October 14, 2011 — Panorama Synergy Ltd (ASX:PSY) has formed an exclusive worldwide licensing agreement with the University of Western Australia (UWA) for optical technologies related to highly sensitive measurements by multiple, simultaneous micro-cantilever micro-electro-mechanical system (MEMS) sensors.
The MEMS under UWA development could be manufactured in more compact, portable sizes, said John Athans, Panorama Synergy chairman. The low-cost chips can be built with multi-system, multi-analyte sensors.
UWA was awarded an ARC grant to develop this technology. Under the licensing agreement, Panorama Synergy has rights up to 75% share on products and 50% share on sublicences.
Two complete patent applications covering this technology have been lodged in the USA and Australia. In addition PSY has lodged in Australia a provisional patent application for a variant technology that offers additional capabilities.
Optical cantilever technology in miniaturized biological and chemical sensing can be used for medical, security, gas detection, and other applications. Athans said the licensing agreement with UWA could bring "significant commercial opportunities for Panorama Synergy."
Panorama Synergy Limited (ASX:PSY) develops and commercializes photonics breakthroughs for multiple applications. For additional information, visit the Panorama Synergy website www.panoramasynergy.com.au