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Infineon sells wearable electronics portfolio to startup

Posted: 07 Jun 2005 ?? ?Print Version ?Bookmark and Share

Keywords:wearable electronics? ip?

Infineon Technologies AG, a leading European chip maker and a pioneer of wearable electronics has turned over its activities in the area to Interactive Wear AG iG of Wessling, Germany, Infineon said. The purchase price is being kept secret.

Infineon has stopped its research on the integration of electronic functions into textiles as part of a strategic restructuring and concentration on its core business.

The rights to intellectual property (IP), such as patents and licenses, now belong to Interactive Wear, along with developmental hardware and software and the existing customer base as well as the parts inventory and the finished wearable electronics products.

"By spinning off its wearable electronics activities, Infineon is following through on its strategy and is concentrating on its core business," said Dominik Asam, corporate vice president for strategy, investor relations and mergers and acquisitions at Infineon, in a statement.

Markus Strecker, Infineon's former head of engineering for wearable electronics has become chief technology officer at Interactive Wear. Andreas Roepert is chief executive officer, and Awa Garlinska is chair of the supervisory board. Roepert said the technical textiles market could be worth $1 billion in 2008.

Interactive Wear's company headquarters are located in the Technology Park in Oberpfaffenhofen near Wessling, Germany, which is being subsidized by the State of Bavaria.

- Peter Clarke

EE Times

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