LookTel powered by NantWorks
Earlier this month Dr. Patrick Soon-Shiong announced the name of the company that he has been building through a series of acquisitions over the past few years: NantWorks. This week Vodafone announced that it had partnered with NantWorks on researching and developing remote patient care mobile health services over advanced wireless networks. Vodafone recently opened its Silicon Valley-based research center called Vodafone Xone and NantWorks participated during its launch event along with other likely Voda partners.
Following the sales of two companies Soon-Shiong founded — American Pharmaceutical Partners (sold 2008) and Abraxis BioScience (sold 2010) — he has invested more than $400 million dollars in acquisitions. In February Soon-Shiong acquired GlowCaps maker Vitality for an undisclosed sum thought to be in the low tens of millions. GlowCaps made an appearance at the Vodafone Xone event, which makes it likely the device is part of NantWorks.
NantWorks other portfolio of companies and offerings include: "state of the art semiconductor chips, switches and encryption technologies, augmented reality, novel object and voice recognition technologies, broadband telecommunications services and ultra-low power remote monitoring devices,” according to its launch press release.
"With Vodafone's global mobile network, and its partner Verizon Wireless here in the United States, Vodafone is truly a global mobile powerhouse," Soon-Shiong stated in a press release. "It is the ideal partner for NantWorks to work with as we develop the technologies that will bring the digital revolution to more aspects of people's lives, including healthcare and education."
For more on NantWorks deal with Vodafone, read the press release after the jump.
PRESS RELEASE -- NantWorks LLC today announced a partnership with Vodafone Group, established through Vodafone's new "Vodafone Xone(TM)" Silicon Valley-based R&D center, to explore the development of advanced and innovative global mobile data services.
Newly formed Los Angeles company NantWorks LLC and Vodafone have signed a memorandum of understanding to work together on mobile health services over advanced wireless networks to deliver patient care remotely, as well as explore expansion into other areas.
NantWorks is the inaugural partner signed through the new Vodafone Xone, which aims to identify and qualify innovative technologies from startups, R&D labs, universities and venture capital portfolios.
NantWorks Chairman and CEO Patrick Soon-Shiong, M.D., who has developed and sold two multi-billion dollar pharmaceutical companies and is now focused on communications network technologies for the benefit of science and education as well as healthcare said:
"We are delighted to be working with Vodafone. With Vodafone's global mobile network, and its partner Verizon Wireless here in the United States, Vodafone is truly a global mobile powerhouse. It is the ideal partner for NantWorks to work with as we develop the technologies that will bring the digital revolution to more aspects of people's lives, including healthcare and education. I welcome the opening of Vodafone xone here in California and I look forward to a great partnership between NantWorks in Silicon Beach and Vodafone Xone in Silicon Valley."
Vodafone Group Chief Executive Vittorio Colao said: "NantWorks is an exciting and visionary company -- exactly the kind of partner that we have come to Silicon Valley to work with."
Vodafone is one of the world's largest mobile communications companies by revenue with approximately 382 million customers in its controlled and jointly controlled markets as at 30 June 2011. Vodafone currently has equity interests in over 30 countries across five continents and more than 40 partner networks worldwide. For more information, please visit www.vodafone.com .
NantWorks LLC is a company founded and led by Dr. Patrick Soon-Shiong. Its mission is to converge semiconductor technology, supercomputing, advanced networks and augmented intelligence to transform how we work, play and live. Early applications will be in the fields including scientific research and healthcare. For more information, see www.nantworks.com .
SOURCE: NantWorks LLC