Posts Tagged ‘Digital pen’

INKWRX™ is the product name and trading name for Destiny Wireless Limited. Founded in 2002, Destiny became a subsidiary of Anoto Group AB in August 2011. The INKWRX™ management team has more than thirty years of experience in mobile communications, telematics and data capture technologies, with an in-depth understanding of how new technology can be deployed for greater business efficiency.

Our commitment to quality throughout our processes is reflected in our ISO 9001 certification which has been held since 2006. We are also IGSOC (Information Governance Statement of Compliance) accredited which means we have met all the NHS network security criteria so we can send data via the secure N3 connection into the NHS.

Destiny Wireless launch major rebrand with new company name

Destiny Wireless, which has been at the forefront of mobile data capture for over twelve years, has recently completed a comprehensive brand review and today launches its new brand identity and website to support its growth as a market leader in digital data capture solutions.

The new brand name for the company is INKWRX™. The INKWRX™ platform, an innovative cloud based data capture platform, allows you to design, manage and publish your own business e- forms which can then be completed using a tablet device or digital pen.

The new website www.inkwrx.com has been designed to communicate with current and prospective clients and to drive sales with channel partners and re-sellers.  The look of the new website has been created through a collaborative approach between the company, their partners and their design agency – Russ James Design. “We wanted the new INKWRX™ website to look refreshed and colourful with a new visual identity which focuses on the product and what it does for organisations” commented Russ James.

The new INKWRX™ platform helps businesses to “Go Paperless or Paper-lite”. Businesses can capture the data they need out in the field  with a tablet device or digital pen and transmit it to head office in real-time, typically cutting down the average processing time from 10 days to under 10 minutes.

Commenting Edward Belgeonne of INKWRX™ said; “we feel that with the launch of our new INKWRX™ platform, coupled with the development of our own INKWRX™ tablet app, now is the right time to re-brand and expand our business via channel partners. The digital data capture market is evolving and we need to evolve with it in order to meet the demands of our customers.”

 

Now, it appears that the marketing of the Destiny / INKWRX / Anoto business is gearing up…

January 15, 2016 (The Anoto pen and the dot pattern form highlighted at t=53 s):

January 15, 2016 (The Anoto pen and the dot pattern form is highlighted at t= 54 s)

January 15, 2016 (The Anoto pen and the dot pattern form is highlighted at t= 51 s)

January 15, 2016 (The Anoto pen and the dot pattern form is highlighted at t= 50 s)

January 11, 2016 More about Destiny Wireless 

Feedback quote:

“Our engineers love the evolution from the digital pen to the tablet; they have requested this for some time and all feel they have got something which has been implemented to assist them in their job. The most important element for us when using the tablet devices is saving time both in the office and in the field.”

Mel Brown, Managing Director at Executive Installations

Read the full executive installation here: http://www.inkwrx.com/user/executive-installations/

Interestingly, in the bottom of the homepage a number of well known companies logos are depicted (e. g. ABB)

http://www.inkwrx.com/

Within the healthcare business segment, Inkwrx has also published an interview with Derbyshire Healthcare (2015):

Potentially, this is the most interesting video in terms of gaining insights in the (destiny / Anoto) digital pen impact and importance (2015):

Obviously, despite the “destiny tag on the pen”, this pen is also based on Anoto technology…

http://www.destinywireless.com.au/how-pen-works

In conclusion, Anoto AB have positioned themselves within a number of pen and screen market segments. The most interesting is potentially Wall based solutions. Recently, the Head of Design at We-Inspire, Jacob Leitner, posted something that could be defined as a teaser for “what´s about to come”. However, this market segment will not be included in this blog post. Stay tuned…

Leitner

(The picture is a hyperlink to the youtube source – Anoto, the power to capture it all)

We-inspire homepage:  https://we-inspire.com/

Best regards, CESI

The author, Cutting Edge Science Invest, is a long term Anoto share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post. Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

 

 

 

 

 

http://www.inkwrx.com/

According to Anoto AB, no further capital demand is demanded the fourthcoming 12 months (reference sourcelink in Swedish here):

Anoto capital

Recently, insider purchases in Anoto AB has been reported:

http://bors.affarsvarlden.se/afvbors.sv/site/stock/stock_detail.page?magic=(cc%20(tsid%2042949)%20(detail%20(tab%20insiders)))

Redeye analyst Viktor Westman comments:

“With the new average cost per share of SEK 3.9 an increase in the share price of over 200 percent is needed in order to reach break-even and it now appears as if Revelsby believes that this is doable. Revelsby’s subscription for 600 000 shares should therefore mean a positive effect on the share at opening on Monday. Together with the purchase of 450 000 shares from Anoto’s chairman in November 11, Revelsby’s move also marks a long-awaited shift in the insider transactions in Anoto.”

Source link:

http://www.redeye.se/analys/today/more-skin-game-anotos-management

CESI is confident that clues are to be found in a number of recent verbal statements by the CEO Stein Revelsby. A few are found in the interview attached below (In Swedish)…

http://www.redeye.se/webcast/intervju-med-anotos-vd-stein-revelsby-pa-smabolagsdagen-2015

…and other interesting written statements are found in the Q3 report (partially) attached in blue font below. Miscellaneous CESI comments are also inserted below (bold blue, red and plain black font).

These statements strongly indicates an improved near future Q4 report. 

