UK: Smart clothing technology put up for sale
A wearable fabric technology that has been used in smart clothing applications by the likes of Marks & Spencer, Craghoppers and Zegna is up for sale.
The ElekTex fabric touchpads developed by Eleksen can be used in wearable electronics applications to control mobile phones and MP3 players in apparel, bags and accessories as well as commercial workwear.
They have also attracted worldwide interest from major names such as Orange, Microsoft, Philips and Nike, according to intellectual property specialist Metis Partners, which has been instructed to handle the sale.
Up for purchase are Eleksen's intellectual property assets including an international patent portfolio protecting the technology's USP - that is, its ability to produce fully controllable electronics via integrated sensors on articles such as jackets and accessories.
Items that have already featured the technology include M&S suits, Craghoppers and City Sports jackets, and Zegna's Bluetooth iJacket.
Nat Baldwin, of Metis Partners, who is co-ordinating the sale, said: "Eleksen has revolutionised the way people can use electronic devices and has done away with the need for hard touch pads.
"The international protection of its 30 patent families means that its potential for global exploitation is immense. We are fully anticipating keen interest in Eleksen from a wide spectrum of potential buyers."
Because it uses fabric conductive ribbons instead of wires, the Eleksen sensor product is durable, not easily damaged during the assembly process, and light-weight.
A deadline for offers has been set for 5 December 2013. For further information, contact Nat Baldwin at Metis Partners.
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