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DGAP-Ad hoc
Met@box AG correction
DGAP-Ad hoc: Met@box AG correction
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.
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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or once Met@box has withdrawn its filing for insolvency, whichever comes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only once Met@box has withdrawn its filing for insolvency."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
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