“Comments from the CEO

MULTI SURFACE PRECISION PEN INPUT

Revenues in the second quarter were 55 MSEK compared to 27 MSEK in Q3 2015. Gross margin was 37% compared to 65% in Q3 2014. The lower gross margin was due to a combination of lower software sales in the quarter in Enterprise Solutions and larger sales of hardware to our partners in Korea within education. We expect the gross margin to normalize around 50% in the coming quarters. Operating expenses in the quarter were 48 MSEK compared to 35 MSEK in the same quarter last year. As previously announced the higher operating expenses in 2015 are related to product development with HP,Ink., research and testing of new micro dot thin film solutions for large displays and the development of Anoto LiveTM Services. The combined result of these efforts is a broader portfolio of products that we are now preparing to ship in the coming quarters and a back-end infrastructure for the support of partners and resellers. We are about to realize the vision of a universal platform to enable precision pen input on paper, displays and walls, -from small sticky notes to 24 foot size walls as well as small to ultra-large displays. The advantages of having a single pen technology that works on multiple surfaces are many. The ability to combine paper, displays and walls opens for totally new user experiences, more flexibility and creative freedom, as well as better control of content and data. For manufacturers it means lower overall manufacturing costs and synergies between devices but most importantly better pen performance. We expanded the management team in Q3 with the hiring of senior managers within product management, marketing and sales and to get a stronger presence in Los Angeles and the San Francisco Bay area. Key priorities in the quarter was to work on the overall positioning of a broader product portfolio that now includes products and applications for digital signatures and document data capture, solutions for professional collaboration, brainstorming and project management, precision pen input on small and large displays, as well as hybrid solutions for the combination of digital pens, paper and mobile devices. During the quarter we initiated contact with new potential OEM customers and signed up new distributors and resellers in the US, Germany and France. We tested out a range of new large displays and planned for segmentation of the portfolio into application areas; professional collaboration solutions, architects, design and creatives. We finalized the development of Anoto LiveTM Pen 2 Professional and prepared for mass production of 30,000 pens for the delivery to a large financial services company in Japan in Q4. Our increased working capital need was financed through a 40 MSEK private placement of shares in the third quarter and we also closed the acquisition of XMS Penvision, an innovative Swedish software company specializing in digital writing solutions. The acquisition of XMS Penvision gives us a larger portion of the value chain, flexibility in pricing and a product suitable for sale through larger resellers, as well as a highly competent team that complements our own in-house software development.

OUTLOOK

After a long period of negotiations in parallel with product and business development we finally signed a Technology Licensing Agreement with HP, Inc. on November 5 th . We are very excited about this new partnership and believe HP is the ideal partner to help realize our vision about a universal digital writing platform that embraces user cases across all industries. The agreement contains certain exclusivity rights for HP within product segments for Workstations, a product segment where HP has a dominant market share. The exclusivity is subject to certain conditions including a minimum purchase of products from Anoto over a 4 year period. It is difficult to estimate the future revenue deriving from the agreement, but we expect the agreement to have a significant positive impact on Anoto`s business in the coming years. On November 5 th Anoto signed a share purchase agreement to acquire Livescribe Inc., Anoto partner since 2007, with it’s headquarter in the San Francisco Bay area. The purchase price shall be paid in cash and is based upon an enterprise value of 15 MUSD equal to estimated sales for 2015. On closing, which is expected to take place on November 30, Livescribe will be debt free. The acquisition is another step in consolidating the Anoto ecosystem and to realize synergies in hardware and software development, supply chain and operations, as well as to give Anoto access to additional market channels for online sales and retail distribution. We are working on a new range of products to be launched in Livescribe sales channels in 2016.

Livescribe employs 45 full time employees and contractors, and offers the leading personal mobile companion and application to integrate handwriting into mobile devices. Livescribe allows customers to continue using pen and paper to take both structured and unstructured notes yet instantly make them useful with their favorite applications as they digitize in real-time. Based upon a strong order back log with our partners in Korea and China and large publishing companies within education, as well as the enterprise order in Japan and the planned delivery of 29,000 pens to a large financial services company in Japan we expect continued strong revenue growth in Q4. We expect the strong growth to continue in 2016 with the expected commercial launch of products with HP, the commercial launch of large displays, the addition of new distributors and resellers for We-Inspire, partnering with The Foundry as well as the acquisition of Livescribe. We expect gross margin to normalize around 50%

ANOTO ENTERPRISE SOLUTIONS

Anoto Enterprise Solutions focuses on systems, products and services that target businesses, primarily in the field of forms processing, document management and signature capture. The offering is Pen Solutions which includes solutions for creating a form in digital format, digital processing of handwritten forms and automatic generation of a digital version of a document with handwritten signatures and notes. Anoto has an indirect business model and markets its products through partners, such as system integrators, software developers and IT consulting firms, all of which offer customized solutions with Anoto technology to their customers.

Sales within Enterprise Solutions were MSEK 19 in the third quarter, following 18 MSEK in the second quarter, compared to 31 MSEK in the first quarter when we closed the 11 MSEK sales to Wales Ambulance Trust in the UK. We expect a strong Q4 subject to the delivery of the 37 MSEK order to a large financial services customer in Japan in December. The variance in revenues from quarter to quarter reflects the lack of capacity in sales and delivery and our need to strengthen the partner network. The large deals that we have won within Enterprise Solutions in the UK, Germany, Turkey and Japan lately shows clearly the value that we offer to customers and their need for solutions to close the digital transformation gap that exists. With the recent management hires in product management, sales and marketing we are working on positioning Anoto Enterprise Solutions together with the other business areas within Anoto for a better alignment with the IT industry in general and a more focused partner strategy.


A CESI comment: The Swedish Redeye group speculates that the Japanese customer is Japan Post:

“We know that the record deal in Japan of SEK 37 million was due to a procurement and we also know from CEO statements that it was made with one of the world’s largest financial institutions. Hence we would be surprised if the Japan deal was not a deal with Japan Post, one of Japan’s biggest companies and the largest IPO in 2015 (please note that this is pure speculation).”

http://www.redeye.se/analys/today/anoto-ladies-and-gentlemen-fasten-your-seatbelts


[Q3 interim report continued…]

We want to utilize synergies and the increased awareness we get from new partnerships around a single pen for multiple surfaces and applications for enterprise, SMB and consumers to cover all areas of digital writing; digital signatures, data capture, collaboration, design and creative.

Anoto UK: Q3 was dominated by the successful roll out of 1,700 pens across the Welsh Ambulance Service Trust (WAST). This deployment was carried out across a very large geography to very tight timescales and was a testament to the professionalism and dedication of our delivery team in partnership with Welsh Ambulance IT that this was achieved on time and on budget. This has been widely publicised both within Welsh Government and across the broader UK ambulance community.


CESI comments: Further reading are available here:

https://www.linkedin.com/pulse/welsh-ambulance-services-nhs-trust-deploy-anoto-digital-gittens

http://www.anoto.com/investors/corporate-news/?lang=english&messageId=806788


 

Planning for expansion of the Anoto solution within WAST has already started, with Phase 2 and Phase 3 projects being scoped. Introductions to other senior people within other ambulance services is also planned. Outside of Healthcare we are ramping up activity in identifying larger commercial opportunities and have begun promising discussions with larger “eco system” partners such as OpenText and Salesforce.


