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Amphion’s DataTern signs more deals; Richard Morgan relinquishes chairmanship, remains CEO

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Amphion Innovations PLC (LON:AMP) said its DataTern subsidiary has agreed further licenses involving two US patents and that non executive director James Macaleer will take over as chairman from Richard Morgan as of May 1 2011.

The latest DataTern deals generate total revenues of US$665,000. Since inception in 2008, the business has generated total revenues of approximately US$17 million by signing licenses with companies from the financial, credit card, retail, leisure, healthcare, airline, e-commerce, oil and gas, insurance, and software industries. 

Richard Morgan, who continues as Amphion chief executive, said: "DataTern continues to make progress.  We continue to have confidence in the quality of the patents owned by DataTern and we are very active in seeking additional licensees to this important technology.  In parallel we continue to look for ways to improve the economics of the programme in order to maximize cash flow and ensure a good return on investment over the next few years."

Amphion builds shareholder value in high growth companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK.

Amphion has significant shareholding in eight partner companies developing proven technologies targeting substantial commercial marketplaces, each in excess of US$1 billion.
Each partner company is chosen with the goal of achieving an exit valuation in excess of US$100 million. The partner companies collectively own or control over 200 separately identified pieces of intellectual property, a number that grows rapidly each year.

Quick facts: Amphion Innovations PLC

Price: 0.15 GBX

AIM:AMP
Market: AIM
Market Cap: £314.96 k
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