News Article
austriamicrosystems completes equity investment in New Scale Technologies
austriamicrosystems, a designer and manufacturer of analog ICs for communications, industry, medical and automotive applications, and New Scale Technologies, Inc., a developer and manufacturer of miniature motion systems, 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 companies will integrate austriamicrosystems' analog ICs with New Scale's patented piezoelectric SQUIGGLE motors to create extremely small motion systems. The partners are already working on the integration of New Scale's tiny SQUIGGLE motors, with custom motor controller and position sensor 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, CEO and CTO of New Scale. "Tapping austriamicrosystems' expertise in power-efficient analog ICs and precision magnetic sensors, we can provide our customers with complete ‘closed loop' motion solutions that incorporate micro motors, drive electronics and position sensors in extremely small modules, ready for integration into OEM products."
As part of their strategic partnership, austriamicrosystems and New Scale are actively pursuing opportunities in auto focus and optical zoom modules for mobile phone cameras, actuators for electronic locks, micro fluidic 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
"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, CEO and CTO of New Scale. "Tapping austriamicrosystems' expertise in power-efficient analog ICs and precision magnetic sensors, we can provide our customers with complete ‘closed loop' motion solutions that incorporate micro motors, drive electronics and position sensors in extremely small modules, ready for integration into OEM products."
As part of their strategic partnership, austriamicrosystems and New Scale are actively pursuing opportunities in auto focus and optical zoom modules for mobile phone cameras, actuators for electronic locks, micro fluidic 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
