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Frost & Sullivan Bestows European Care Management Systems Industry Innovation and Advancement Award on Anoto Group AB

Thursday, October 15, 2009 General News J E 4
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LONDON, Oct. 13 The 2009 Frost & Sullivan European Care Management Systems Industry Innovation and Advancement Award is presented to Anoto Group AB (Anoto) for pioneering the first commercial Digital Pen and Paper (DPP) technology. This innovative technology has already begun to carve a niche for itself in the field of healthcare electronic data capture workflow.

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Digital pen and paper works almost like a normal pen and paper, thereby facilitating change management. It enables fast and reliable transmission of handwritten text into a digital format. In the healthcare space this technology is increasingly being deployed within home and social care, emergency care, hospital environments and pharma.

Over the years this technology has been adopted by several leading IT vendors around the world. Low implementation and maintenance costs as well as user friendliness have supported the strong entry of Anoto's digital pen and paper technology into the US, UK and APAC region.

"The technology has enabled the healthcare sector to save time and money while improving quality and patient safety," notes Frost & Sullivan Research Analyst S.Priyan. "It not only makes data capture easy and effective without compromising on the quality of the process, but it also increases the value of healthcare delivery by reducing the risk of error, improving productivity and ensuring noticeable cost savings."

Digital pen and paper electronically captures and saves handwritten medical data such as patient information, prescriptions and so on. This saves a lot of time for healthcare staff who do not have to re-type in information onto their systems, while also helping reduce the number of errors that occur while the data is being entered into the systems.

"The digital pen helps healthcare staff eliminate multiple data-entry and lost charts," adds Priyan. "The attached processing software automatically verifies that the data - including mandatory data such as physician's signature and insurance details - is comprehensive enough for billing purposes."

Existing Electronic Data Capture (EDC) techniques such as laptops, PDAs or Tablet PCs require a significant amount of training and practice that costs time and money. In contrast, digital pen and paper requires less than an hour of training and no significant practice. Field staff can undertake accurate, non-redundant transcription of data without having to carry laptops or PDAs during field visits. Captured data can be transferred instantly and validated and necessary action taken.

"Digital pen and paper technology is nearly four times less expensive than deploying laptops or tablet PCs," remarks Priyan. "In addition to healthcare, digital pen and paper simplifies administrative routines and documentation, thus assuring the quality of interventions in healthcare and clinical trials sectors."

The Frost & Sullivan Award for Industry Innovation & Advancement is bestowed upon the company that has proven to be a leader in the industry and that, through its pioneering technology, sound business strategy, and research efforts, has been successful in moving the state of the industry forward. Its excellence in the field has extended beyond its technical advancements and encompasses a comprehensive view of market participants, resulting in an ongoing improvement in the industry over time. This Award recognises the company for its broader, more comprehensive participation in the industry and for its contributions to the advancement of the market.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Anoto Group

Anoto Group is the company behind and world leader in the unique technology for digital pen and paper, which enables fast and reliable conversion of handwritten text into digital format. Anoto operates through a global partner network that focuses on user-friendly forms solutions for efficient capture, transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group has around 110 employees, offices in Lund (head office), Boston and Tokyo. The Anoto share is listed on NASDAQ OMX Nordic small cap list under the ticker ANOT. For more information: www.anoto.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Contact: Catherine Brassell Best Practices, Frost & Sullivan catherine.brassell@frost.com P: +44.207.915.7867

SOURCE Frost & Sullivan
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