Strategic investment into MIT spin-off Arctic Sand's new TIPS(TM) technology delivers breakthrough in power conversion efficiency
KIRCHHEIM, Germany & TECK, Germany, Jan 14, 2013 -- Dialog Semiconductor 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 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.'
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 firstname.lastname@example.org