Anacon Systems Signs $3.0 Million Funding Deal; Variable Speed AC Motor Controller Card Manufacturer Receives Second Round Financing by Spencer Trask Securities.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 19, 1998--Anacon Systems, Inc. announced today a $3.0M private placement offered through Spencer Trask Spencer Trask was an American financier, philanthropist, and venture capitalist. Beginning in the 1870s, Trask began investing and supporting entrepreneurs, including Thomas Edison's invention of the electric light bulb. Securities of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The variable speed motor controls company, incorporated in July 1997, received its initial funding of approximately $1.1M from private investors, including Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). . Anacon Systems dspeed AC induction motor Induction motor An alternating-current motor in which the currents in the secondary winding (usually the rotor) are created solely by induction. These currents result from voltages induced in the secondary by the magnetic field of the primary winding (usually systems at cost parity with DC motor alternatives in addition to creating significant energy consumption savings for the end user. The new fund iand international regulatory requirements. his network of over 3,000 sophisticated investoe market opportunity for their product. We all ational potential to create significant energy cs and software algorithms. These systems providAnacon Systems is privately held. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion