Fusion IP subsidiary takes on orders worth over one million dollar

Fusion IP, which commercialises university research, has announced that its portfolio company Mesuro has taken orders for $1.25m of new sales of its RF equipment technology in the last quarter of the year.

Fusion has a 47% shareholding in Mesuro.

Chief Executive Officer Richard Emsley said: "These sales, which have been made to three global customers, all of whom cannot be disclosed for commercial reasons, demonstrate the huge potential of Mesuro's RF technology, which enables device manufacturers to obtain the very highest performance from their designs, maximise device efficiency, reduce power consumption and decrease time to market. We look forward to accelerating the growth of the company in 2012."

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

NR