CESI comments: The Anoto Creative explanation of “the eco system” for the creative industry:


[Q3 interim report continued…]

Japan: In August a large financial services company in Japan granted a contract to Anoto and its consortium partners for the rollout of 29.000 Anoto Live PenTM 2 Pro with digital writing software. Anoto’s part of the contract is 37 MSEK and is planned to be delivered in December of this year. The customer’s sales force will use Anoto digital pen and paper as an integral part of their new insurance policy sales process. The Anoto digital pens, which will be used to fill in medical and personal information as well as the personal signature, are equipped with a camera for recording personal identification of customers for regulatory compliance. By using this solution, the customer will improve internal process handling by eliminating scanning and re-keying of contracts and will minimize paper consumption.

Sweden: partner Phoniro further expanded their market presence in the Swedish home care market with their quarterly commitment.


CESI comments regarding Phoniro. More info here:

http://globenewswire.com/news-release/2014/04/25/629933/0/sv/Phoniros-H%C3%A4lsodagbok-och-Anotos-digitala-skrivteknik-m%C3%B6jligg%C3%B6r-realtids%C3%B6verf%C3%B6ring-av-data-fr%C3%A5n-patientens-hem-till-sjukhuset.html?print=1


[Q3 interim report continued…]

In July Anoto announced the acquisition of XMS Penvision AB. Established in 1996, XMS Penvision is an innovative Swedish software company specializing in digital writing solutions. Its core product Formidable is marketed through a global network of partners who add value to the platform through a consultative approach with customers seeking a business solution. Formidable is the foundation for Anoto Live Forms, an Anoto Enterprise Solutions application for signatures, document and mobile data capture.


CESI comments: Interestingly, as observed in this video…

…HP was previously involved with Penvision (see t= 3.12 min). CESI speculates that the Anoto AB acquisition of XMS Penvision was urged by HP during the HP-Anoto AB negotiations.


[Q3 interim report, Penvision paragraph continued…]

The company has 10 employees and 2014 revenues were 13 MSEK. The acquisition of XMS Penvision gives Anoto a larger portion of the value chain, flexibility in pricing and a product suitable for sale through larger resellers, as well as a highly competent team that complements our own in-house software development.

South Africa: Lewis, expanded the use of digital pens with 1.500 additional users, based on our partner Objectif Lune’s platform Planet Press Capture. Lewis is South Africa’s single largest furniture brand which sells a range of household furniture, electrical appliances and home electronics.


CESI comments: Interestingly,  there also seems to be other ongoing activities within emerging South African educational technology / interactive white board industry…

Founded in 2012, Eduworks has created ground-breaking, classroom-friendly and learner-centric products that will be transforming the lives of Teachers, Students, Schools and Society.

Eduworks was founded with a vision to promote and boost Mathematics and Science in Schools. By keep the need of South African Education system in mind, Eduworks and HCL Learning did the brainstorming for 3 years and came up with solution- “Digischool”.

Eduworks is a highly innovative and technology driven company revolutionizing the education system in South Africa, dedicated to provide best solutions to the Teachers and Learners. The company is designed to boost the education sector that make learning and teaching easier, more fun, and more effective.

Eduworks is utilizing Anoto AB technology

http://www.eduworks.co.za/products/interactive-whiteboard/

and also via Tstudy as the Symphony pen is also based on the Anoto AB grid pattern (see SOLiD edu link under the Kyowon paragraph below):

http://www.eduworks.co.za/symphony/


[Q3 interim report continued…]

India: we signed a new partnership for the education market which will result in pen and license revenue in Q4 for Anoto. Our partner Trata has started to roll-out our technology into the healthcare market and we expect larger volume roll-out in the coming 6 months.

Korea: our partner ISU Systems extended the partnership and have committed to expand their market presence in the Korean B2B market.

TECHNOLOGY LICENSING (OEM SALES)

Customers within Technology Licensing develop and sell products based on our intellectual property, software, and digital pen products. For many years, Anoto has licensed its technologies to providers of interactive classroom solutions as well as learning aids for children. Productivity tools, such as for note-taking and meeting productivity, are also long-established products in our Technology Licensing segment. Recently, Anoto has established two new application areas through partners: voting solutions and digital design automation. Voting solutions are based on our traditional digital paper technology, while digital design automation solutions help animators and designers unleash the creative power of digital writing with interactive touch displays. Net sales during the quarter were MSEK 35, which is MSEK 26 above the same period last year.

HP

After a long period of negotiations in parallel with product and business development we finally signed a Technology Licensing Agreement with HP on November 5 th . The parties have agreed not to disclose product details or product launch dates at this point in time. The agreement contains certain exclusivity rights for HP within product segments for Workstations, a product segment where HP has a global market share of approximately 50%. The exclusivity is subject to a minimum purchase of products from Anoto over a 4 year period and will, if realized, have a significant positive impact on Anoto`s business in the coming years.

Large Format Displays

Together with partner Optika Display, a subsidiary of Stratacache in the US, we announced the Collaborate 65UHD, a 65- inch large format, 4K LCD collaboration device in Q2. The product won the award for Best Personal Workspace for Creatives at InfoComm in Orlando, US among 950 exhibitors and 40,000 professionals from 100 countries. During Q3 Optika Display (www.optikadisplay.com) has been working on the configuration and testing of the product and preparing for commercial roll-out in close cooperation with its partner Avnet, one of the world`s largest distributors of computer products. Collaborate 65UHD combines the most advanced touch glass and active stylus technology available with worldclass 4K LCD technology.


CESI comments: Videos from InfoComm:

.


[Q3 interim report continued…]

In addition to its partnership with Optika Display Anoto expanded its management team in Q3 with the hiring of senior managers within product management, marketing and sales and started to develop a go-to-market strategy including partnerships with ISV’s, distributors and resellers. We expect a large market opportunity to materialize in the coming months when businesses want to replace AV projectors in corporate board rooms, meeting rooms and classrooms with large format displays as well as other initiatives like the introduction of Microsoft Surface Hub. Our initial market focus will be with customers and partners in creative industries and product design that will benefit from having precision pen input on larger surfaces. During Q3 we initiated contact with new partners and evaluated options to broaden the product portfolio with products in size range 40”-55”.

