Toumaz to establish a Wireless Semiconductor Subsidiary

Published:2012/1/4 1:04:00 Author:Phyllis From:SeekIC

Toumaz Ltd., a wireless communications technology firm, said it established a wireless semiconductor subsidiary to split the company into two distinct entities. One of them will focus on the company’s established healthcare products and technologies and the other to be responsible for its growing wireless IC business.

Named Toumaz Microsystems, Imagination Technologies Group plc is also an investor in the fabless susidiary. Imagination invested 5 million pounds in the form of cash, hardware and software technologies and supportive engineering resources. In exchange, Imagination will own 25 percent of Toumaz Microsystems, with Toumaz owning the remaining 75 percent.

The company made this decision was to strengthen the focus of the company’s healthcare and semiconductor divisions. Toumaz UK will cover health technology and solutions, while Toumaz Microsystems will provide ICs for low power wireless communication.

Toumaz Microsystems will focus on the design, development and sale of semiconductor chips and solutions for the embedded wireless connectivity market addressing the opportunities in a wide range of internet connected devices include home and enterprise automation, healthcare, smart power, security/monitoring systems, intelligent toys and other connectivity-centric cloud-enabled systems.

Toumaz’s IC design team and related assets have already moved to the subsidiary and its chip businesses and ultra-low power radio IP with licenses of further IP will be transferred to Toumaz Microsystems soon. The subsidiary will focus on developing a new multi-standard connectivity chip, an ultra-low power radio receiver and transmitter chip incorporating the new IEEE standard 802.15.6 and other relevant standards. It will be one of the first chips to be based on this new standard and will specifically target Body Area Networks and a range of low-power domestic consumer wireless sensor applications.

The establishment of Toumaz Microsystems is a logical step for Toumaz Ltd.

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