The intellectual property (IP) assets of two Peratech brands relating to wearable technology are up for sale.
The first is the patented Eleksen technology, ElekTex, which comprises a unique electro-conductive fabric touch pad optimised for the creation of flexible, durable and rugged fabric touch screen interfaces, thus negating the need for hard touchpads and flexi-circuits.
Applications for ElekTex include wearable electronic controls for consumer electronics, industrial wear and toys, to lightweight, low-power touch interfaces for consumer electronics accessories, telematics and military uses.
The technology has been utilised by household names such as Marks & Spencer (suits), City Sports and Craghoppers (jackets), Westcomb (the iRebel Hoodie), Zegna (Bluetooth iJacket) and Johnson Controls (an intuitive comfort seat for the Kion concept car). It also has historical alliances with Apple, Intel, O’Neill and Spyder.
“Eleksen has revolutionised the way people can use electronic devices and has done away with the need for hard touch pads,” said Nat Baldwin of Metis Partners, the Glasgow-based IP specialist which is conducting the sale.
It utilises fabric conductive ribbons rather than wires, which can sometimes become damaged during the assembly process. It has also been tested in over a million operations and undergone stringent automotive standard testing (including puncture testing).
The second product up for sale is the patented SoftSwitch textile-based electronic switching and control system technology, which was named as one of Time Magazine’s Top 100 Coolest Inventions and has been used by organisations including Nike, Apple, Burton and BMW.
The technology can be used to give clothes Bluetooth capability, to heat them and to outfit them with communications equipment, portable music devices or hands-free two-way radio capability.
“The potential of SoftSwitch has already been recognised by some of the biggest corporations in the world as well as by technology commentators and the potential for exploitation is immense,” said Mr Baldwin.
The company says there is commercialisation potential beyond existing applications, such as for use in athletic, fitness and sports shoes and wrist-wear such as advanced electronic watches and wrist-bands.
It has been used in the development of a space suit in collaboration with NASA, where a suit was designed to allow an astronaut to use the cuff to control a robotic rover vehicle on a planetary surface.
The company said the reason for the sale is that Peratech’s resources and focus have been on its rapidly-expanding QTC solution.
Interested parties should contact Metis Partners for details and the deadline for offers is December 5, 2013, at noon GMT.
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Photo credit: copyright of the company.