Sensera Limited (ASX: SE1), a leading designer and manufacturer of endto-end sensor solutions and services for the rapidly-growing Internet of Things (IoT) market, has provided an update to the 3-year multimillion dollar supply agreement announced on Monday 13 November.
Sensera has gained approval to disclose that its anchor microfabrication customer transitioning to commercial production is Abiomed, Inc (NASDAQ: ABMD).
Abiomed is a leading manufacturer of medical implant devices headquartered in Danvers, Massachusetts, USA.
The company’s product suite provides circulatory support, led by the AbioCor artificial heart and Impella, the world’s smallest heart pump. Recent business development has seen Abiomed’s market capitalisation rise in the year to date from approximately US$5 billion to more than US$8 billion.
Transitioning Abiomed to the manufacturing phase through this multi-year, multimillion dollar supply agreement embeds Sensera as a key part of the supply chain for high-value medical devices that underpin Abiomed’s growth aspirations.
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