New contracts for Spiral’s novel ‘fly-by-wire’ sensor will boost revenues to $50m within five years, says Absolute Sensors Limited, the Cambridge start-up company floated by Scientific Generics.
ASL, headed by managing director Ian Collins, has struck two further deals since its exclusive licence worth up to $20m with BTR for automotive applications (Tech News, 21 August)
One is with a US toymaker and the other with a maker of personal digital assistants.
Collins says PDAs are a potentially huge market for Spiral sensors because they are more reliable, thinner and lighter than existing resistive screen technology.
He estimates that by 1999 ASL will become a volume manufacturer of some circuit components such as special ASIC chips, which will contribute up to 70% of turnover.
The company employs six people and plans to double that number immediately, bringing in people with a mix of technical and marketing skills.