LONDON — Low power wireless monitoring chip specialist Toumaz Technology (Abingdon, England) has signed a licensing and distribution agreement with Texas Instruments.
Financial details were not disclosed.
With the deal, Toumaz gains access to Texas Instruments' design, process and manufacturing capabilities as well as have an opportunity to use its sales channels.
In November 2007, Toumaz said it struck what it called a "strategic development and distribution alliance" with an un-named leading global medical devices business.
At the time, Toumaz, a subsidiary of Nanoscience, said the partnership would "develop agreed solutions, incorporating Toumaz's Amx technology and its Sensium platform that will be sold into global healthcare markets with the objective of becoming global leaders in handheld and body worn wireless diagnostic and monitoring products."
Toumaz stresses this is a separate deal not related to the partnership outlined late November 2007, and that progress on that licensing arrangement should be outlined within a few days.
Commenting on the deal with TI announced Tuesday (March 18) Guy Spelman, CEO of Nanoscience said: "This is an important relationship for Toumaz and reflects the continued progress the business is making and we look forward to working with such a quality business in the future."
