LONDON – Ident Technology AG, a developer of proximity sensing and gesture recognition ICs, has received 2.9 million euro (about $4.1 million) to fund the development of its GestIC three-dimensional (3-D) gesture control chip using a fabless semiconductor business model.
Ident (Wellsing, Germany), founded in 2002, develops and provides proximity sensor technology based on electric-field sensing. The GestIC allows electronics manufacturers to implement user interfaces using any type of free-space gesture to control the functions of a product, the company claimed.
The money has been provided by existing investors MIG Associated Fonds and Danube Equity and brings the total invested in Ident to more than 10 million euro (about $14 million). The latest investment is intended to cover development and marketing of the Gestic chip and the related EZApplication range of software.
Unlike any other gesture control system, GestIC utilizes near-field electric sensing. The GestIC chip is part of Ident's patented and scalable Z-Sense core technology pool.The GestIC allows detection and tracking of hand or finger movements
over a device's surface or a display and converts them into gesture
commands and co-ordinates to control consumer products.
"Our investment will help Ident become a fabless company, develop the GestIC chip, and accelerate market penetration for its technology," said Michael Motschmann, CEO of MIG Fonds AG, in a statement issued by Ident. Roland Aubauer, chief technology officer of Ident, said; "We are already engaged with key tier-one consumer electronics manufacturers to bring this disruptive gesture control technology to the mass market."
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