Stockholm October 3, 2022 – Anoto Group AB (publ) (“Anoto”) publicizes that it has entered into a manufacturing agreement with SMAC (Smart Mobile Application Company), a South Korea primarily based manufacturing firm that engages within the growth and manufacturing of contact and key modules for wi-fi communication gadgets. Its merchandise are utilized in cell phones, tablets, and laptops/AIOs, in addition to in automotive and different functions. SMAC will probably be producing all Anoto and Livescribe pens beginning October 1, 2022. In addition to its Korean factories, SMAC additionally has manufacturing services in Vietnam with greater than 1,000 workers.
“With this contract, Anoto will be free from manufacturing issues such as procurement, managing yields, quality control of hardware, and even scaling of production. SMAC is capable of producing more than 100,000 pens a month, in case we need to scale up our production level. Also, this is going to alleviate working capital issues as Anoto no longer has to buy components up front,” says Joonhee Won, CEO of Anoto Group AB.
For additional info, please contact:
Joonhee Won, CEO, Anoto Group AB (publ)
For extra details about Anoto, please go to www.anoto.com or e mail [email protected]
Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm
This info was submitted for publication, by way of the company of the contact particular person set out above, on 3 October 2022 at 08:00 CET.
About Anoto Group
Anoto is a publicly held Swedish know-how firm recognized globally for innovation within the space of information-rich patterns and the optical recognition of these patterns. It is a chief in digital writing and drawing options, having traditionally used its proprietary know-how to develop smartpens and associated software program. These smartpens enrich the day by day lives of hundreds of thousands of individuals all over the world. Anoto at the moment has three principal business strains: Livescribe retail, Enterprise Forms and OEM. Anoto additionally owns Knowledge AI, a main AI primarily based training resolution firm, as its majority-controlled subsidiary. Anoto is traded on the Small Cap checklist of Nasdaq Stockholm beneath ANOT.
