amBX goes independent

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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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