KAIT enters into an settlement with a metaverse firm to

Stockholm, 31 October 2022 – Anoto Group AB (publ) (“Anoto”) publicizes as we speak that its training subsidiary Information AI Inc. (“KAIT”) has agreed to working with the metaverse firm Grid, http://www.gridinc.com/, to transform internet primarily based AI Tutor right into a metaverse platform. Grid is a Korean firm owned by AIITONE (previously Soltworks), the most important shareholder of Anoto Group and one of many main metaverse firms. The preliminary model can be out there in December and can be in industrial manufacturing beginning January 2023.

“KAIT is always concerned about increasing student motivation. Its AI Tutor offered in metaverse format will attract students to spend time in the education metaverse. It is going to have a study room where students can study individually, a group study room for collaboration, and a virtual classroom where teachers can meet their students remotely in a metaverse. Collaboration with Grid is a win-win situation as we do not have to spend time and resources to develop our own metaverse, while Grid can benefit from the students on the KAIT platform,” says Joonhee Gained, CEO of Anoto.

For additional data, please contact:

Joonhee Gained, CEO, Anoto Group AB (publ)

For extra details about Anoto, please go to www.anoto.com or electronic mail ir@anoto.com

Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm

This data is data that Anoto Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The data was submitted for publication, by means of the company of the contact individual set out above, on 31 October 2022 at 08:00 CET.

About Anoto Group

Anoto is a publicly held Swedish know-how firm identified globally for innovation within the space of information-rich patterns and the optical recognition of these patterns. It’s a chief in digital writing and drawing options, having traditionally used its proprietary know-how to develop smartpens and associated software program. These smartpens enrich the every day lives of hundreds of thousands of individuals around the globe. Anoto presently has three foremost enterprise strains: Livescribe retail, Enterprise Types and OEM. Anoto additionally owns Information AI, a number one AI primarily based training answer firm, as its majority-controlled subsidiary. Anoto is traded on the Small Cap checklist of Nasdaq Stockholm underneath ANOT.