Bluehill ID AG
BLUEHILL ID AG TO ACQUIRE ARYGON TECHNOLOGIES
Bluehill ID AG / Acquisition Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- St. Gallen/Mainz, 31 October 2008 – Bluehill ID AG (Symbol BUQ.F/BUQ.DE; www.bluehill-id.com) announced today that it has entered into an agreement to acquire over 90% of RFID reader manufacturer Arygon Technologies AG (www.arygon.com). Arygon, headquartered in Mainz, Germany has been one of the pioneers in offering RFID reader products based on the Near Field Communication (NFC) technology. Arygon was founded in 2004. Arygon’s Managing Director Frank Steigberger said: 'I am pleased that we will be joining Bluehill ID as an industry focused player. We already have a strong working relationship with Scolis Technology within Bluehill ID and I have worked closely with Ayman and his Team for many years before.' Ayman S. Ashour, CEO of Bluehill ID, commented: 'Arygon has been a strong and very early supporter for NXP and the NFC technology. We plan to work closely with the Arygon Team to accelerate product development and to expand sales opportunities.' The transaction is targeted to close within the next 60 days About Arygon Technologies Arygon Technologies AG is first mover in NFC / Mifare RFID reader technology and project services. Argyon develops and produces Multi-ISO and NFC reader modules for Payment, Ticketing, Transport, Access, Industrial and NFC applications. Arygon also offers reader engineering services and supplies high-quality RFID cards, key fobs and writsbands to its customer base. Arygon pursues strategic partnerships and cooperates with major industry players and organizations. About Bluehill ID AG Bluehill ID AG is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Fabien B Nestmann Tel: +41 44 78 38 043 eMail: fbn@bluehill-id.com 02.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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