philips cartridge engineer - closes 12/5/2013, page-3

If Philips build it, will ADO come?



PAID POINT OF CARE PROJECT l

A second paid project with POC 1 commenced on 13th March. It is envisaged that the objectives agreed in this collaborative project will take 12 months to achieve and will require Anteo scientists to work in a European laboratory for a period.

We have agreed that both parties will work in good faith to strike mutually acceptable terms, for payments to Anteo on commercial launch of the new device, by June.

Our current work is being undertaken on a risk sharing basis with a view to enhancing returns on successful commercialization of the resulting product.