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June 11, 2011 3:14 am

Carclo to benefit from concept smartphone

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Carclo is poised to receive a $10m (£6.2m) boost after agreeing to allow its innovative conductive inkjet technology (CIT) to be used in the development of a new concept smartphone.

The specialist plastic components maker’s technology is being honed for use in touch screens on tablets and smartphones, and is cheaper and more durable than the indium tin oxide sensors currently on the market.

Carclo’s technology will be used in the touch screen of the smartphone designed by Atmel, the US maker of microcontrollers, for a large but yet to be identified company.

It is due to be launched at the end of the year, and the increase in volumes will trigger a $10m prepayment from Atmel.

In the 12 months to March 31, Carclo reported revenues up from £81.2m to £88.6m, while pre-tax profit rose from £4.6m to £6.8m.

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