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03 February 2012
A Cardiff University spin-out company which develops radio frequency equipment and device measurement to the semiconductor industry has secured $1.25M in sales of its technology.
Mesuro's technology has been developed as a result of over a decade’s research at the Cardiff the School of Engineering’s High Frequency and Communications Engineering Research Group.
Richard Emsley, CEO of Mesuro, said: "These sales, which have been made to three global customers, all of whom cannot be disclosed for commercial reasons, demonstrate the huge potential of Mesuro’s Radio Frequency (RF) technology, which enables device manufacturers to obtain the very highest performance from their designs, maximise device efficiency, reduce power consumption and decrease time to market.
"We look forward to accelerating the growth of the company in 2012."
Fusion IP was established in 2002 to commercialise university-generated intellectual property.
In January 2007, Fusion completed a ten year exclusive agreement with Cardiff University, also giving it the right to commercialise (through the creation of spin-out companies) Cardiff University's research-generated IP.
Fusion has significant shareholdings in a portfolio of Cardiff University spin-out companies including Mesuro, Asalus and MedaPhor.
David Baynes, CEO of Fusion IP, commented: "Mesuro is in a transformational year and these sales should be a stepping stone for the company to secure significant sales in 2012."
Ann Casey, Investment Executive at investor Finance Wales, commented: "These new contracts are excellent news and a perfect start to 2012 for Mesuro.
"They represent a big step forward for the company and prove there is a significant market for Mesuro’s innovative technology. We’re looking forward to seeing Mesuro’s order book continue to grow during the year."
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