INN Innovision Res.

RNS Number:2437J
Innovision Research&Technology PLC
30 August 2001

                     Innovision Research & Technology plc



                                AGM Statement



Today at the AGM of Innovision Research & Technology, the electronics
technology solutions provider, Barton Clarke CBE, Chairman, made the following
statement:



"Following my statement in the annual report, I would like to give
shareholders a further update on progress:



We continue to drive forward the strategy of the company as set out at the
time of flotation.  To this end, we have invested in the people and skills
required within the business, with staff numbers now standing at 54 people (up
42% since flotation).  Key amongst these appointments are Dr Bruce Smith CBE,
who joined the Board as a Non-Executive Director in July and the very recent
appointment of Trevor Crotch-Harvey to head up our Datalabel activities.  Dr
Smith's appointment, fulfilling our prospectus commitment, brings both proven
business experience and unrivalled research contacts to the Company. Trevor
Crotch-Harvey joins us from Motorola where he headed up their Europe, Middle
East and Africa Smartcard and RFID sales operations, and was responsible for
over $30million of new business in 2 years.



Good progress continues to be made in advancing discussions on further licence
agreements in all areas of the business.  We have recently signed a further
DataLabel Evaluation licence with a US healthcare system company and signed
heads of agreement on another non-toy licence.  Progress continues with all
existing evaluation licenses, indeed we have now moved to initial prototype
delivery on most such licences.  At this stage last year we were working on 20
active concepts. This figure now stands in excess of 100, including many for
blue chip companies and will represent a significant diversification of our
customer base.



The QinetiQ (formally DERA) commercialisation agreement, signed in early 2001,
has already resulted in a number of potential areas of mutual interest being
identified, we are working closely with the QinetiQ team to move these
projects forward.  We have, however, decided not to renew the research
evaluation license with Domain Dynamics as we feel our R&D resources are
better utilised on more commercial opportunities.



Earlier this year, the Uniform Coding Council (UCC), the major body
responsible for global barcode standards, released a draft Global Standard
(G-TAG) for RFID tags. A final standard document is now expected this Autumn.
We are already making good progress in establishing a route forward and
developing third party relationships to exploit the future potential new
product opportunities arising from this standard.



Overall, I remain confident that Innovision is continuing to make good
progress in its strategy and in developing its growth potential."



                                                                30 August 2001

Enquiries:


Innovision Research & Technology plc                 Tel: 0118 936 6311
Marc Borrett, Chief Executive
Mike Wroe, Finance Director

College Hill                                         Tel: 020 7457 2020
Matthew Smallwood

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