“The successful laboratory testing of our technology is our most significant milestone to date and considerably de-risks the project for Panorama. Every device in the world is being connected to the internet and every connected device will have multiple MEMS sensors. Our LumiMEMS reader provides unparalleled accuracy and sensitivity and has a similar or even lower cost base to anything available in the market today. Therefore, as with the move from electrical to optical in the telecommunications world, we would anticipate the LumiMEMS reader to become thede-facto readout system for the rapidly growing MEMS market.”
“Further, it creates the potential to open up a new wave of MEMS devices that can detect almost anything which is chemical or biological in nature. It has the potential to transform industry and everyday life as we know it,” he said.
Panorama anticipates that one of its initial first generation systems will be applicable to the mining sector, targeting improved exploration outcomes and safety. These systems are being developed in a prototype format with a view to being licenced or manufactured as end products. Test results are likely to be published as soon as the fourth quarter of the 2014 calendar year.
At the same time, Panorama has commenced early discussions with interested parties concerning specific requirements that the LumiMEMS reader may enable for the first time.
Research teams around the world continue to create new functionalization layers, coatings which are applied to MEMS sensors to determine which agent they are programmed to detect. Any substance that can have its functionalisation material determined, can then be detected."
I wonder if the two companies have had any contact?
ADO Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
(20min delay)