Toumaz Limited has raised £11.2m through a placing of 128,000,001 new ordinary shares of 0.25p with institutional investors each at a price of 8.75p per share.

The proceeds will mainly be used to invest further in Toumaz Microsystems.

Toumaz Microsystems was recently established as a new fabless subsidiary by Toumaz with investment and support from Imagination Technologies Group plc to design, develop and sell wireless semiconductor chips and embedded solutions for the growing area of internet and cloud-connected applications.



The potential uses for this technology span across many markets from healthcare, home automation and wireless multimedia to enterprise solutions, monitoring devices and toys. Geographically, Toumaz is seeing growing opportunities across the world with particularly large market potential in the Far East.



Toumaz Microsystems’ strategy is to deliver both low-power and high-performance connectivity solutions addressing both ultra low-power, battery-operated connected devices and also high data-rate devices needed for wireless audio and video delivery. A key focus is developing a new multi-standard connectivity chip. This ultra-low power radio receiver and transmitter chip will incorporate the new IEEE standard 802.15.6, for Body Area Networks

Toumaz has been a very active participant and driver of the IEEE committee specifying and developing this important standard. This new standard has very recently been approved ahead of plan and part of the additional funds will enable Toumaz to develop the first chip incorporating the new standard alongside other key low power radio standards, such as Bluetooth LE and Zigbee, as quickly as possible.

The new chips will also be incorporated in the next generation Sensium solution for wireless healthcare monitoring of vital signs, both in and out of the hospital making it compatible with the new IEEE standard.



“The recently approved IEEE standard gives us a window of opportunity to move quickly to set the industry standard for ultra-low power wireless chips for use in Body Area Networks and also the wider wireless home and enterprise connectivity environments,” said Professor Chris Toumazou, CEO of Toumaz.

“The clear trend toward wireless and cloud-connected devices across many embedded markets is set to change the way we live and is creating huge opportunities,” he added. “Our roadmap across low-power and performance connectivity is designed to build on our extensive experience and enable us to take a big part in shaping and riding these trends. Our partnership with Imagination Technologies combined with our skills and know-how give us major competitive advantages and the tools we need to exploit the opportunities that we are seeing.”