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Victor, NY - March 24, 2008 - New Scale
Technologies, Inc. has expanded its SQUIGGLE motor license agreement
with Tamron Co., Ltd. (www.tamron.co.jp),
a leading global manufacturer of high-precision optics and optical
assemblies. The new multimillion dollar agreement extends and
expands Tamron’s license to use New Scale’s patented piezoelectric
SQUIGGLE motor – the world’s smallest linear motor.
The new agreement grants Tamron a license to manufacture SQUIGGLE
motors and integrate them into Tamron products at its high-volume
precision manufacturing facilities in Japan and other parts of Asia.
Tamron may also produce SQUIGGLE motors as a contract manufacturer
for New Scale as needed. Tamron has a 50-year history of precision,
high-volume manufacturing and a reputation for high quality.
New Scale will continue to produce SQUIGGLE motors at its Victor, NY
manufacturing facility with a production capacity of up to 100,000
motors per month, for applications including research, electronic
locks and medical devices. Collaboration with Tamron extends that
capacity for high-volume consumer products such as mobile phone
cameras.
“Our successful collaboration with Tamron has allowed New Scale to
make inroads into the mobile phone camera market, and this expanded
agreement is a key part of our strategy to meet this market’s demand
for millions of tiny motors per month,” said Ted Franceschi, co-CEO
and chief development officer at New Scale. “It is another milestone
in our build-up of global manufacturing and supply chain
capabilities for SQUIGGLE motors, both at our US manufacturing
center and at our partners’ facilities close to customers around the
world.”
Tamron is traded on the Tokyo Stock Exchange (TSC- Section 1).
About New Scale Technologies
New Scale Technologies (www.newscaletech.com) creates disruptively small
motion systems based on our patented piezoelectric SQUIGGLE® motor, the world’s
smallest linear motor. This ultrasonic motor is smaller, more precise, less
expensive, more robust and more power-efficient than other micro motors. We
create complete motion systems integrating SQUIGGLE motor technology with
supporting electronics (ASICs) developed in partnership with austriamicrosystems (www.austriamicrosystems.com).
New Scale’s micro motors and micro-actuator modules enable design engineers
to create smaller products including mobile phone cameras, electronic locks and
intelligent fasteners, nano-scale fluid control including lab-on-a-chip systems,
medical devices including miniature drug pumps and endoscopes, optics and
imaging systems, automotive modules, lasers, aerospace and defense systems,
cryogenic and MRI-compatible instruments, and consumer electronics including
micro fuel cells.
SQUIGGLE is a registered trademark of New Scale Technologies, Inc.
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