Anoto enters into a manufacturing agreement with a major electronics and mobile manufacturing company

Anoto Group AB

Stockholm October 3, 2022 – Anoto Group AB (publ) (“Anoto”) announces that it has entered into a manufacturing agreement with SMAC (Smart Mobile Application Company), a South Korea-based manufacturing company engaged in the development and manufacturing of touch screens. and key modules for wireless communication devices. Its products are used in mobile phones, tablets and laptops/all-in-ones, as well as automotive and other applications. SMAC will produce all Anoto and Livescribe pens from October 1, 2022. In addition to its Korean factories, SMAC also has manufacturing facilities in Vietnam with over 1,000 employees.

“With this contract, Anoto will be freed from manufacturing issues such as sourcing, yield management, material quality control and even production scale-up. SMAC is capable of producing over 100,000 pens per month, in case we need to increase our production level. In addition, it will alleviate working capital issues as Anoto no longer needs to purchase components in advance,” says Joonhee Won, CEO of Anoto Group AB.

For more information, please contact:

Joonhee Won, CEO, Anoto Group AB (ad)

For more information about Anoto, please visit www.anoto.com or email [email protected]

Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm

This information has been submitted for publication, through the contact person indicated above, on October 3 2022 at 08:0000 HEC.

About Anoto Group

Anoto is a public Swedish technology company known worldwide for its innovation in information-rich patterns and optical pattern recognition. It is a leader in digital writing and drawing solutions, having historically used its proprietary technology to develop smart pens and related software. These smart pens enrich the daily lives of millions of people around the world. Anoto currently has three main lines of business: Livescribe Retail, Enterprise Forms and OEM. Anoto also owns Knowledge AI, a leading AI-based education solutions company, as a majority controlled subsidiary. Anoto is listed on the Small Cap List of Nasdaq Stockholm under ANOT.

Attachment

Comments are closed.