Auckland based technology company NextWindow has landed a global contract with US heavyweight Hewlett-Packard, beating other IT giants such as 3M and Tyco to the deal.
NextWindow claims the deal makes it the first company in the world to introduce optical touch-screen technology into volume markets.
Al Monro, chief executive of NextWindow, says New Zealand can be proud that it is the pioneering country of optical technology in touch screens.
“This technology was invented here in New Zealand and now one of the biggest makers of consumer PCs in the world will be using our technology in their products.
“Now there’ll be a little bit of New Zealand-inside in each of these PCs,” he says.
NextWindow was selected over 3M and Elo (part of Tyco) among others, to supply HP with optical touch screen technology for its newly announced TouchSmart PC, unveiled by Bill Gates at the Consumer Electronics Show in Las Vegas in January as an example of new PC technology designed to take advantage of Microsoft's Vista operating system.
NextWindow now needs to raise additional capital to expand the business.
“We need working capital to continue to grow and fund our manufacturing expansion. There’s also a lot of headroom in the technology and we’re focused on continued research and development in this area," Monroe says.
“We want to develop proprietary integrated circuits to further protect the Intellectual Property, and we need to invest in our contract manufacturing facilities such as tooling, jigs, fixtures and test equipment.
“Our preference is to keep this company privately owned in New Zealand so we’re appealing to local high net worth individuals to partner with us into the future,” he says.