Product category:
Switches and Keyboards
News Release from: InPlay Technologies, Duraswitch Division
Edited by the Electronicstalk Editorial
Team on 27 January 2003
Utek to headhunt technology for
Duraswitch
Duraswitch Industries and Utek Corp have signed a strategic alliance agreement.
Duraswitch Industries and Utek Corp have signed a strategic alliance agreement The goal of the alliance is to have Utek identify unique technology acquisition opportunities for Duraswitch and when appropriate, use its U2B model to enable Duraswitch to acquire licenses to these technologies in exchange for stock
This article was originally published on Electronicstalk on 30 Apr 2003 at 8.00am (UK)
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According to Bob Brilon, President and CEO of Duraswitch, "Duraswitch has built a scalable licensing infrastructure.
We see this alliance as an opportunity to leverage our existing network of licensees by offering additional new technologies that can be commercialised through one, or many, of our licensed manufacturers and strategic technology partners".
Duraswitch's licensee network spans the globe, including the USA, Canada, Europe, and Southeast Asia, offering a diverse range of manufacturing capabilities and broad base of customer relationships.
"Expansion of our technology portfolio through Utek's established relationships with research organisations and universities offers exciting growth potential for Duraswitch", Brilon continued.
Utek creates value for universities and laboratory research centres by finding, acquiring and transferring university intellectual capital to commercial partners.
Technology firms benefit from having the opportunity to commercialise new technologies developed outside their organisations by universities and government laboratories.
"Utek looks forward to working with Duraswitch to identify technology acquisition opportunities that fit their strategic vision", commented Clifford M Gross, PhD, Chief Executive Officer of Utek Corp.
"Duraswitch's technology licensing strategy allows us to evaluate available technologies that would fit with not only Duraswitch's strengths, but also those that would be a benefit to their already established relationships with licensees and technology partners".
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