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Innovision Delists from AIM and CEO David Wollen leaves Company
Monday 26th July, 2010
Following the recent acquisition of NFC and RFID pioneers Innovision Research and Technology by Broadcom International, and its filing for delisting from AIM, Innovision’s CEO, David Wollen, announced his resignation from the Company effective Friday 23rd July.
Wollen took over the Company in 2006, joining from Renesas Technology Europe where he was a Board member and also headed up the Mobile and Smartcard businesses, amongst others. He represented Innovision on the Board of the NFC Forum and is also a Board Member of the NMI.
Wollen comments: “I am very proud of what we have achieved at Innovision, a global customer base second to none, the respect of colleagues in the semiconductor and NFC/RFID industries and a reputation in the City for delivering what we said.”
He continues: “However, what has been most satisfying is building up and working with a world-class and well-respected team of IC and systems engineers. I am very happy that this great team will go on to develop even better NFC innovations in the hands of a prestigious organisation like Broadcom, which is renowned for its communications technology and has shown great commitment to moving forward in NFC.”
About Innovision Research & Technology plc
Innovision Research & Technology plc, is leading the next generation of NFC/RFID solutions. As the leading fabless developer of Short-Range Data Communication semiconductor and system solutions, with particular focus on NFC/RFID (Radio Frequency Identification) and ultra low-cost Integrated Circuit (IC) and RF electronic design, IRT is pushing cost performance to enable clients to get maximum utility for minimum cost.
The company develops innovative semiconductor technologies, ICs, RF systems (HF/UHF) and complete end product applications for mass volume commercialisation and then licenses customers for its incorporation into their own products.
At the heart of the emerging Near Field Communication (NFC) market, Innovision R&T designs and develops NFC/RFID IC solutions for the global mobile handset and consumer device sectors.
Products include Topaz, mandated by the NFC Forum as the NFC number one tag type format, Jewel for mass transit ticketing applications, and io, the world's smallest standards compatible Near-Field RFID reader.
Headquartered in the UK, Innovision R&T was listed in 2001 on the Alternative Investment Market (AIM) of the London Stock Exchange (ticker symbol:INN).