Imperial Innovations, the tech transfer partner of Imperial College London, has spun out UK-based advanced materials manufacturer Lomare Technologies to commercialise thin films for computer memory chips.

The magnetics-based technology, dubbed PMRam, will look to be cheaper, faster and more energy-efficient than the memory chips currently on the market. It will be geared towards internet-of-things (IoT) products, which can be data intensive.

Lomare hopes to license its technology for development and is already searching for semiconductor manufacturers that can assist through…