austriamicrosystems Completes Equity Investment In Micro Motor Manufacturer New Scale Technologies
austriamicrosystems 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, New York.
The investment underscores a strategic partnership for product development and new business development in which the companies will integrate austriamicrosystems’ 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 – said to be 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 6mm 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."