Fusion IP plc : Mesuro secures last quarter orders of $1.25 million for its revolutionary RF systems

Fusion IP plc (AIM: FIP), the university IP commercialisation company that turns world class research into business, is pleased to announce that Mesuro, the Cardiff University spin-out which sells RF testing equipment and device measurement services to the semiconductor industry, has announced today that it took orders for $1.25million of new sales of its revolutionary RF equipment technology in the last quarter of the year..

Richard Emsley, CEO of Mesuro, commented:

"These sales, which have been made to three global customers, all of whom cannot be disclosed for commercial reasons, demonstrate the huge potential of Mesuro's RF technology, which enables device manufacturers to obtain the very highest performance from their designs, maximise device efficiency, reduce power consumption and decrease time to market. We look forward to accelerating the growth of the company in 2012."

David Baynes, CEO of Fusion IP, commented:

"Mesuro is in a transformational year and these sales should be a stepping stone for the company to secure significant sales in 2012. We look forward to working with Mesuro to converting its highly promising pipeline in the coming year."

Fusion has a 47% shareholding in Mesuro.

Ann Casey, Investment Executive at investor Finance Wales, commented:

"These new contracts are excellent news and a perfect start to 2012 for Mesuro.  They represent a big step forward for the company and prove there is a significant market for Mesuro's innovative technology.  We're looking forward to seeing Mesuro's order book continue to grow during the year."