austriamicrosystems Completes Equity Investment in Micro Motor Manufacturer New Scale Technologies.
Leading Analog IC Provider Forms Strategic Business and Technical Partnership with Privately-Held Developer and Manufacturer of Miniature Motion Systems
UNTERPREMSTAETTEN, Austria & VICTOR, N.Y. -- austriamicrosystems (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange)
SWX SolidWorks (3D solid modeling CAD software)
SWX Splitter / Wave Division Multiplexer :AMS AMS - Andrew Message System ), a leading worldwide designer and manufacturer of high performance analog ICs for communications, industry & medical and automotive applications, and New Scale Technologies, Inc., a developer and manufacturer of miniature motion systems, today announced the completion of a Series B preferred equity transaction. austriamicrosystems has made a $6 million investment in exchange for a 25% minority share in privately-held New Scale of Victor, NY.
The investment underscores a strategic partnership for product development and new business development in which the companies will integrate austriamicrosystems' high-performance analog ICs with New Scale's patented piezoelectric The property of certain crystals that causes them to produce voltage when a mechanical pressure is applied to them such as sound vibrations. This technique is used to build crystal microphones, phonograph cartridges and strain gauges, all of which turn mechanical movement into voltage. SQUIGGLE See tilde. motors to create "disruptively small" motion systems. The partners are already working on the integration of New Scale's tiny SQUIGGLE motors, the world's smallest linear motors, with custom motor controller and position sensor A position sensor is any device that enables position measurement. It can either be an absolute position sensor or a relative one(displacement sensor). Position sensors can be either linear or angular. ICs from austriamicrosystems. By reducing the supporting control electronics to single ICs, the partnership allows New Scale to create complete motion systems on the same scale as its miniature motors, currently less than 2 x 2 x 6 mm in size.
"This partnership enables us to produce a new line of disruptively small motion systems with best-in-class precision and power efficiency," said David Henderson David Henderson may be:
As part of their strategic partnership, austriamicrosystems and New Scale are actively pursuing opportunities in auto focus and optical zoom Changing the focal length of a camera by adjusting the physical zoom lens. All zoom lenses in film cameras and digital single lens reflex (DSLR) cameras are optical zoom. Digital point-and-shoot cameras as well as consumer and prosumer video camcorders have optical zoom, but they also modules for mobile phone cameras, actuators for electronic locks, micro fluidic flu·id·ic
1. Of, relating to, or characteristic of a fluid.
2. Relating to or controlled by fluidics. pumps for medical devices, and active control systems for automotive components.
"New Scale's SQUIGGLE motor is a powerful new technology that will have a disruptive impact on communications, medical and automotive system product designs requiring small motion systems," commented John Heugle, CEO of austriamicrosystems. "Our products enable New Scale to create the next generation of miniature motion modules; therefore we have decided to actively support New Scale's market penetration strategy by entering into a strategic partnership and becoming a shareholder in New Scale. Our partnership will result in a complete solution that will accelerate market penetration for New Scale's products and open up new applications for our high performance analog ICs."
About New Scale Technologies
New Scale Technologies (www.newscaletech.com) creates disruptively small motion systems. Based on its patented SQUIGGLE motor technology, New Scale invents, manufactures and sells miniature ultrasonic motors and integrated positioning systems. SQUIGGLE motors are powerful, precise, simple, and compatible with extreme environments. These miniature motors enable design engineers to create smaller products including mobile phone cameras, electronic locks and fasteners, medical devices such as micro pumps and endoscopes, imaging systems, automotive modules, lasers, aerospace and defense systems, cryogenic and MRI-compatible instruments, and micro fuel cells.
austriamicrosystems (www.austriamicrosystems.com) is a leading designer and manufacturer of high performance analog ICs, combining more than 25 years of analog design capabilities and system know-how with its own state-of-the-art manufacturing and test facilities. austriamicrosystems leverages its expertise in low power and high accuracy to provide industry-leading customized and standard analog products. Operating worldwide with more than 1,000 employees, austriamicrosystems focuses on the areas of power management, sensors & sensor interfaces, portable audio and car access in its markets Communications, Industry & Medical and Automotive, complemented by its Full Service Foundry activities. austriamicrosystems is listed on the SWX Swiss Exchange SWX Swiss Exchange
An all-electronic securities exchange formed from the 1995 merger of exchanges in Geneva, Basel, and Zurich. The exchange offers trading in equity securities, investment funds, exchange-traded funds, bonds, Eurobonds, and options. in Zurich (ticker: AMS).