Flexible Electronics News

Dr. Patrick Soon-Shiong to invest in Toumaz to Develop Sensium for Consumer Healthcare Applications

CCE, Toumaz will collaborate to develop wireless healthcare and wellness technology for use in sports

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Toumaz Limited, a pioneer in low cost, ultra low power wireless communications and broadcast technology, announces that California Capital Equity LLC (CCE), a company owned by Dr. Patrick Soon-Shiong, has made a strategic investment in the Group. Toumaz is issuing 14,563,142 shares to CCE at 8.83p per share, representing a stake of 2.46% in the Group. Application will be made for the shares to be admitted to trading on Feb. 16, 2011. Following admission, there will be 608,187,868 shares in is...

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