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Dialog Semiconductor Invests In Innovative Power Management Start-Up Company
KIRCHHEIM, Germany & TECK, Germany --(Business Wire)--
Dialog Semiconductor (News - Alert) plc (FWB: DLG), a provider of highly integrated
power management, audio and short range wireless technologies, today
announced a strategic equity investment into Arctic Sand Technologies,
Inc., an MIT (News - Alert) spin-off commercialising an innovative new approach to
power conversion for multiple markets, including smartphones, tablets,
ultrabooks(TM) and data centres. The investment was part of a Series A
funding round, with Dialog participating alongside other venture capital
and strategic investors. The terms of Dialog's investment are not
disclosed.
DC-to-DC power converters are the underlying building block of today's
power management Integrated Circuits (ICs). Arctic Sand's patented
TIPS(TM) (Transformative Integrated Power Solutions) technology uses a
unique approach for conversion, based on switch capacitive techniques.
The technology facilitates the use of smaller inductive components,
resulting in increased efficiency and an overall higher power density
factor over and above today's competing technologies, delivering
significant advantages in portable and data centre applications.
Dr Nadia Shalaby, CEO and Co-Founder, Arctic Sand Technologies,
commented, 'We are very pleased to have attracted investment and support
of Dialog, which already provides power management technology to some of
the world's biggest smartphone and portable device vendors. This
strategic investment will help us accelerate the commercialisation of
our technology.'
Mark Tyndall, Vice President of Corporate Development and Strategy at
Dialog Semiconductor, said, 'As part of our advanced technology
development strategy, we support innovative start-up companies for
emerging technologies. Arctic Sand's TIPS(TM) power management
technology, together with their MIT relationship, perfectly complements
our technology portfolio and Dialog's support of such technologies will
help us maintain leadership at the forefront of power management
innovation.'
ENDS
About Dialog Semiconductor Dialog Semiconductor creates highly
integrated, mixed-signal integrated circuits (ICs) optimised for
personal portable, low energy short-range wireless, lighting, display
and automotive applications. The company provides flexible and dynamic
support, world-class innovation and the assurance of dealing with an
established business partner.
With its focus and expertise in energy efficient system power
management, and with a technology portfolio including audio, short range
wireless and VoIP technology, Dialog brings decades of experience to the
rapid development of ICs for personal portable applications including
Smartphones, Tablet PCs, digital cordless and gaming applications.
Dialog's power management processor companion chips are essential for
enhancing both the performance in terms of extended battery lifetime and
the consumers' multimedia experience. With world-class manufacturing
partners, Dialog operates a fabless business model. Dialog Semiconductor
plc is headquartered near Stuttgart with a global sales, R&D and
marketing organisation. In 2012, it had approximately US$774 million in
revenue and was one of the fastest growing European public semiconductor
companies. As of September 2012, the company had approximately 760
employees. The company is listed on the Frankfurt (FWB: DLG) stock
exchange and is a member of the German TecDax index.
About Arctic Sand Founded in 2011, Arctic Sand Technologies is a
privately held, fabless semiconductor company, spun out of MIT, based in
Cambridge, Mass. The company's power-conversion platform has the
potential to transform power management in electronic devices.
Arctic Sand has already earned numerous prestigious industry
recognitions, including the 2011 NASA Game Changer Award, the US
Department of Energy U-Launch Award and the NREL Industry Growth Forum
Grand Prize Award. The company is also the recipient of the National
Science Foundation's Small Business Innovation Research Phase 1 grant.
For more information about Arctic Sand, please contact info@arcticsand.com
End of Corporate News
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Language:
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English
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Company:
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Dialog Semiconductor Plc.
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Tower Bridge House, St. Katharine's Way
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E1W 1AA London
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United Kingdom
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Phone (News - Alert):
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+49 7021 805-412
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Fax:
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+49 7021 805-200
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E-mail:
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jose.cano@diasemi.com
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Internet:
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www.diasemi.com
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ISIN:
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GB0059822006, XS0757015606
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WKN:
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927200
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Indices:
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TecDAX
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Listed:
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Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
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in Berlin, Düsseldorf, Hamburg, München, Stuttgart
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