Home / Knowledge / News / Information Technology / QIO gains license for Eleksen consumer wearables business
QIO gains license for Eleksen consumer wearables business
22
Feb '08
Peratech Limited, the leader in new materials designed for touch technology solutions, has announced its plan to license out its Eleksen consumer wearables business into QIO Systems. Peratech purchased the Eleksen wearables business as part of its recent acquisition of the assets of Eleksen Group Plc.

As part of the deal, QIO Systems gains a worldwide exclusive license to the intellectual property and design rights for the electronics and textile touchpads of Eleksen and for the manufacture and sale of ElekTex textile touchpads for use in both consumer and commercial applications. In exchange, Peratech will take an equity shareholding in QIO Systems.

QIO Systems will also acquire the rights to Eleksen's eSystem merchandising programs and will be launching eSystem electronics at retail in time for the Back-to-School '08 and Fall/Winter'08 fashion seasons. QIO Systems will be launching complete iPod control solutions and iPod-Bluetooth solutions in time to support outstanding customer demand. The company plans to bring a comprehensive range of eSystem electronics for sale at retail by the end of Q1 2009.

“This deal sets QIO Systems on the path to success. We're committed to continuing Eleksen's tradition of exceptional customer support and innovation in wearable electronics solutions,” remarked John Collins, President and CEO of QIO Systems, “It's exhilarating to be back with the technology, relationships and customers we know so well.”

“The relationship with QIO is part of Peratech's strategy to move smart textiles from the niche and into the mainstream. Our ElekTex technology, combined with QIO's range of electronics will provide brand holders and consumers with exciting new ways to interact with their personal electronic devices. We have invested in a talented team of former Eleksen managers who were responsible for the development of the extremely successful Eleksen offerings,” commented Chris Lussey, joint CEO of Peratech.

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X