LONDON -- NXT plc, a public company that has pioneered the use of flat panels as audio speakers, has appointed James Lewis, cofounder of fabless chip company Oxford Semiconductor, as chief executive officer with effect from Aug. 1, 2010.
NXT has operated with an intellectual property licensing business model and achieved sales revenue of about £3.5 million (about $5.3 million) in its last complete financial year. Lewis's experience with Oxford, where he also served as CEO, was based on a product business model. Lewis told EE Times that his appointment would be a chance to apply that model to NXT's business in many areas. "With a license and royalty model it is difficult to grow strongly. Sometimes you think ARM is the exception that proves the rule."
NXT's present CEO, Peter Thoms, will become vice chairman of the company and continue to be based in the Hong Kong office with responsibility for maintaining and developing key relationships in Asia.
Lewis has been a non-executive director of NXT since October 2009 and led an initiative to acquire the audio amplifier technology from fabless chip company Audium Semiconductor Ltd. (Bristol, England), where he was also a director.
Lewis is an electronics engineer and entrepreneur who has worked in Europe and the United States. He co-founded Oxford Semiconductor in Oxford in 1992 and headed up its sales and marketing activities, turning it into a global business with 150 employees. Oxford Semiconductor Inc. was acquired by PLX Technology Inc. (Sunnyvale, Calif.) in January 2009.
NXT licenses patented sound and touch technologies to designers and manufacturers of audio systems, TVs, PCs and laptops, PA systems, cars, aircraft and equipment for use public buildings around the world. The company has expertise in the field of bending wave haptics, which is expected to be part of next-generation human interface technology.
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