HIWAVE TECHNOLOGIES PLC HiWave UK signs agreement with Nissha

HiWave Technologies plc (the "Company") is pleased to announce that its wholly owned subsidiary, HiWave Technologies (UK) Limited ("HiWave UK"), has signed an agreement (the "2012 Agreement") with Nissha Printing Co., Ltd ("Nissha") to set out new terms of contractual relationship between them.
The 2012 Agreement replaces all previous contractual arrangements between
HiWave UK and Nissha. The new agreement sets out a framework pursuant to which, amongst other things, HiWave will take responsibility for development and provision of transducers and controllers for haptics applications. HiWave UK has agreed to license previously licensed and assigned patents to Nissha on a non-exclusive basis on condition that Nissha uses HiWave haptic components. The patents that are the subject matter of the 2012 Agreement constitute any and all patents that have previously been assigned or licensed to Nissha.
HiWave intends to continue strengthening its portfolio of intellectual property in the field of haptics through further patent filings, and to deploy its technology in its target market sectors on an unrestricted basis.

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HiWave UK signs agreement with Nissha