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Xaar Signs First Licence in USA, Won’t Say Who

Tuesday, January 02, 2001

Press release from the issuing company

Xaar plc (“Xaar”), the Cambridge-based inkjet printing technology group, has today announced that it has signed a special licence agreement with a US corporation . This is Xaar’s first licence agreement in the US. The agreement covers a limited number of Xaar patents and is focused on industrial printing applications. Although the terms of the licence and the identity of the licensee cannot be disclosed under the terms of the contract, the licence fee will contribute towards the results for the year to 31 December 2000. Xaar now has 11 licensees for its ink jet printing technology including large corporations in Japan, Europe and the USA. Jan Fineman, Chief Executive of Xaar said “This licence represents an important step for Xaar as it extends the opportunities for our technology to become more widely used in the important US market. It marks a very encouraging conclusion to a year of significant progress for Xaar.”

 

 

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