Footfalls & Heartbeats (UK) Limited is delighted to announce that it has entered into a Heads of Terms commercial agreement with the University of Nottingham. This will see the two organisations work together to develop new technology and file joint applications for new patents. Footfalls & Heartbeats is already working with the University of Nottingham on a number of exciting commercial projects which will be executed together and have mutually beneficial outcomes.
The Heads of Terms will lead to an agreement whereby Footfalls will in-licence existing technology and be granted an option to exploit new Intellectual Property developed by the University of Nottingham in relation to Fibre Optics.
There is a natural synergy between FHL’s intelligent textiles where the fabric itself is the sensor and the Fibre Optic System technology being developed by UoN and protected by patents.
In addition, the University has invested in the latest Footfalls fund-raising, thus becoming a shareholder in the company and supporting the broader collaboration with the University.
In a step which cements their commitment to working with the University of Nottingham, Footfalls & Heartbeats has also signed a lease for new offices within the newly opened Ingenuity Centre on the University of Nottingham Innovation Park.
“Footfalls is delighted to be working with the University of Nottingham and specifically the Optics & Photonics Group on pushing the boundaries of textile based optical sensors for remote physiological monitoring” commented Simon McMaster, Founding Director of FHL UK Ltd.
Head of the University of Nottingham’s Technology Transfer office, Susan Huxtable, added “This is a very exciting and wide ranging collaboration. Footfalls will help develop and commercialise intellectual property developed at the University of Nottingham. In addition, we will work together to generate and protect new joint intellectual property. The smart wearables market is growing rapidly and predicted to reach many $billions, representing a superb opportunity for the University and Footfalls”.