4 May 2012 07:00
4 May 2012
Toumaz Limited
Board changes
Toumaz Limited (AIM: TMZ, 'Toumaz', or 'the Group'), a pioneer in and provider of ultra-low power, high performance wireless communications and healthcare monitoring technologies and solutions, announces the appointment of Anthony Sethill as Chief Executive Officer. Following today's annual general meeting, Chris Toumazou will become Executive Chairman and Sir Richard Sykes, formerly Executive Chairman, will step down from the Board.
Anthony Sethill was a founder of Frontier Silicon Ltd, the leading supplier of digital broadcast and network audio products, in 2001 and was CEO until December 2011. He successfully grew the business, establishing Frontier Silicon as a strategic supplier of digital audio chips and modules to global consumer electronic brands.
Prior to that, Anthony was Managing Director of Consumer & Mobile Phone Products at Amstrad PLC, Sales and Marketing Director at Samsung (UK) Ltd, and has also held positions with ONDigital and Alba Group Plc.
Professor Chris Toumazou, Executive Chairman of Toumaz, commented:
"As we indicated at our results on 2 April, we have changed the Board's composition to reflect our new strategic and operational needs.
"In recognition of the excellent progress made in developing our proprietary technologies, we are strengthening our commercial credentials. Anthony's experience will provide us with the commercial expertise to implement our international development, whilst I will continue to focus on strategy and the exploitation of our industry networks around the world.
"On behalf of the Group, I would like to thank Richard for his considerable contribution to Toumaz over the years. He leaves us in a great position to be able to promote our leading IP in a range of health, sport and consumer markets."
Anthony Sethill, CEO of Toumaz, commented:
"I am pleased to be joining Toumaz at such an important stage in its development and to be working with Chris and the team to exploit and rapidly commercialise the Group's exciting technology."
Further information on Anthony Ian Sethill (age 51):
Previous directorships:
Frontier Silicon (Holdings) Ltd
Frontier Silicon Ltd
Frontier Silicon (HK) Ltd
Bush Internet Ltd
Grundig Satellite Communications Ltd
Amstrad Plc
There are no further matters to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
Enquiries:
Toumaz Limited | |
Chris Toumazou, Executive Chairman | 020 75946168 |
FinnCap | 020 7600 1658 |
Geoff Nash / Henrik Persson (Corporate Finance) | |
Brian Patient (Corporate Broking) | |
College Hill | 020 7457 2020 |
Adrian Duffield/Rozi Morris |
About Toumaz - (www.toumaz.com)
Toumaz is pioneering low cost, ultra-low power wireless technologies for a wide range of markets including medical monitoring and internet-connected consumer devices.
The Group has two businesses; Toumaz Healthcare covering health technology solutions, and Toumaz Microsystems covering the design and development of semiconductor chips and solutions for low power and high-performance wireless communication.
Toumaz Healthcare provides wireless healthcare monitoring solutions for the hospital and home health markets. Toumaz's licensable smart sensor interface and transceiver platform, Sensium, is a leader in real-time wireless monitoring of the body's vital signs. Sensium has the potential to transform medical monitoring and reduce the cost of healthcare by wirelessly connecting individuals to healthcare providers - simply, affordably and unobtrusively. For healthcare professionals, this creates new opportunities for pro-active monitoring and improved quality of care. For patients, it delivers new opportunities for lifestyle-compatible personalised healthcare.
Toumaz Microsystems designs, develops and sells low-power and high performance semiconductor chips and solutions for the growing embedded wireless connectivity market, addressing opportunities in a wide range of internet connected devices. These include home and enterprise automation, healthcare, smart power, security/monitoring systems, intelligent toys and other connectivity-centric cloud-enabled systems.
Its key product, Telran, the world's lowest power radio system-on-chip forms the basis for Toumaz UK's Sensium platform.
Toumaz is an AIM listed company (AIM: TMZ) with development centres in Abingdon, UK and Taipei City, Taiwan.