Flat panel speaker firm NXT NTX.L said on Monday it signed a three-year licensing agreement with Japan's Nissha Printing Co (7915.T) for its technology to be applied in certain small touch-screen applications, sending its shares up 21 percent.
NXT said Nissha, which makes decorative films and touch panels, will pay it $1.8 million (1.2 million pounds) upfront for the licence to use its haptic and associated bending wave technology, and royalties on the sale of relevant products thereafter.
The companies' development engineers will collaborate to commercialise the technology, NXT said.
The term of the licence can be extended in December, 2011, with both the companies' consent, NXT said in a statement.
At 8:24 a.m., NXT shares were up 21 percent at 8.63 pence.
(Reporting by Usman Merchant in Bangalore; Editing by Pratish Narayanan)
BEIJING Alibaba Cloud plans to open four new data facilities outside China, the cloud unit of Alibaba Holdings Ltd said on Monday, as it seeks to grab global market share from leading players Amazon.com Inc and Microsoft.
LONDON Facebook said it would expand its presence in Britain by 50 percent in 2017, joining other U.S. technology firms in increasing investment despite the uncertainty sparked by the country's vote to leave the European Union.
LONDON Ireland's Data Protection Commissioner (DPC) said on Monday it was trying to ascertain if Yahoo! Inc's decision to scan clients' email accounts at the behest of the U.S. authorities last year broke European law.