12 Nov 2012 07:00
12 November 2012
Toumaz Limited
Board changes
Toumaz Limited (AIM: TMZ, 'Toumaz', or 'the Group'), a pioneer in low cost, ultra-low power wireless communications technology, has appointed Jonathan Apps as Chief Financial Officer with immediate effect. John Behrendt, interim CFO, will leave the company after a handover period.
Jonathan has over 16 years' experience as a finance director, having previously been CFO of Europe's largest independent WiFi operator The Cloud Networks for over four years. Prior to that Jonathan was CFO of interactive TV, mobile and internet content producer YooMedia, CFO at AIM listed technology venture capital fund E-capital Investments, and European Finance Director at network integrator EQUANT Integration Services.
Jonathan qualified as a chartered accountant with Coopers & Lybrand and has a Bachelor of Commerce degree from Birmingham University.
Separately, Winston Wong has resigned from the board as non-executive director with immediate effect.
Professor Chris Toumazou, Executive Chairman of Toumaz, commented:
"Jonathan brings significant experience in both the technology sector and growth companies. We are pleased to welcome him as the Group makes rapid progress with the commercialisation of its products.
"I would like to thank John for his valuable contribution at what has been a transformational time for Toumaz.
"On the behalf of the Board, I would also like thank Winston for his significant contribution over the last few years and wish him well with all his other ventures."
Disclosures required pursuant to paragraph (g) of Schedule 2 of the AIM Rules:
Mr Jonathan Michael Charles Apps (aged 48) is currently a director of J Apps Consulting Limited and in the last five years was a director of The Cloud Networks Limited.
No further disclosure is required under paragraph (g) to Schedule Two of the AIM Rules with respect to Jonathan Apps.
Enquiries:
Toumaz | +44 (0)1235 438950 |
Anthony Sethill, Chief Executive Officer | |
Peel Hunt LLP (Nominated Adviser and Broker) | +44 (0)20 7418 8900 |
Richard Kauffer/Daniel Harris | |
College Hill | +44 (0)20 7457 2020 |
Adrian Duffield/Rozi Morris |
About Toumaz - (www.toumazltd.com)
Toumaz is a pioneer in low cost, ultra-low power wireless technologies for a wide range of markets including medical monitoring and internet connected consumer devices. The recent acquisition of Frontier Silicon brings operational scale and expertise together with a leadership position in digital and networked audio markets.
The Group combines its strong IP and technology base with the commercial scale of Frontier to exploit two key wireless technology sectors:
·; Professional healthcare solutions
·; Consumer semiconductors in digital audio and sport & health markets
Toumaz's ultra-low power sensor platform, Sensium™, targets the professional healthcare market and is a leader in real-time wireless monitoring of the body's vital signs with the potential to transform medical monitoring and reduce the cost of healthcare. SensiumVitals is the Group's first product in this field. For healthcare professionals, this creates new opportunities for pro-active monitoring and improved quality of care. For patients, it delivers new opportunities for personalised healthcare.
Toumaz plans to transfer its Sensium™ technology to the consumer sports and health market, where its advanced measurement algorithms and low energy solutions give it a competitive advantage.
Toumaz is also using its expertise to design devices for wireless connectivity and internet-connected The acquisition of Frontier Silicon has enhanced the Group's technology portfolio in Network Audio and elevates Toumaz to a market leadership position in this and the digital radio markets. The Group now supplies multimedia/FM/DAB chips and modules to all major audio brands.
Toumaz is an AIM listed company (AIM: TMZ) with development centres in Oxford and Cambridge in the UK and in Hong Kong and in Shenzhen in the People's Republic of China.