Ad-hoc | 4 May 2004 17:05

GlobalWare sells comprehensive developer license

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– GlobalWare sells comprehensive developer license Eisenach, May 4, 2004 – The technology corporation GlobalWare AG has sold a comprehensive developer license for the LOGOS technology to Net2Voice amounting to 2.65 million Euros. The company, headquartered in McLean, Virginia, develops and markets multilingual speech based software solutions for multi-media, internet and telephone applications in addition to translation technologies and speech recognition modules based on transfer systems. The purpose of the acquisition of the developer license is the integration of the data bases and rule based systems into the information acquisition and translation technologies developed by Net2Voice and connected companies. The developer license allows access to the comprehensive European dictionary data bases. The Intellectual Property for the Logos Technology remains with the GlobalWare Group. Furthermore, Net2Voice and GlobalWare have agreed to share profits whereby the seller will receive 80% and the contract partner 20% of the license fees realized from the sale of Logos System based solutions. The license agreement includes additional arrangements. The GlobalWare Group will profit from the continued developments Net2Voice makes to the technology. The agreement stipulates that the contract partners consult regarding the continued development and keep one another informed about the current status on a regular basis. Furthermore, both GlobalWare and Net2Voice have access to the new developments which are based on the Logos Technology. Using this technology they plan the development of new business areas such as semantic SPAM filter solutions (filters based on the content of an email) as well as the joint marketing of the solutions. The purchase contract specifies that within the framework of a nine-month evaluation phase initially the possible applications are to be tested and evaluated in current and new product lines. Based on the results (quality and performance) a decision will be made on future procedures. Due to the highly- complex language technology relationships which can only be evaluated empirically, the parties have also included a discontinuance clause for the project in the agreement. The stipulated consideration will be due following the successful conclusion of the project. Logos Technology The Logos Technology enables a fast and high quality machine translation of documents in electronic format. The adaptive software also can adequately interpret and then translate terminology terms from varied fields. Contact: GlobalWare AG Kirstin Fischer Hospitalstraße 6, 99817 Eisenach Tel.: +49-3691-7353-0 Fax: +49-661-964299-619 e-mail: kfischer@globalware.ag http://www.globalware.ag end of ad-hoc-announcement (c)DGAP 04.05.2004 ——————————————————————————– WKN: 510450; ISIN: DE0005104509; Index: Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, München und Stuttgart 041705 Mai 04