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Unterpremstätten, Austria and Victor, NY - January 17, 2008 -
austriamicrosystems (SWX: AMS), 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
SQUIGGLE 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 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. "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) is an innovation and
micro-manufacturing company delivering ingeniously small motion systems. We
serve worldwide markets for mobile products, medical devices, defense and
security systems and industrial instruments. Every day our creative engineers
and scientists use their deep understanding of micro-mechatronic technologies to
solve the most demanding customer problems. Since 2002, the company has been
awarded six patents with more pending. We combine our talents with the
capabilities of our global strategic partners, who provide “best in class”
integrated circuits, ceramic components and high-volume manufacturing. Through
direct customer engagements, continuous innovation and strategic partnerships,
we deliver disruptively small, precise and low-power motion systems that enable
our customers to create smaller feature-rich products.
New Scale’s SQUIGGLE® micro motors, TRACKER™ position sensors and M3 micro-mechatronic
modules enable design engineers to create smaller products including cameras for
mobile phone, medical, military and industrial applications; portable drug
delivery and implantable medical devices; endoscopes; precision tuning devices;
electronic locks; UAV controls; precision optics and photonic control systems;
and cryogenic and MRI-compatible instrumentation.
SQUIGGLE is a registered trademark and TRACKER and New Scale Pathway are trademarks of New Scale Technologies, Inc.
Please note: Press releases are current as published, but are not updated
after posting. Refer to our product pages for current product information including
specifications.
About austriamicrosystems
austriamicrosystems 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 in Zurich
(ticker symbol: AMS).
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