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amBX goes independent

Ben Parfitt
amBX, the ambient technology arm of electronics giant Philips, has been spun out as an independent company.

The move was made possible with the backing of Prime Technology Ventures, a Netherlands-based pan-European venture capital firm. It will now be able to license the amBX technology to other hardware manufacturers, although Philips will remain a licensee as well as a limited partner with PTV.

For the full story, head over to Develop.

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Tags: ambx , philips

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