30th Oct 2014 10:49
LONDON (Alliance News) - Allied Minds PLC on Thursday said it has agreed a worldwide licensing deal with Columbia University which has resulted in the creation of a new subsidiary, Seamless Devices Inc.
The new unit will develop applications for analogue signal processing, based on technology developed at Columbia.
"This new processing technique will enable the development of innovative devices with higher performance, lower power consumption, and smaller sizes," said Chris Silva, Chief Executive Officer of Allied Minds.
Allied Minds shares were trading flat at 270 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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