Mesuro appoints Godfrey Ainsworth as chairman
Fusion IP, a university IP commercialisation company that turns world class research into business, has announced that Mesuro has appointed Godfrey Ainsworth as non-executive Chairman. Ainsworth, a Chartered Accountant and corporate financier, has over 20 years of experience in the compound semiconductor industry with the AIM-listed compound semiconductor manufacturer, IQE plc, where he is currently non-executive Chairman. He is also a Board Member of the Cardiff Partnership Fund and Cardiff Business School International Advisory Board. Fusion IP has a 47.2% shareholding in Mesuro. David Baynes, CEO of Fusion IP, commented, "Godfrey has been working with the Board and management team at Mesuro for the past year and he has already added value to the business. His extensive knowledge of the sector from his 20 year relationship with IQE is proving invaluable and we anticipate an exciting future for Mesuro." Godfrey Ainsworth commented, “Mesuro is an exceptional company, with world beating technology addressing the immediate needs of device manufacturers to obtain the very highest performance from their designs, maximising their efficiency, reducing power consumption and accelerating time to market. I am delighted to be taking on the Chairmanship at a time when the company is building an impressive sales pipeline with leading global players in the semiconductor industry. With sales already made or confirmed to the US, Europe and Japan it is clear that we will need to look for strategic partners to leverage Mesuro's potential. I look forward to building on the relationships with our existing partners and to forging new opportunities for collaborative international partnerships." Richard Emsley, CEO of Mesuro, added, "Mesuro has had a transformational year and has secured significant sales, released a number of new products, including our VNA-based active load pull system, has a strong order book and a healthy pipeline of sales for 2012. It is a testament to the quality of Mesuro's business, position and prospects that we have been able to attract someone with Godfrey's financial, international and sector experience to head up the Board and I am looking forward to working closely with Godfrey to further expand Mesuro's business."