23rd May 2014 10:04
LONDON (Alliance News) - Toumaz Ltd, the low-power wireless semiconductor company, said Friday that trading in the year to date has been in line with its expectations.
Earlier this month, Toumaz said its wireless healthcare division, Sensium Healthcare, signed distribution agreements for its wireless vital signs monitoring system, in five Middle Eastern markets.
SensiumVitals is an ultra-low power system for wireless monitoring of patient vital signs, including heart rate, temperature and respiration. It takes measurements every two minutes, with the patient data then sent wirelessly and securely to clinicians via hospital IT systems.
The company said Friday that the most recent distribution agreement, for Italy, was signed this week.
"The interest shown in SensiumVitals from hospitals and distribution partners is encouraging. We are now in hospitals in the US and the UK, and feedback from these deployments is expected in the coming weeks," said Chief Executive Anthony Sethill in a statement.
Earlier this week, Toumaz said that its consumer audio division Frontier Silicon gained UK Digital Tick Mark technology approval. The Digital Tick Mark is part of the UK government's strategy to develop a digital future for radio. The aim of the Tick Mark is to give consumers confidence that digital radios are capable of receiving and playing DAB, DAB+ and FM signals.
Toumaz said it was granted approved technology status to solutions based on Frontier Silicon's two best-selling modules, which together have sold over six million units.
Toumaz said Friday that the development of its two next-generation silicon programmes for digital radio and connected audio are both progressing to plan, with first revenues for the digital radio division expected in the fourth quarter, and mid-2015 for connected audio.
Shares in the company were trading 1.6% higher at 4.70 pence Friday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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