Snippets: Xaar’s 2ic to leave; new Cambridge Uni public health research centre gets £5m
Xaar plc, the inkjet printing technology group, said that after nearly six years as Finance Director and Deputy Chief Executive, Nigel Berry (pictured) will resign his position and from the Board with effect from 31 March. The Board thanked him sincerely for his careful and robust handling of the Group's finances and relationships during what has been a decisive phase in the Group's development.
The Company said that Andrew Taylor, currently Deputy Finance Director and Company Secretary, will join the Board as Finance Director on the same date. He has been with the company since 2001.
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Xaar also said that Xennia Technology Ltd, in which Xaar has a minority interest, has entered into an agreement with Royal Ten Cate NV under which Ten Cate will buy a 75% stake from the founder and other management.
Xaar will retain its minority investment in Xennia and will partner Ten Cate in its development of inkjet for the specialist textile and materials markets. Based in the Netherlands, Ten Cate is a specialist textile and materials group listed on the NYSE Euronext Amsterdam stock exchange. Inkjet is an emerging technology in the printing of textiles and in the application of specialist coatings and other related production processes for the textile market.
Xaar has enjoyed a collaborative relationship with Xennia since June 2004, strengthened in September 2005 when it bought a minority interest in the company.
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Sagentia Group AG, an integrated tech consulting and venturing organisation, said that further to its Christmas Even announcement, TurfTrax plc, in which it owns an 8.8% stake, has been admitted to trading on the AIM market. On admission, TurfTrax will have a market capitalisation of £17.6m.
Sagentia’s stake will have a market value of £1.27m. It said also that it has agreed to transfer of the remaining intellectual property rights surrounding the TurfTrax tracking system (originally developed by Sagentia) relating to its commercial exploitation outside the field of sport. It will receive £100,000 upfront in cash, extra TurfTrax valued at £100,000 at the placing price, as well as an ongoing 50% revenue share on all commercial activities outside the field of sport relating to the TurfTrax tracking system.
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A new centre in Cambridge to provide the evidence-base for public health interventions aimed at changing diet and physical activity behaviour has received £5m in new funding.
The Centre for Public Health Research Excellence in Diet and Physical Activity at the Institute of Public Health is one of five Centres of Excellence across the UK. The Cambridge Centre, directed by Professor Nick Wareham, is part of a collaborative initiative between the University of Cambridge, the Medical Research Council, the East of England Strategic Health Authority and the University of East Anglia.
The new Centre will build on existing research into diet and physical activity and the established links of these lifestyles factors to diseases such as heart disease, stroke, osteoporosis and type 2 diabetes and also on expertise in helping individuals change behaviour. The focus of the new Centre is on moving beyond studying only the individual to a focus on the whole population.
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CSR and NamTai Electronic & Electrical Products Ltd (NTEEP) said that CSR's RadioPro example design has been selected by NTEEP for its internet radio module. Based on CSR's single-chip Wi-Fi silicon, UniFi-1, the RadioPro design has allowed NTEEP to bring its internet radio module to market in only 11 weeks.
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Bango plc said it is powering a novel new service that turns the mobile phone into a personal “on the go” library. Its billing and digital fingerprint technologies have enabled Macmillan Publishing Solutions to create The Global Reader - a new service that gives consumers access to books, articles, newspapers and other print content on their mobile phone easily and inexpensively.
30th January 2008
