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Met@box reaches its first Technology License Agreement
Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Correction due to a translation error on behalf of the issuer:
In yesterday`s ad-hoc-announcement, 7:13 pm, the first sentence instead of: "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." it must read: "As per yesterdays general assembly Met@box AG of Hildesheim, Germany (MBX), developer of Set-Top-Boxes for interactive digital Television, has decided to change its business from being a manufacturer and distributor of such Set-Top- Boxes to the business of licensing its technology to others."
In the last sentence instead of: "The contract is effective as of November 1st, or once Met@box has withdrawn its filing for insolvency, whichever comes first." it must read: "The contract is effective as of November 1st, but becomes valid only once Met@box has withdrawn its filing for insolvency."
The complete corrected announcement is:
Met@box reaches its first Technology License Agreement
As per yesterdays general assembly Met@box AG of Hildesheim, Germany (MBX), developer of Set-Top-Boxes for interactive digital Television, has decided to change its business from being a manufacturer and distributor of such 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, but becomes valid only once Met@box has withdrawn its filing for insolvency.
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 01.11.2001 -------------------------------------------------------------------------------- WKN: 692 120; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
011255 Nov 01
Autor: import DGAP.DE (),12:59 01.11.2001
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