Global Graphics PLC (Euronext: GLOG) announces that it has, through its subsidiary URW Type Foundry GmbH (“URW”), signed a contract and received acceptance for a fully paid up, perpetual license for its font technology.
The net benefit to the Group for the financial year ending 31 December 2018 is expected to be approximately EUR 0.9 million No significant revenue is expected in future years from this contract due to the perpetual license that has been granted, however, non-material revenue, consistent with maintenance arrangements in this type of contract, will be recognised over the following 5 years for support and maintenance services provided by URW.
This is an exceptional contract for URW and is not expected to be repeated.
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Mr Graeme Huttley/Global Graphics