Vision Group PLC - Joint Venture
August 21 1998 - 3:30AM
UK Regulatory
RNS No 9295x
VISION GROUP PLC
21st August 1998
VISION GROUP PLC
VISION AND SIEMENS TO JOINTLY MARKET CMOS SENSORS
On March 6, 1998, following a sharp increase in its share
price, VISION Group plc ("VISION" or "the Company") was
required to announce that it was holding discussions regarding
the formation of commercial alliances which included the
possibility of an offer for the Company.
Following these discussions the Company is pleased to announce
that it is negotiating an agreement with Siemens AG
("Siemens") whereby VISION and Siemens will jointly market
VISION's CMOS image sensors on a worldwide basis.
This agreement will cover a wide range of markets including
the emerging desktop videoconferencing market, and the digital
still camera market where the companies are already engaged in
collaborative development. It is anticipated that further
collaboration on systems development for specific applications
could follow.
These discussions do not involve an offer for the Company and
no other such discussions are ongoing.
For further information, please contact :
Peter Denyer, Managing Director;
Roy Warrender, Commercial Director;
or Colin Grant, Finance Director on 0131-539 7111
Steve Liebmann or Lisa Baderoon at Buchanan Communication on
0171-466 5000
END
JVENFPPEAEDPEFN
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