• Contracts signed with major semiconductor companies selling to the mobile handset and other consumer markets, which endorses the IP, skills and knowledge that Innovision has built up
• Several new projects progressed to prototype design - one integrating NFC with Bluetooth and two others offering advanced multi-frequency RFID solutions
• Recruitment of more than 20 people, primarily new IC and software designers, and further investment in industry-standard design tools to create one of the largest dedicated NFC engineering design teams in the industry
• Innovision's Topaz? mandated by the NFC Forum as the number one NFC tag type format

"We are seeing increasing prominence and importance being placed on NFC and RFID," according to Innovision Research & Technology's CEO, David Wollen .

"Mobile operators, for example, are seeing NFC as part of their future requirements and mobile handset manufacturers are identifying NFC on their product roadmaps, while numerous trials are underway for contactless payments and smart ticketing - all areas we are heavily involved in. All the signs are there that NFC-enabled consumer devices will be shipping in the next few years, so right now it's a very important time to be in this marketplace and we're excited about the future."

About Innovision Research & Technology plc
Innovision Research & technology plc, is leading the next generation of NFC/RFID solutions. As the leading fabless developer of Short-Range Data Communication semiconductor and system solutions, with particular focus on NFC/RFID (Radio Frequency Identification) and ultra low-cost Integrated Circuit (IC) and RF electronic design, IRT is pushing cost performance to enable clients to get maximum utility for minimum cost.

The company develops innovative semiconductor technologies, ICs, RF systems (HF/UHF) and complete end product applications for mass volume commercialisation and then licenses customers for its incorporation into their own products.

At the heart of the emerging Near Field Communication (NFC) market, Innovision R&T designs and develops NFC/RFID IC solutions for the global mobile handset and consumer device sectors.

Products include Topaz, mandated by the NFC Forum as the NFC number one tag type format, Jewel for mass transit ticketing applications, and io, the world's smallest standards compatible Near-Field RFID reader.

Headquartered in the UK , Innovision R&T was listed in 2001 on the Alternative Investment Market (AIM) of the London Stock Exchange (ticker symbol: INN ).