Toumaz Limited Completes Acquisition of Frontier Silicon
Anthony Sethill, CEO of Toumaz, commented:
“Bringing these two innovative UK technology companies together is a very exciting event. Toumaz’s wireless solutions have huge potential and combined with the software systems, commercial expertise and customer access of Frontier, we will create a leading provider of wireless semi-conductor solutions. These target the healthcare, sport and fitness and consumer electronics sectors, together with our strategic technology partner and shareholder, Imagination Technologies PLC.
“The new enlarged Group is already the global leader in digital radio solutions, having shipped over 17 million chip sets to date. This market will continue to expand as more territories adopt digital radio and will be further enhanced by the availability of new lower cost, higher performance chipsets, making digital radio more accessible.
“Our professional healthcare offering continues to be a key focus for the group with clear market needs to be addressed. Up to 87% of hospitals in the US have stated an interest in installing wireless monitoring technology in the next two to five years* and our healthcare product aims to be a key driver in the evolution of healthcare monitoring. The Toumaz “Sensium Vitals” monitoring solution has FDA approval and will shortly start pilots in the US.
“By 2016, the global market for wireless sports and fitness monitoring devices is forecast at 120m units** and the opportunity to leverage our healthcare capabilities into the consumer arena is significant.”