TStudy We delivered 70,000 pens to partner Pen Generations, Inc. in Q3. Pen Generations did not manage to deliver the pens to customer TStudy China within the quarter and therefore Anoto did not book the profit margin on these pens in Q3. The profit margin, 3 MSEK, will be booked when the pens are delivered to the end customer. In July Anoto signed an amendment to the exclusivity agreement with TStudy Cina Co Ltd. The amendment is an extension to the agreement that was signed on August 20, 2013. The exclusive distribution agreement is for 5 years subject to TStudy purchase of a minimum of 2 million pens over the exclusivity period. The exclusivity does not include applications within voting, census and people registration nor products sold by Anoto’s large global OEM partners.


Info about Tstudy here:


[Q3 interim report continued…]

Kyowon

We delivered 30,000 pens to Kyowon via Anoto partners SOLiDEdu, Inc. and Pen Generations, Inc. in Korea in Q3. The application is an interactive multimedia education solution, connecting digital pen, paper workbooks and tablets, which allows for more efficient learning and better individual progress.


 

More CESI info about SOLiDEdu, Inc here:

https://cuttingedgescienceinvest.com/2015/12/13/anotosolidnetboardsymphony/


[Q3 interim report continued…]

We-Inspire New distributors and resellers were engaged in the quarter in Germany, Singapore and Scandinavia. MSD (the company known as Merck & Co. Inc. in the US) expanded their We-Inspire installations to three locations, with Singapore as their latest addition, to previous Czech Republic and US. Our successful collaboration with this multinational corporation resulted in an invitation for Anoto to a large corporate event (Tech Symposium) taking place in Europe (Prague) and US (Branchburg) simultaneously. Key suppliers were invited to show their solutions in the event. MSD staff from all over the world were able to see and try out the We-Inspire solution live in both locations. Sales into higher education continued to grow with expanded use by the California State University system to now include a three projector solution at California State University, Monterey Bay. Together with The Foundry, (www.thefoundry.co.uk), a leading software provider for animation studios, gaming studios, artists, designers and creative professionals Anoto engaged with leading Hollywood studios and went through successful testing during Q3. The solution “FLIX Wall” is combining FLIX, The Foundry’s software for collaborative visual story development with Anoto’s digital tools. The solution was shown for the first time at Siggraph 2015, Los Angeles in August.


CESI comments: More info about the FLIX wall and the Foundry is found here:

Compare the music in this Anoto/Livescribe link…

…with the “HP” music in this link…

Why do the companies play exactly the same song? A coincidence?Nevermind, it´s kind of excellent…


[Q3 interim report continued…]

Livescribe

On November 5 th Anoto signed a share purchase agreement to acquire Livescribe Inc., Anoto partner since 2007, with its headquarter in the San Francisco Bay area. The acquisition is another step in consolidating the Anoto ecosystem and to realize synergies in hardware and software development, supply chain and operations, as well as to give Anoto access to additional market channels for online sales and retail distribution. Livescribe has invested significant amounts in marketing and product development since 2007 and has not yet been profitable. In the last 12 months they have reduced operating expenses and headcount significantly. Anoto considers the timing of the acquisition to be good and the risk related to integrating the business with Anoto to be low. We are working on a new range of products with a significant revenue potential to be launched in Livescribe sales channels in 2016. Livescribe employs 45 full time employees and contractors, and offers the leading personal mobile companion and application to integrate handwriting into mobile devices. Livescribe allows customers to continue using pen and paper to take both structured and unstructured notes yet instantly make them useful with their favorite applications as they digitize in real-time. The product portfolio consists of the Echo Smartpen that is positioned as a PC/Mac companion and has built in audio recording and paper replay functionality and the Livescribe 3 Smartpen that is designed to be a mobile companion for smartphones and tablets. Livescribe has a global footprint and generates approximately one third of its revenue outside of the U.S. Livescribe has partnered with providers of leading note-taking, cloud and collaboration solutions such as Microsoft’s OneNote, Evernote, DropBox and Salesforce to ensure that the notes generated with Livescribe simply and easily integrate with these third-party applications. Some examples of use cases are a feature which if enabled automatically imports users’ written notes into Evernote or OneNote or productivity enhancing features enabling imports into Salesforce. The technology can also “bring written words to life”, enabling phone numbers to be dialed with a pen touch to paper or a written address located on mapping applications. Furthermore, APIs are available to enable development of any type of customized applications to take advantage of Livescribe’s capabilities. The Company goes to market via online retailers, traditional retailers as well as a direct-to-consumer channel. The Company has a strong online presence with Amazon and a retail footprint of approximately 2,000 stores. The retail footprint includes Best Buy, Softbank, Sprint and T-Mobile. Currently Livescribe is compatible with iOS and Android. The LS3 was initially launched only on iOS to leverage Bluetooth LE and capture the high end US user base.


CESI: More info about the Livescribe 3 Smart pen (=LS3)

The LS3 has also topped the charts:

http://www.ebay.com/gds/Top-10-Digital-Pens-/10000000204976240/g.html

http://www.houghlawfirm.com/gadget-review-livescribe-3-smartpen/

http://digital-pen-review.toptenreviews.com/

“The Livescribe 3 Smartpen may look and feel like a standard pen, but it does much more. This digital pen converts your handwritten notes and sketches to digital copies and it even captures audio. The Livescribe 3 is the best digital pen and it will change the way you take notes and will help you get organized. It has an outstanding battery life of 14 hours and includes great apps that complement your smartphone, tablet or computer. Together, these characteristics earn it our Top Ten Reviews Gold Award for best smart pen.”

http://www.lifehack.org/articles/technology/8-reasons-why-livescribe-is-the-best-tool-for-taking-digital-notes.html


[Q3 interim report continued…]

Android compatibility, launched in August 2015, has significantly expanded the Company’s target market and use cases while broadening the appeal across price bands. Historically Anoto has a technology licensing agreement with Livescribe and received a royalty of approximately 6% of Net Sales Value based upon Livescribe sales. Post-acquisition Livescribe will be fully integrated with Anoto Group as a wholly owned subsidiary.” [end of Q3 interim report quote]

