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(Singapore – September 17, 2013) Molex, a leading global electronic components company, announced that as a strategic partner and investor, it has signed a definitive agreement with Vasa Applied Technologies Ltd. in Or Yehuda, Israel. Vasa is an emerging company that has developed a patent-pending innovative technology that can accurately measure fluid flow rates. The initial design will target medical applications.
TIm Ruff, senior vice president of business development and corporate strategy at Molex, said: "It is very suitable for Molex to establish a partnership with Vasa, because this cooperation can expand our ability to provide medical devices and sensor solutions. Vasa has developed a Unique products that meet urgent clinical needs. We look forward to combining Molex's engineering and technical talents to achieve more applications beyond the medical market. "
Vasa co-founder and CEO Jacob Polger said: "We are very pleased to cooperate with Molex. Through Molex's global sales force and engineering capabilities, we look forward to significantly expanding the scope of Vasa technology in new geographies and markets."
About Molex Incorporated
In addition to connectors, Molex also provides complete interconnect solutions for many markets, ranging from data communications, telecommunications, consumer electronics, industrial, automotive, commercial vehicles, aerospace and defense, medical and lighting. The company was founded in 1938 and has 41 production plants in 15 countries around the world.
About Vasa Applied Technologies Ltd.
Vasa Applied Technologies was founded in 2009. The company is an emerging Israeli company that has developed a patent-pending innovative technology that can accurately measure pulsation and low flow rate.
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