Met@box AG
Met@box AG english
Met@box reaches its first Technology License Agreement
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Met@box reaches its first Technology License Agreement
As per yesterdays general assembly Met@box AG of Hildesheim, Germany (MBX), has
decided to change its business from being a developer, manufacturer and
distributor of Set-Top-Boxes to the business of licensing its technology to
others. Today, Met@box has entered into the first Technology License Agreement.
Dragon Electronics cc from Johannesburg, South Africa, has signed such an
Agreement for the Africas excluding French-speaking countries, with a first term
of three years. After having intensively tested the box in the last weeks,
Dragon will have exclusive rights to manufacture the technologies for
interactive digital Television, with a producer of its choice and distribute
the boxes in the contractual countries. The initial license fee will exceed 1
Mill DEM plus royalties per unit. Before the first payment, Dragon will finalize
its relationship to a fixed-line and satellite operator. Dragon plans to deploy
first units in approximately six months. At this time, Met@box will receive the
remainder to the full amount of the license fee. The contract is effective as
of November 1st, or once Met@box has withdrawn its filing for insolvency,
whichever comes first.
For further information:
Melanie Hoffmann
Met@box AG
Tel: +49 (0) 5121/75 33-116
Fax +49 (0) 5121/75 33 75
E-Mail: hoffmann@metabox.de
end of ad-hoc-announcement (c)DGAP 31.10.2001
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WKN: 692 120; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
311913 Okt 01
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