Peratech Gets £1.1 Million

Filed in archive Investing on February 16, 2010

British nanotechnology company Peratech has received £1.1 million in funding from YFM Group.

"The funds... will be invested into ultra thin, quantum effect touch sensors, designed to replace traditional switched in mobile phones, robotics and a range of other devices," writes New Electronics' Chris Shaw. "Peratech says its Quantum Tunnelling Composite (QTC) technology prevents contacts from wearing out and no air gap to be contaminated with water or dust."

"Peratech recently signed licensing agreements with Nissha and Samsung Electro-mechanics for 3D input technology for mobile phones," notes EE Times' Colin Holland.

"In these financially challenging times, it is a real testament to both the QTC technology and the team behind it to have received funding of this level," says Peratech CEO Philip Taysom. "The company has invested significant R&D efforts to understand this new class of material science that it has invented. We are now at the stage where its ability to add value and completely new innovative features, which provide significant commercial advantages, are clearly demonstrable as can be seen from the licensing deals that we are closing with Tier 1 international companies."