LONDON – Holding company Xtrion (Tessenderloo, Belgium), majority owner of X-Fab Silicon Foundries, has led an investment round of $2.6 million in MEMS energy harvest company MicroGen Systems Inc. (Ithaca, N.Y.). The financing includes non-dilutive funds equaling $800,000 from a separate licensing agreement, and a contract with the New York State Energy Research Development Authority.
MicroGen, founded in 2007, is developing energy harvesting products based on its MEMS-based piezoelectric platform technology installed at an X-Fab production facility. The first product is a wafer-level packaged micro-power generator that scavenge otherwise wasted ambient vibrational energy to extend the lifetime of batteries - or replace batteries – in low power wireless sensor applications.
MicroGen has said intends to develop other piezoelectric platform devices such as sensors with integrated energy harvest capability.
"Xtrion believes that the MEMS-based piezoelectric vibrational energy harvester (PZEH) technology being commercialized by MicroGen will play a significant role in wireless sensor markets within many different industries from industrial and automotive, to household and consumer," said Rudi De Winter, managing director of Xtrion. De Winter becomes a director of the MicroGen.
Robert Andosca, CEO and Co-Founder, said: "MicroGen is now poised to move into production of our piezoelectric platform devices on a major scale for initial applications in the industrial and commercial markets. The relationship with a strong semiconductor investment house enables us to reach markets more readily, and to have resources that will enable a faster ramp for MicroGen."
MicroGen Systems is included in version 13.0 of the Silicon 60 list of emerging startups published by EE Times
. MicroGen entered the list at version 13.0 in April 2012.Related links and articles:
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