Panorama Synergy Ltd (PSY) is pleased to announce it has entered into an exclusive worldwide licensing agreement with the University of Western Australia (UWA) for optical technologies related to highly sensitive measurements by multiple, simultaneous micro-cantilever micro-electro-mechanical system (MEMS) sensors. Optical cantilever technology has relevance to miniaturized biological and chemical sensing and has a plethora of applications in medical sensing, security (detection of chemicals associated with explosives) and gas detection, to name but a few. The technology has potential to provide the ability to build low-cost chips containing multi-system, multi-analyte sensors. UWA has been awarded an ARC grant to develop this technology and, under the licensing agreement, Panorama Synergy has rights up to 75% share on products and 50% share on sub-licences. Two complete patent applications covering this technology have been lodged in the USA and Australia. In addition PSY has lodged in Australia a provisional patent application for a variant technology that offers additional capabilities.
Panorama Synergy’s Chairman, Mr John Athans commented: “This licensing agreement with UWA provides significant commercial opportunities for Panorama Synergy. MEMS technology has a huge and fast growing end market with applications ranging from digital touch screen devices to motor vehicle airbags. The breakthrough technology which is under development by UWA has potential to revolutionise many of these devices by facilitating their manufacture in more compact and portable sizes.”
Panorama Synergy Limited (PSY) is developing and commercialising a breakthrough in photonics that the Company believes has multiple applications for Entertainment, Education, Healthcare and Telecommunications. Panorama Synergy has a solid foundation of development over five years that has resulted in a proven, patent protected, leading-edge technology which provides substantial benefits for prospective commercial partners.