The business and assets of Splashpower Ltd, the Cambridge wireless power innovator which went into administration six weeks ago, have been acquired by Alticor subsidiary, US-based Fulton Innovation.
Timestrip, has revealed that WD-40 Company, the firm behind the famous brand lubricant, is the mystery global consumer products company that placed a January order for integration of Timestrip's smart label technology into a new mass-market product.
The University of Cambridge is playing a key role in a new initiative designed to enhance understanding between the Muslim world and the West.
Cambridge based Isogenica has acquired the principal assets of Finnish biotech company, Karyon CTT Ltd as well as securing a £2 million cash investment.
VEGA Group has won three new contracts to reinforce its position as Europe’s leading space simulations company.
The business and assets of Splashpower Ltd, the Cambridge wireless power innovator which went into administration six weeks ago, have been acquired by Alticor subsidiary, US-based Fulton Innovation.
"Xaar is in an excellent position of having a good cash balance, no
debt, great technology, good management, and a good business plan.
Hence operationally and financially we are highly self sufficient, and
don’t see the need for a parent. However ‘money talks’ and there is no
doubt a price at which our shareholders would say ‘thank you very much’."
Prelude Trust, one of the region’s biggest funders of early-stage
hi-tech entrepreneurial talent has decided to sell off its entire
portfolio and wind the company up, returning all net proceeds to
shareholders.
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