- Amphion Innovations' wholly-owned subsidiary DataTern has agreed further licences involving its US Patents 6,101,502 and 5,937,402, generating total revenues of $665,000.

Since inception in 2008, DataTern has generated total revenues of approximately $17m by signing licences with companies from the financial, credit card, retail, leisure, healthcare, airline, e-commerce, oil and gas, insurance, and software industries.

Amphion CEO Richard Morgan said: "DataTern continues to make progress.

"We continue to have confidence in the quality of the patents owned by DataTern and we are very active in seeking additional licensees to this important technology.

"In parallel we continue to look for ways to improve the economics of the programme in order to maximize cash flow and ensure a good return on investment over the next few years."

At 8:52am: [LON:AMP] share price was +0.01p at 4.38p

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