Further reading:

A CESI patent compilation:

Infact, HP has already patented Anoto technology, read more…

https://cuttingedgescienceinvest.com/2015/07/06/anoto-ab-in-recent-patent-applications-a-cesi-compilation/

CESI in speculation mode:

https://cuttingedgescienceinvest.com/2015/12/16/anotojust-forms-anotocimanotechfoxconn/

Interesting new Anoto AB thread at the tabletpcreview forum…

“Can you imagine Wacom or N-Trig or Lenovo having the basic human consideration of climbing out of their ivory towers to actually communicate to their users like this in such an unguarded and straight manner? It’s a breath of very fresh air after a years-long diet of silence and spin.”

http://forum.tabletpcreview.com/threads/anoto-optical-stylus-tech.68573/

More interesting quotes from the tabletpcreview forum…

“And yes, there has been lots of backslide in terms of development in areas I would have liked to have seen. eInk is really cool, and I am disappointed that it has been dropped so heavily. I was hoping for full-colour reflective displays with super-fast response times to be available.., around now, actually.

PixelQi was going in the right direction. But it died.

But things are not all that bad. Five years ago, there was Wacom or nothing, and Tablet PCs were stagnating. Now there are a lot of options, more than I would have predicted, with a lot of new ones on the horizon.

I sent an email to Anoto the other day asking them to please consider developing their stylus toward a thinner, less awkward design. (Anoto developed the stylus tech for that huge, 21″ Panasonic Toughpad). They responded quickly and briefly, but were extremely polite and positive regarding my comments. I’ve never heard back in such a way from.., anybody in the industry before.

I’m looking forward to seeing what HP produces with their tech. I think they could be a really exciting new player, and I hope there’s some overlap with my interests as an illustrator.”

http://forum.tabletpcreview.com/threads/thoughts-on-pen-computing-in-2015.68321/

Scalable has OEM and marketing partnerships with many top tier projector brands, component suppliers and integrators.  A partial list of partners showing Scalable’s auto-calibration at InfoComm this year include: Anoto , Da-Lite, NEC, Ricoh, Sony and Vivitek.

http://www.scalabledisplay.com/company/news/scalable-display-technologies-announces-infocomm-participation-eight-partners

THE INTERACTIVE WHITBOARD MARKET

Global Stylus Pen for Interactive Whiteboard Market 2015-2019

Obviously, Anoto AB is active within the interactive whiteboard industry (boards with grid-pattern). Therefore, this recently published forecast is very much embraced by the Anoto share holder:

http://www.prnewswire.com/news-releases/global-stylus-pen-for-interactive-whiteboard-market-2015-2019-300196703.html

Note: Whiteboards are only one of many Anoto AB business areas…

A few examples of providers of Anoto technology:

http://www.eduworks.co.za/products/interactive-whiteboard/

http://www.casio-intl.com/asia-mea/en/projector/whiteboard/ya_w72m/


 

Washington based Tandem Conglomerate:

“Exporting Korean educational systems across the world”

About Tandem Conglomerate:

Tandem Conglomerate is an Information Technology solutions provider with extensive expertise in a wide range of technical domains. From project management to database design and administration to application integration, we have the skills and experience to help your company reach its IT goals.

Our resources are dedicated and highly motivated. We are committed to making your organization or company more successful. With experience in a variety of industries, from telecommunications to government, and wide-ranging technical expertise, we have what it takes to help you get where you want to be

Thus, the Tandem Conglomerate promotes Anoto AB technology:

http://tandemconglomerate.com/tstudy/

http://tandemconglomerate.com/tstudy/symphony

http://tandemconglomerate.com/tstudy/whiteboard


 

Note taking marrying pen with paper.

An interesting blog post by Brian Friedlander highlighting Livescribe and Evernote:

http://assistivetek.blogspot.com/2015/12/note-taking-marrying-pen-paper-with.html?_sm_au_=iPHNkrrsRstqvTF6


 

Healthcare (another single example…)

According to a National Health Interview Survey, 20.6 million American Adults age 18 and older reported experiencing vision loss. Visions loss refers to individuals who reported that they have trouble seeing, even when wearing glasses or contact lenses, as well as to individuals who reported that they are blind or unable to see at all

American Printing House for the Blind (APH) is the world’s largest nonprofit organization creating educational, workplace, and independent living products and services for people who are blind and visually impaired. Recently, the company announced (and is currently providing) a new product: A modified Livescribe/Anoto AB pen…

“NEW! Interactive U.S. Map with Talking Tactile Pen

1-01150-00 — $259.00 + shipping

Optional Item

Stereo Headphones with Ear Cushions and Volume Control
1-18986-01 — $14.50

The Interactive U.S. Map with Talking Tactile Pen is a fun, dynamic learning tool for accessing information about the 50 states!

The Interactive U.S. Map’s combination of tactile, visual, and audio feedback contributes to a versatile learning experience that allows for independent, self-guided study by visually impaired and blind students and adults, as well as by sighted peers.

The Talking Tactile Pen consists of a non-writing stylus, a tactile Power button, an audio jack, and a micro-USB connector (for recharging the pen after long periods of use). The audio content can be heard through the pen’s tiny speaker, however, standard headphones (headphones sold separately) or external speakers can provide better sound quality for the synthetic speech and sound effects.

The pen serves as a personal “tour guide” that gives the reader information about each location visited on the map via multiple layers of audio recordings. The reader is allowed to “drill down” layer by layer via consecutive pen taps to learn about each state.

17 Pen Layers Include: State name; State abbreviation, State capital; Ten largest cities; Surroundings (land & water); Land area, water area, state water percentage; Highest point (elevation); Major rivers; Population estimate; Statehood year; State nickname; State symbols (bird, flower, tree, and song title); State motto; Famous people; Points of interest; Interesting facts; Spelling of state name

Includes

      • Foldable tactile/large print map of the United States
      • Modified Livescribe™ Echo™ Smartpen with audio content, 3.5mm headphone jack, and mini-USB port
      • USB charging cable
      • Storage pouch for pen and charging cable
      • Carrying box to store components
      • Large print instruction booklet
              • Braille instruction booklet – UEB Compliant

Livescribe™ is a trademark of Livescribe Inc. The Talking Tactile Pen is a modified version of the Livescribe Echo™ smartpen.”

