Waytronx Signs Worldwide Licensing And Royalty Agreement For Industry Changing Encoder

“This Licensing Agreement is the culmination of five years of development and collaboration between AnderMotion and CUI. The Agreement allows CUI to exclusively develop, sell, and distribute the AMT encoder worldwide,” stated Matthew McKenzie, CUI’s President. “The AMT series modular encoder is designed with proprietary, capacitive, code-generating technology as opposed to optical or magnetic encoding,” explained McKenzie.

“This unique device allows breakthroughs in selectable resolution, shaft-adaptation, and convenient mounting solutions to bring ease of installation, reduction in SKU’s, and economies of scale in purchasing. The AMT amounts to almost 2000 different encoders in one package,” concluded McKenzie.

CUI is already distributing the AMT, which is being sold to and through various CUI customers. Moreover, the product is being marketed by multiple DC motor manufacturers. The AMT has been awarded several design wins from Motion Control OEM’s producing a wide range of products from cash machines to robotics.

“Our long term relationship with AnderMotion and its founder, Ingvar Andermo, along with the execution of this Licensing Agreement is yet another demonstration of the synergies between Waytronx and CUI,” explained William Clough, Waytronx’s President & CEO. “With the introduction of the AMT encoder, the C14 encoder, and certain of our other initiatives, Waytronx continues to identify and acquire unique proprietary technologies; introduce those technologies into the marketplace using the CUI infra-structure; and thereby continue our migration to a technology/licensing model,” noted Clough.