Zi Corporation announced that Sony Ericsson has agreed to significantly expand its existing licensing relationship with the company.
The new arrangement is expected to generate multi-million dollars in revenues for Zi Corporation over the remainder of the contract, representing an approximate increase of 33% in revenues per year from shipments of Zi's predictive text software under this relationship, when compared to the previous year of this agreement.
Also, the new arrangement will result in an approximate increase of over 80% for such revenues in the second half of 2008, when compared to the first half of 2008.
Under the terms of the new arrangement, Zi Corporation will continue supplying Sony Ericsson with both predictive text and handwriting recognition technology.
Zi products are featured on more than 1000 different handset models and implemented across most technology platforms in the market today.