IP Licences and Directorate Change (8867D)
30 Marzo 2011 - 12:01AM
UK Regulatory
TIDMAMP
RNS Number : 8867D
Amphion Innovations PLC
30 March 2011
Amphion Innovations plc IP Developments and New Chairman
London and New York, 30 March 2011- Amphion Innovations plc
(LSE: AMP) ("Amphion" or the "Company"), the developer of medical
and technology businesses, today announces that its wholly owned
subsidiary, DataTern, Inc., has agreed further licenses involving
its U.S. Patents 6,101,502 and 5,937,402, generating total revenues
of $665,000.
Since inception in 2008, DataTern has generated total revenues
of approximately $17 million by signing licenses with companies
from the financial, credit card, retail, leisure, healthcare,
airline, e-commerce, oil and gas, insurance, and software
industries.
Richard Morgan, CEO of Amphion, commented:
"DataTern continues to make progress. We continue to have
confidence in the quality of the patents owned by DataTern and we
are very active in seeking additional licensees to this important
technology. In parallel we continue to look for ways to improve the
economics of the programme in order to maximize cash flow and
ensure a good return on investment over the next few years".
The Company is also pleased to announce that as of 1 May 2011,
R. James Macaleer will take over as Chairman of the Board of
Amphion. Mr. Macaleer has been a Non-executive Director since
2005.
For further information please contact: Amphion Innovations plc
Charlie Morgan +1 212 210 6224
Cardew Group Tim Robertson/ Jamie Milton +44 20 7930 0777
Seymour Pierce Freddy Crossley/ Mark Percy +44 20 7107 8000
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 significant
shareholding in 8 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. The Amphion model has
been refined to optimise the commercialisation of patents and other
intellectual property within the Partner Companies. The Partner
Companies collectively own or control over 200 separately
identified pieces of intellectual property, a number that grows
rapidly each year.
On the web: www.amphionplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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