Scientific Generics, the Cambridge-based business and technology consultancy, has created a separate company to exploit a new non-contact position-sensing technology developed by its engineers.
Absolute Sensors Ltd (ASL) will license the SPIRAL technology to companies in a range of industries around the world, and is expecting revenues of $50 million within five years. BTR has already bought an exclusive licence for SPIRAL in a multi-million-dollar deal covering automotive applications, and licences for other industries are imminent. SPIRAL is a non-contact electromagnetic device that can work through dirt and grease and is insensitive to heat and vibration. Unlike other systems such as Hall-effect sensors, SPIRAL offers a completely smooth, continuous output. Its first application in cars will be in throttle actuation. Other applications will include electronic consumer products and pen-input devices for computers. Scientific Generics managing director Peter Hyde said that the time was right to create a spin-out company to exploit the technology.