April 12, 2017 / 12:10 PM / 5 months ago

BRIEF-Anoto and NeoLAB establish strategic relationship

April 12 (Reuters) - ANOTO GROUP AB

* ANOTO AND NEOLAB RESOLVE LEGAL DISPUTES AND ESTABLISH STRATEGIC RELATIONSHIP

* SAYS NEOLAB WILL PAY ANOTO USD 2 MILLION, REFLECTING RELATIVE SIZE AND VALUE OF PARTIES’ RESPECTIVE PATENT PORTFOLIOS

* ANOTO WILL PAY NEOLAB USD 0.5 MILLION FOR IP ASSOCIATED WITH DEDICATED ADNA READING DEVICE THAT NEOLAB WILL DEVELOP

* ANOTO AND NEOLAB AGREE TO CO-DEVELOP MOBILE APPLICATIONS AND SOFTWARE. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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