CESI expects that additional specific Anoto pen applications within education and healthcare soon will follow. 

Original link here (scroll down a few posts)


End quote:

This blog post could be defined as an update to the first CESI Anoto blog post:

https://cuttingedgescienceinvest.com/2015/07/12/anoto-an-ongoing-historical-milestone-turnaround-in-the-swedish-micro-cap-stock-market/

A serious near future share prediction for a company like Anoto AB is almost impossible. Insiders have recently purchased Anoto AB above 1 SEK and therefore CESI is ridiculously bullish ahead of 2016. And again, according to the recently published Anoto prospectus: Anoto AB claims no further capital demand from share holders in the fourthcoming 12 months.

Best regards, CESI

The author, Cutting Edge Science Invest, is a long term Anoto share holder. Cutting Edge Science Invest can not guarantee, or take into accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice. 

 

 

 

 

 

 

 

Anoto Group AB is a global leader in digital writing solutions, which enables fast and reliable transmission of handwriting into a digital format. Anoto operates worldwide through a global partner network that delivers user-friendly digital writing solutions for efficient capture, transmission, distribution and storage of data. Anoto is currently in use across multiple business segments, e.g. healthcare, banking and finance, transportation and logistics and education. The Anoto Group has around 100 employees and is headquartered in Lund (Sweden). The company also has offices in Basingstoke and Wetherby (UK), Boston (US), Los Angeles (US) and Tokyo (Japan). The Anoto share is traded on the Small Cap list of NASDAQ OMX Stockholm under the ticker ANOT.

In person, the author (CESI) relatively recently attended this Redeye investor forum (Gothenburg, October 16):

http://www.redeye.se/webcast/investor-forum-14-oktober-anoto (VIDEO in Swedish, October 14)

The author CESI appreciated the CEO Stein Revelsby´s presentation and especially the following comments (depicted, edited and translated verbal comments from the link above):

“To be a share holder in Anoto has been equivalent to bad business, but we will not give up until we will deliver a success”

”Panasonic is not a small shit business…”

”in Los Angeles, we have frequent office visits by Dreamworks, Disney och Adobe and there we have positioned ourself amongst all the big players – this would not be possible working in/from Lund”

“We are totally dependent of choosing a partner (company) that has a well established market share. In this case, we only need one customer to secure a 10% market share. If we achieve that, business will be fantastic”.

Some additional interesting CEO comments in the most recent “red number Q3 Quarterly report” (of course, and as always, with a bullish CESI perspective). http://www.anoto.com/media/1546/anoto-quarterly-report-en-q3_14_final.pdf

“Revenues in the third quarter was MSEK 27.1 compared to MSEK 31.3 for the second quarter. Gross margin was 65% compared to 63% in the second quarter. Operating expenses were MSEK 34.7 in the third quarter compared to MSEK 36.8 in the second quarter. EBITDA was MSEK –20.7 compared to MSEK -17.3 in the second quarter. Cash flow for the quarter was MSEK -11.4, including MSEK 3.7 of net payment from the private placement in June/July and MSEK 2.8 from a short term loan in September. The 3rd quarter was another weak quarter with respect to sales for Anoto and we had to ask our shareholders for funding once again. The rights issue is guaranteed to 90% by a consortium of Swedish investors and will provide 68 MSEK in cash before transaction costs and fees to underwriters if fully subscribed. Despite a weak quarter we took another major step towards growth and profitability by developing a successful prototype for one of the world’s largest IT companies. The project is progressing well with the objective to launch a high end digital writing solution for displays in the second half of 2015. This follows a successful product launch with Panasonic which has opened up for new opportunities to become a digital writing platform for display manufacturers who are looking for high precision, easier integration with touch technologies, larger displays and the possibilities to use more than one pen per screen. The negotiations announced on June 19th about divesting our Business Solutions business was terminated in August. The purpose of the proposed transaction was to realize the full potential of the business solutions segment with a strategic partner to enable a stronger marketing and sales presence. However we did not come to agreement on price and decided instead to consolidate all our wholly owned digital paper based business solutions business into a separate business unit, Anoto Enterprise Solutions in the UK. Anoto Enterprise Solutions will continue to support customers in the UK and also Business Solutions partners world-wide. During the 3rd quarter several larger opportunities has evolved within healthcare, banking, insurance and field service in Germany, UK, Turkey and Japan. We continue to focus on costs and we did further adjustments to reduce OPEX in Q3 by deciding to close our office in Holland and move all Business Solutions related activities to the UK. We see further potential to reduce costs in 2015 but we are cautiously aware that we do not want to reduce the upside revenue potential of our business. Once the lease expires we will move the Swedish organization to a new office in Lund from September next year which will reduce the operating expenses.

OUTLOOK

Following Panasonic product launch and now significant interest from some of the world’s largest IT companies Anoto’s strategic direction will shift to capitalize on its unique position as the leading provider of high precision digital writing solutions for small as well as ultra-large screens and the rapidly increasing demand for collaboration solutions. Initial market focus will be on high end market segments where users demand high accuracy, fast and reliable interaction and multiple users per screen. Touch Display Research estimates that active digital pen shipments will surpass 90 million units this year and increase to more than 500 million pens in 2020. By working with some of the world’s leading brands we see a large opportunity to participate in this market. In the short term we expect a significant improvement in revenues in the coming two quarters both within Business Solutions from ongoing projects as well as within our OEM business with customers Livescribe, Smartmatic, Tstudy, Steelcase and others.

