AMP Amphion Innovations Plc

 

TIDMAMP 
 
RNS Number : 5962R 
Amphion Innovations PLC 
05 May 2009 
 

 
 
 
 
Amphion Innovations plc Partner Company, DataTern, Signs 
Three IP License Agreements worth $1.65m 
 
 
 
 
London and New York, 5 May 2009 - Amphion Innovations plc (LSE: AMP) 
("Amphion"), the developer of medical and technology businesses, today announces 
that DataTern, Inc., has signed non-exclusive intellectual property license 
agreements with three leading international corporations for a total of $1.65 
million. DataTern has signed seven licenses since it commenced licensing of this 
product in June 2008, generating total revenues of approximately $7 million. 
DataTern has now licensed its intellectual property into the financial, credit 
card, retail, leisure, healthcare, and software industries. 
 
 
Joseph Flicek, DataTern's Chief Executive Officer, said, "We have made rapid 
progress in a relatively short period of time, demonstrating the value that can 
be extracted from our intellectual property portfolio. We believe there are a 
large number of potential licensees in a broad spectrum of industries for our 
IP.  Currently, we are in active discussions with six other major corporations 
and we continue to add to this list." 
 
 
DataTern, Inc., wholly owned by Amphion Innovations plc, was established in 
order to commercialise selected intellectual property opportunities in 
partnership with Amphion's Partner Companies. 
 
 
Richard Morgan, Chief Executive Officer of Amphion, said, "Today's announcement 
demonstrates the value that Amphion can generate for its shareholders through 
monetising our intellectual property.  We continue to add further patents and 
software though the activities of DataTern and our Partner Companies and we look 
forward to signing further license agreements." 
 
 
For further information please contact 
Amphion Innovations 
 Charlie Morgan 
 +1 212 210 6224 
Cardew Group 
Tim Robertson/ Jamie Milton/ Matthew Law 
 +44 20 7930 0777 
Charles Stanley (Nominated Adviser) 
 Mark Taylor/ Freddy Crossley 
 +44 20 
7149 6000 
 
 
 
 
About Amphion Innovations plc 
Amphion (LSE: AMP) builds shareholder value in high growth companies in the 
medical and technology sectors, by using a focused, hands-on company building 
approach, based on decades of experience in both the US and UK. Amphion has a 
significant shareholding in eight Partner Companies, developing proven 
technologies targeting substantial commercial marketplaces, each in excess of $1 
billion. Each Partner Company is chosen with the goal of achieving an exit 
valuation in excess of $100 million. 
 
 
On the web: www.amphionplc.com 
 
 
About DataTern, Inc. 
DataTern owns and develops critical technology that provides next generation 
software solutions for its customers. DataTern's patented product offerings 
include ObjectSpark  Technologies, which allow customers to develop their own 
customised data service layers, making the company's offerings valuable to most 
industries, including automotive, banking, chemical, communications, financial, 
government, healthcare, insurance, pharmaceutical, trading, and many others. 
 
 
Non-exclusive licenses for DataTern's technologies and patents are available on 
reasonable and non-discriminatory terms. For licensing terms, please contact 
info@datatern.com. 
 
 
On the web: www.datatern.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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