WeSpot - a subsidiary of C Technologies - signs a long term agreement with Overhead Door Corporation

WeSpot - a subsidiary of C Technologies - signs a long term agreement with Overhead Door Corporation WeSpot has signed a long term commercial agreement with Overhead Door Corporation, a leading commercial door company in North America, for WeSpot's application "Smart Door Opener". Overhead Door Corporation is a Subsidiary of Sanwa Shutter Corporation, a world leader in commercial building products including: roll up doors, shutters, windows and automatic entry doors. Lars Holmqvist, CEO of WeSpot says "that the agreement with Overhead Door Corporation is very promising for WeSpot due to Overhead Door's excellent market position in the North American market, their technical skills and committed management. Another important point worth mentioning in our selection of partner is of course, the fact that with a good start together with Overhead Door, the road is open for further similar product releases within the larger Sanwa Group". Howard Simmons, CEO of Overhead Door Corporation believes that the technology that WeSpot is developing could have significant impact on how entrances and door ways are viewed in the very near future. "Image recognition provides exciting opportunities in both safety and security of our products. Recent breakthroughs in the cost and processing power needed to accomplish this efficiently is now within the reach of both the commercial and private consumer. It could be the breakthrough in the features that our products can provide". Overhead Door Corporation is a subsidiary of the Sanwa Corporation of Japan. Sanwa is a global corporation providing innovative products in the commercial and residential construction products markets. Sanwa's annual sales worldwide are in excess of $2 billion (US). WeSpot's Smart Camera Platform is an ASIC-based system with image processing decisionmaking, all done in the camera it-self. At ISC Show in New York 28-30 August, WeSpot plans to exhibit five different applications: intelligent intrusion sensors, face recognition, nursing security, airport security and smart door openers. For further information, please contact: Lars Holmqvist, CEO of WeSpot AB. Tel. +46 (0)733-45 14 51 Pontus Nobréus, Area Manager at WeSpot AB. Tel. +46 (0)733-45 14 16 Birgitta Plyhm, Information Manager at C Technologies AB. Tel. +46 (0)702-07 36 32 Pictures for downloading can be found on www.wespot.com WeSpot AB's business concept comprises smart cameras that register specific incidents and trigger the alarm. The aim is to be the first company to commercialise an alarm system with distributed image processing and to offer this to a large market. The second step is to strive to become the leading player within the field of smart image sensors for a variety of applications. WeSpot AB was founded in 1999 and now has about 30 employees and an office at the Ideon Research Park in Lund. The company is a subsidiary of C Technologies AB with Malmöhus Invest AB, SEB Företagsinvest, Bure Invest and CR&T Ventures as minority owners. C Technologies is listed on the Stockholm Stock Exchange O-list (Attract 40). For more information visit our web site: www.wespot.com C Technologies AB (publ) was founded in 1996 and is a well-established Swedish high-technology company with cutting-edge expertise in the fields of digital camera technology, image processing and digital pens. The Company's primary product is the C-Pen® digital pen, which has received several important international awards for best IT product. The C-Pen scans, stores, processes and transmits text to a PC, either by infrared or by cable. The pen can also translate, send e-mail, SMS and facsimiles, and read bar codes. The C Technologies Group, which also comprises the subsidiaries Anoto AB and WeSpot AB, currently has about 300 employees and offices located in Lund, Stockholm, Atlanta, Boston, Tokyo and Hong Kong. Major shareholders include company founder Christer Fåhraeus, 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). For more information visit our web site: www.ctechnologies.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/21/20010821BIT01000/bit0001.doc http://www.waymaker.net/bitonline/2001/08/21/20010821BIT01000/bit0001.pdf