 

BUSINESS SOLUTIONS

Business Solutions focuses on systems, products and services that target businesses, primarily in the field of forms processing and data capture. The offering is Pen Solutions which includes solutions for creating a form in digital format, digital processing of handwritten forms and automatic generation of a digital version of a document with handwritten signatures and notes. Anoto has an indirect business model and markets its products through partners, such as system integrators, software developers and IT consulting firms, all of which offer customized solutions with Anoto technology to their customers. Net sales during the period were MSEK 66, which is MSEK 6 below net sales during the same period last year. We shipped approximately 3,000 pens to partners and customers within business solutions in this quarter. The negotiations announced on June 19 about divesting our Business Solutions business was terminated in August. We did not come to agreement on price and decided instead to consolidate all our wholly owned digital paper based business solutions business into a separate business unit, Anoto Enterprise Solutions in the UK. The potential transaction took significant management resources and attention which hurt our business. During the quarter we took immediate measures to reduce OPEX within business solutions by 5 MSEK on an annual basis, including a decision to close our sales office in Holland. Further optimization and cost reductions will be considered for 2015.

EMEA

There were no larger deals in the quarter. The pipeline looks strong for the coming two quarters especially in Germany and the UK. The Nursing Tech Fund 2 is expected to be announced before year end. The successful roll-out of 1,100 pens in combination with iPads to the large bank in Q2 has reached the industry press and more financial institutions are evaluating our solutions.

INDIA

Our business development efforts in India are paying off resulting in the first 100 pens of a roll-out in total of approximately 2,200 pens and Anoto Live Forms in the services sectors.

TECHNOLOGY LICENSING (OEM SALES)

Customers within Technology Licensing develop and sell products based on our intellectual property, software, and digital pen products. For many years, Anoto has licensed its technologies to providers of interactive classroom solutions as well as learning aids for children. Productivity tools, such as for note-taking and meeting productivity, are also long-established products in our Technology Licensing segment. Recently, Anoto has established two new application areas through partners: voting solutions and digital design automation. Voting solutions are based on our traditional digital paper technology, while digital design automation solutions help animators and designers unleash the creative power of digital writing with interactive touch displays.

Net sales during the period were MSEK 23, which is MSEK 7 lower than the same period last year.

In Q3 we delivered 5,000 pens to partner Steelcase for interactive whiteboard solutions and 5,000 pens to Tstudy China. Livescribe sold approximately 45,000 pens in the quarter. No significant deliveries were made to other OEM partners in the quarter. Anoto has ongoing discussions with new partners and has noticed a significant increase in interest for the company’s technology, especially in the wake of the company’s partnership with Panasonic. We invoiced the first Non Refundable Engineering contract for the successful development of a prototype for one of the world’s largest IT companies. The project is progressing well with the objective to launch a high end digital writing solution for displays in the second half of 2015.

C TECHNOLOGIES

C Technologies develops, manufactures and sells C-Pen®, a handheld scanner solution with character recognition software. The C-Pen captures printed information such as text, numbers and codes, decodes the information and transfers it to computers and smartphones. The products are made available through the C-Pen brand and as OEMbranded versions. Net sales during the period were MSEK 6 which is MSEK 1 higher than during the same period last year. The business was downsized during last year. C Technologies continues to sell its products to OEM customers as well as within select retail channels.

RISK FACTORS AND UNCERTAINTIES

At the close of the quarter, the group’s total cash amounted to MSEK 1.9 which is a decrease by MSEK 5.1 compared to year-end of 2013. Anoto’s current working capital is not sufficient for the Company’s needs for the next twelve months. The Company believes that if the Company’s earning capacity is not improved, the capital injection of up to SEK 68 million before costs from the rights issue is not sufficient to cover the estimated capital need. In that case, the Board intends to submit a proposal to issue new shares at a general meeting. Based upon this the Board believes that the financial statements shall be prepared applying the going concern principle*. The Convertible loan issued in June this year will mature at the end of February next year. Should full conversion take place there is a possible cash flow upside of up to 16.3 MSEK

*The going concern principle is the assumption that an entity will remain in business for the foreseeable future. Conversely, this means the entity will not be forced to halt operations and liquidate its assets in the near term at what may be very low fire-sale prices. By making this assumption, the accountant is justified in deferring the recognition of certain expenses until a later period, when the entity will presumably still be in business and using its assets in the most effective manner possible. http://www.accountingtools.com/going-concern-principle

Anoto Digital Pen solution for Education (Mars 29, 2014)

https://www.youtube.com/watch?v=VPTYWhFH7f8 (VIDEO)

Anoto Digital Pen solution for Healthcare Industry (Mars 29, 2014)

https://www.youtube.com/watch?v=pFNZtCmBPDc (VIDEO)

Anoto Digital Pen solution for Facilities Management (Mars 29, 2014)

https://www.youtube.com/watch?v=6SgDq8-Pfp4 (VIDEO)

Anoto Digital Pen solution for Pharmaceutical Industry (Mars 29, 2014)

https://www.youtube.com/watch?v=MYWSK-LFSpI (VIDEO)

Two weeks after the Gothenburg visit, the CEO Stein Revelsby presented at Investor forum in Stockholm:

https://www.youtube.com/watch?v=lKueuSnqWgE (VIDEO in Swedish, October 29)

…and then again in November 24…

http://www.redeye.se/webcast/technology-seminar-2014-anoto (VIDEO in Swedish, November 24)

ViktorWestman at http://www.redeye.se has recently published a very extensive high quality Anoto analysis:

http://www.redeye.se/analys/today/anoto-smartmatics-war-chest-increases-usd-140-million

In the link attached above, press the big red button for the full english version. It is well worth a read.

CESI concludes with an an Anoto commercial, a few selected full press releases and a few additional links:

https://www.youtube.com/watch?v=M6-DLge5Hes (VIDEO)

Press releases:

Anoto completes rights issue and secures funding of SEK 61.3m (Nasdaq OMX)

2014-11-13 08:30
Lund, November 13, 2014 — The subscription period in Anoto’s rights issue is now over and the rights issue was subscribed to 90 per cent, equivalent to SEK 61.3m. In the rights issue, 245,000,000 new shares were issued at a subscription price of SEK 0.25 per share, equivalent to SEK 61.3m. Shares for approximately SEK 43.4m have been subscribed for with preferential rights. In addition, shares for approximately SEK 2.9m have been subscribed for without preferential rights. The remaining SEK 14.9m was subscribed for by the underwriters of the rights issue. In total shares corresponding to 90 per cent of the rights issue were subscribed for, corresponding to SEK 61.3m The rights issue has increased the number of shares of Anoto by 245,000,000 shares to 698,353,534 shares. The capital of Anoto has simultaneously increased by SEK 4,900,000 to SEK 13,967,071. Shareholders subscribing with preferential rights have received BTA1 (paid subscription shares). Investors subscribing without preferential rights will receive BTA2 (paid subscription shares). Notice of allotment of shares subscribed for without preferential right will be distributed shortly. “With the funding secured we can now fully focus on the opportunities that lay ahead of us. Our recent deal with T-Systems clearly shows the momentum of our organisation and we are confident to reach new heights in the year to come.” says Stein Revelsby, CEO of Anoto.

