PSY Commercialisation Strategy

Terry Walsh, Managing Director of Panorama Synergy said “…The current MEMS market is estimated to be $14 billion in 2014, growing to over $22 billion by 2018 according to a Yole Developpment report called “Status of the MEMS Industry”, July 2013 (Extract from PSY announcement on 12 September 2014)

Extract from PSY power point presentation page 10 (See PSY announcement on 4 September 2014)

Commercialisation Strategy

ALREADY COMPLETED
-Gain exclusive worldwide licensing agreement with the University of Western Australia for the use of the LumiMEMS Reader™ for optical technologies related to highly sensitive measurements by multiple, simultaneous micro-cantilever MEMS.

-Obtain the necessary patent protection the LumiMEMS Reader™

-Successfully lab test all new components of LumiMEMS Reader™ to confirm viability.

-Commence early discussions with interested parties concerning specific requirements that the LumiMEMS Reader ™ may enable for the first time
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NEXT STEPS
-Full scale commercialisation of the LumiMEMS Reader™ as a device.

-Conclude licensing deals with initial customers likely to be in mining, safety, healthcare

-Identify key industry vertical partners for sales and distribution

-Commercial production and sale of devices incorporating the LumiMEMS Reader™ to mass market

-Continuous improvement of technology.