Shares in Parthus Technologies rose by almost 10 per cent on the London stock exchange yesterday when the Dublin technology firm announced a deal with Fujitsu.
Parthus will license its BlueStream bluetooth technology platform to the firm, which enables different electronic devices to communicate without cables.
The platform will enable Fujitsu, one of the world's largest semiconductor firms, to produce chips for the mobile phone and automotive markets next year.
Despite some scepticism surrounding bluetooth technology, shares in Parthus closed up 21/4p at 39.5p, an increase of 6 per cent on the day.
Bluetooth has not lived up to its hype because of technical problems and the high cost of producing devices capable of sending and receiving signals.
But Mr Paul Phelan, analyst with Davy Stockbrokers, said yesterday the deal proved the firm could work with the biggest and the best.
He said most of the licence revenue had already been booked by Parthus, though the firm would benefit from royalty payments next year.
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