T-Systems enhances signature capture solutions for Telekom Shop mbH in Germany with Anoto Live Pen 2 (Nasdaq OMX)

2014-11-06 08:30
Successful, easy and cost-efficient solution migrates to Virtual Desktop environment Lund, Sweden – 6 November 2014: Anoto, the world leader in digital writing technology, today announced that T-Systems has signed a contract to migrate the Group’s 800 Telekom Shops to Anoto’s recently released Live™ Pen 2 and Anoto Live™ software solutions as part of a program to move to a Virtual Desktop environment. Anoto Live™ digital writing solutions are at the core of the mobile plan contract signing and archiving solution at all Telekom Shops in Germany. Paper processes are streamlined and critical data is securely managed, improving efficiency across the enterprise whilst enhancing the customer experience. Customers signing up for service are required to sign contracts that must be securely captured and archived, in addition to supplying the customer with a copy of the agreement. Millions of forms are processed each year. In operation since 2008, Telekom Shop utilizes 5,000 digital pens and Anoto Live™ software solutions to process approximately 6 million pages per annum, and flawlessly handle 14 signatures and 166 views per minute. With Anoto Live™, Telekom customer’s enrolment forms are completed and signatures captured with an Anoto digital pen in the shops which is then transmitted to their data centre. Customer data is processed quickly and efficiently, often taking just minutes from signature to archiving. This solution eliminates scanning and postage costs, guarantees data security and confidentiality, and ensures customer contracts are always correctly signed and dated. The bottom line is that the Anoto digital writing solution has allowed Telekom Shop to cut contract printing by 50%. As part of a program to further streamline the business, the existing virtual working environments at the Telekom Shops are being migrated using most recent Citrix technologies. In order to support this new environment the existing Live Pen 1 software and hardware will also be migrated in order to support the new platform and communications protocols within the Citrix environment. “We are very excited to continue using the successful digital pen technology in our Telekom Shops.” said Dr. Wolfgang Weniger, Vice President Retail Processes and Systems of Telekom Shop Vertriebsgesellschaft mbH “. In addition to the significant cost savings, our employees are able to spend more time with customers and less time processing forms, increasing customer satisfaction. Applying the newest Anoto technology in our operations underlines our frontrunner position with new and innovative products.” “Digital pen technology can make a real difference to the way retail handles data and documents,” said Stein Revelsby, CEO of Anoto. “A highly dynamic operation like Telekom Shops handles a vast amount of documents daily where it is essential to capture and store customer signatures correctly. Many retail and logistics operations have the same requirement. Telekom Shops is a fantastic example of a successful organization which has adopted our technology resulting in dramatic cost savings, increased data security and customer satisfaction. This project confirms our commitment to bring value to our customers with existing and new products and services.”

Anoto Announces Order from Geeks Network (Nasdaq OMX)

2014-10-17 14:09
Lund, Sweden – 17 October 2014. Anoto, a global leader in digital writing solutions, is pleased to announce that it has received an order for a minimum of 1000 Anoto Live™ digital pens and the accompanying Anoto Live™ software from Geeks Network (P) Ltd. The order will be delivered in full before June 30th, 2015. The first shipment has already been made. Based in Chennai (India), Geeks is a rapidly growing young company that focuses on providing “Last Mile Consumer Support” solutions to its customers in the Food & Beverage, Hospitality, Healthcare and Public Services segments. After experimenting with several digital data capture methods, Geeks selected the Anoto solution as they were convinced it was the “best fit” for their particular requirements – from the perspectives of technology, ease of use, and economics. By using Anoto’s technology, Geeks’ analysis services to their customers will dramatically improve with much faster response times. ”Digital pen solutions is a robust alternative for data capture in the field or when there is a need for paper copies of business-critical documents,” said Stein Revelsby, CEO of Anoto. “We are pleased to see that our business development efforts in India that was initiated last year is starting to show results.”­­­ For further information, please contact: Stein Revelsby, CEO Tel. +46 (0)733 45 12 05 Anoto Group AB (publ.) Box 4106 SE-227 22 Lund Tel.: +46 46 540 12 00 http://www.anoto.com

Miscellanuous links:


Updated December 16, 2014: 

The advancing innovations and trends of voting technology

http://e-lected.blogspot.se/2014/11/the-advancing-innovations-and-trends-of.html


Updated December 16, 2014: 

Digital Pen Review

http://digital-pen-review.toptenreviews.com/


Anoto Digital Pen for Panasonic ToughPad 4K – Focus (September 7, 2013, VIDEO)

https://www.youtube.com/watch?v=-EHI1UdNLKQ

http://www.redeye.se/analys/report/anoto-redrawing-map-0

https://www.avanza.se/placera/redaktionellt/2014/12/09/potential-i-pyttebolag.html (December 9, in Swedish)

http://www.redeye.se/aktiebloggen/anoto/decenniets-turnaround-0 (December 8, 2014, in Swedish)

http://www.redeye.se/aktiebloggen/anoto/decenniets-turnaround (January 12, 2014, In Swedish)

https://fortune.com/2014/12/08/is-apples-next-product-the-stylus-steve-jobs-said-nobody-wanted/

Anoto – A decent risk reward? Time will tell…

Good luck Anoto!

Best regards, CESI

The author, Cutting Edge Science Invest, is currently an Anoto share holder. Cutting Edge Science Invest can not guarantee, or take into  accountability, the content of truth and accuracy of the information in this article/post.Thus, Cutting Edge Science Invest requires that a possible reader gather complimentary information if any type of investment in the company described above is considered. Cutting Edge Science Invest provides personally biased information and at best also “general information and opinions”. The article/post does not contain professional investment advice.