New Technology Rights

TT electronics PLC 11 June 2007 TT electronics plc TT electronics acquires further new technologies TT electronics plc, a world leader in sensor and electronic component technology, is pleased to announce the acquisition of the rights to two important technologies to support future growth and expansion within the global electronics market. TT electronics has acquired exclusive ownership of the relevant patents for DAPS (digital angular position sensing) technology, a capacitive encoder technology for use in both automotive and non- automotive markets. The patents have been developed by FE Technical Services Inc. ('FETS'), a US based engineering team focused on building an intellectual property portfolio. The technology is under development by TT electronics automotive sensing specialists for an electrical steering system application in the Far Eastern automotive market. TT electronics has also acquired the exclusive right to develop its Autopad(R) position sensing technology for fuel level sensing applications and, as a result, now owns the exclusive rights to Autopad(R) for all automotive applications worldwide. Autopad(R) provides highly accurate measurement of fuel level and therefore consumption. Opportunities for this application exist in many areas of the automotive and heavy goods vehicle markets. The purchase consideration for the combined rights is £0.5m, together with the payment of future royalties. Commenting on the acquisition, Chief Executive, Neil Rodgers said, 'These are two important developments for TT electronics in our drive to secure new technologies to support growth in our global markets. The acquisition of the rights to DAPS gives us access to a complementary range of sensing technologies and strengthens our current portfolio of automotive sensors. Fuel level sensing gives us further opportunities to develop Autopad(R) for new applications.' For further information please contact: TT electronics plc Neil A Rodgers, Chief Executive: Tel: 01932 841 310 Biddicks Zoe Biddick: Tel: 020 7448 1000 NOTES TO EDITORS DAPS FETS is the exclusive owner of US, European and Chinese patents covering a unique capacitive encoding technique that exploits micro controller technology to create low cost precision sensors with minimum development effort. DAPS (digital angular position sensing) technology can be applied to a variety of position sensing applications in both automotive and non automotive markets. The initial development programmes have concentrated on providing a position sensing function to existing torque sensors for automotive steering systems. DAPS complements TT electronics' leading-edge Autopad(R) product range very well. DAPS provides slightly shorter development cycles, particularly in applications with simpler geometric requirements than those typically served by Autopad(R). Having both technologies in the 'design toolkit' will allow TT electronics to address an extremely wide range of position-sensing applications and markets. AUTOPAD(R) Autopad(R) is the leading edge inductive sensing technology developed from TT electronics' acquisition of Sensopad in March 2004. Autopad(R) is currently being designed in to a complete range of automotive position sensing applications such as accelerator pedal, chassis height, electronic throttle control, brake wear and steering torque and position. In 2004 TT electronics purchased the rights to use Autopad(R) in the automotive market in all applications except fuel level measurement. Acquisition of the rights to develop Autopad(R) level measurement sensors gives TT electronics the rights to market Autopad(R) in all automotive applications worldwide. This information is provided by RNS The company news service from the London Stock Exchange
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