Cambridge, UK 22 January 2008 – The four founders of TTPCom today announced that they have joined with Professor Rick Hillum to form Camitri, a new venture that will market intellectual property from world leading universities and research institutes to the communications industry.
Gordon Aspin, Mark Collins, Richard Fry and Tony Milbourn were the executive team that started TTPCom in 1987. Rick Hillum brings to the venture a rich portfolio of communications IP that he has already built up within ICIPR, his existing company which is merged into the new venture. Tony Milbourn has been appointed CEO.
Tony Milbourn said “Universities are renowned for their creativity and have been the prime movers for many of the world’s most innovative start-ups. However, there is a wealth of innovation that is most effectively exploited by licensing to existing companies rather than creating new ones. This is the market that Camitri will address.”
Maria Khorsand, the Non-Executive Chairman of Camitri, commented, “I believe we have an exceptional team here that has the right contacts and knowledge of both the commercial and the academic world to take our business model to a new level. We have the insight to recognise marketable technology, the commercial and technical understanding to package that technology in a useable form, and the experience to know where the value of that technology can be fully recognised.”
The company has already established formal relationships with leading global institutions specialising in communications technology research. Professor Rick Hillum, the director responsible for managing these relationships comments, “Much of the innovation that occurs in universities around the world is capable of changing the industry. Camitri, by building bridges between the academic and the commercial world, can play a major role in getting the true value of that innovation recognised, generating valuable new funding streams for universities and differentiated products for our industry partners.”
About the team:
Gordon Aspin, Mark Collins, Richard Fry and Tony Milbourn were the executive team that started TTPCom in 1987, developed it over 19 years into a business licensing technology globally into the cellular industry with a $120m turnover and 700 staff and ultimately sold it to Motorola in June 2006 for $192 million.
Professor Rick Hillum has over 20 years as an executive in the communications industry having worked at both CTO and CEO level in the UK and USA including for NASDAQ listed companies.
Between 2001 and 2004 Maria Khorsand was President of the Ericsson Technology Licensing Company where she and her colleagues were the founders and originators of the Bluetooth Wireless technology. Currently Maria is the CEO of SP Technical Research Institute of Sweden.
Imprimatur Capital is an international operational investment business headquartered in London that employs its own capital and focuses on accessing early stage, intellectual property based assets (or ‘IP Equity’).