Toumaz enters partnership

Toumaz Technology has entered into a strategic development and distribution alliance with an unnamed global medical devices business.

The alliance is intended to allow the two companies to develop handheld and body worn wireless diagnostic and monitoring products incorporating Toumaz Amx technology and its Sensium platform. The alliance hopes to produce disposable, non-invasive monitoring products providing real time critical vital sign information.

Toumaz will receive funds from its strategic partner for further development work. The company will retain all the background intellectual property relating to its Amx platform and will be entitled to explore further revenue streams for the technology, outside of the field of use being exploited with its strategic partner.

The strategic partner has committed to provide funding for regulatory approvals, global manufacturing, product marketing, sales and distribution.

‘The establishment of this alliance is a very positive development for Toumaz,’ said Chris Toumazou, chairman of Toumaz. ‘We now have the opportunity to provide end to end solutions in the personalised healthcare space. This has been a key strategic goal of the business that we now believe is deliverable.’