper solutions and we are excited that Destiny plans to carry the market forward. We are convinced that Destiny, with its focus and commitment on complete productivity solutions for the mobile workforce, will further strengthen our ability to meet and support the growing demand for digital pen and paper solutions worldwide”, says Anders Norling, CEO, Anoto Group.

Edward Belgeonne, CEO of Destiny said “Destiny is committed to the Anoto technology and to building upon the Logitech digital writing solution for the many organizations around the world who gain productivity and efficiency from this technology. The Logitech io2 Digital Writing System has been a key component in our innovative, cost-effective solutions for mobile workers in healthcare, government agencies and many other organizations throughout the U.K. and in parts of Europe, Africa and Australia”.



For more information:

Anders Norling, CEO
Anoto Group AB
+46 733 45 14 98

Anoto Group AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 8:00 am on December 21, 2007.