Sony Ericsson Extends Predictive Text Contract

Zi Corp says that it has expand its existing licensing relationship with Sony Ericsson. The new arrangement is expected to generate multi-million dollars in revenues for Zi over the remainder of the contract, representing an approximate increase of 33% in revenues per year from shipments of ZiÃ's predictive text software under this relationship, when compared to the previous year of this agreement.

Also, the new arrangement will result in an approximate increase of over 80% for such revenues in the second half of 2008, when compared to the first half of 2008.

Commenting on the transaction, Milos Djokovic, President and Chief Executive Officer of Zi Corporation, stated, "Sony Ericsson has demonstrated their commitment to offer a broad range of world class handsets that both simplify and enrich the wireless communication experience of their consumers. Sony EricssonÃ's choice of Zi as their primary user input technology partner further validates our technology leadership. It is a pleasure for us to report on the continuation and the expansion of our relationship with this industry leader."

Under the terms of the new arrangement, Zi Corporation will continue supplying Sony Ericsson with both predictive text and handwriting recognition technology.

Posted to the site on 15th September 2008