The Swedish world-leading provider in solutions for digital writing, Anoto, on 11 August 2016 signed a contract to sell 120 000 pens to TStudy China for the education market. The sale will be divided into five orders, commencing in August 2016 and ending in May 2017 regarding 20000-30000 pens each time.
As part of the deal Anoto gives TStudy China exclusivity for one year for digital pen applications in the Chinese market – excluding display applications or pencils for screen, software solutions for collaboration, business solutions, We Inspire, new business with Digiwork or business from existing partners.
“TStudy China is a major player in the Chinese education market to offer digital pens with emphasis on the possibility of Chinese government’s program provides for elementary schools to teach pen knowledge and written with Chinese characters. TStudy China is well positioned to expand the market for our digital pens” says Joonhee Won, CEO of Anoto.
Anoto’s technology enables the pen input with high precision on virtually all surfaces. Anoto operates worldwide through a global partner network that delivers user-friendly digital print solutions for efficient capture, transmission and storage of data.
Anoto Group was founded in 1999 and created the first commercial system for digital pen and paper. Anoto is the world leader in digital pen technology. This innovation enables fast and reliable transmission of handwritten text and illustrations into digital format, not only from paper, but also from surfaces such as whiteboards, glass and LCD screens.
Anoto operates through a global partner network that focuses on user-friendly forms solutions for efficient capture, transmission and storage of data within different business segments, such as Healthcare, Banking & Finance, Transport & logistics, facility management and education. Anoto’s more than 300 partners are available on all continents and in more than 50 countries.
To protect their inventions is central to Anoto and the company currently has more than 300 patents and 260 patent applications. The Anoto share is traded on the Nasdaq Small Cap list under the ticker ANOT.