Enea AB: Enea Extends Royalty Agreement Worth 1.275 MUSD
Enea (STO:ENEA) (NASDAQ OMX Nordic:ENEA) has signed a royalty agreement with an existing US telecom customer operating in the field of public safety communications. Today's agreement, worth 1.275 MUSD (9 MSEK) is an extension of a previous royalty agreement for the operating system Enea OSE. In addition, it gives the customer access to Enea's multicore technology. Royalty is based on the number of sold units, but with some customers Enea signs royalty agreements based on an estimated number of sold units instead of the subsequently reported number of sold units.
“This agreement is beneficial for both parties.”, said Anders Lidbeck, President and CEO of Enea. “The customer will benefit from a more predictable cost and simplified reporting. We will benefit from prepaid and more predictable revenues. At the same time we keep the opportunity for increased revenues going forward as the contract is capped, after which adjusted pricing is implemented.”
Enea is a global software and services company focused on solutions for communication-driven products. With 40 years of experience Enea is a world leader in the development of software platforms with extreme demands on high-availability and performance. Enea's expertise in real-time operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. Enea's vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia. Enea is listed on Nasdaq OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at email@example.com.
Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Lite, Enea® dSPEED Platform, Enea® System Manager, Accelerating Network Convergence(TM), Device Software Optimized(TM) and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2012.
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