Neotion gets E6m boost

MPEG-4 technology specialist Neotion has received a capital injection of E6 million. The prime investor is General Satellite Corporation (GSC), a fast-growing digital television receiver manufacturer. GSC has a strong presence in what Neotion describes as Strategic Emerging Markets where MPEG-4 is set to spread rapidly, including Europe, Eastern Europe and Russia, where the positioning of GSC is seen as a crucial asset.

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