MicroGen Systems announced this week that XTRION, a closely held holding company located in Tessenderloo, Belgium, completed the first investment round of the company. The reportedly oversubscribed raise was a total of $2.6 million, which includes non-dilutive funds equaling $800,000 from a separate licensing agreement, and a contract with the NY State Energy Research Development Authority. XTRION has holdings in multi-national semiconductor and MEMS companies, including a presence in the United States, Europe and Asia.
"MicroGen's core principal devices will have a
direct positive environmental impact. 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 markets as well," said XTRION's Managing Director
Rudi De Winter.
"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," said Dr. Robert Andosca, CEO and Co-Founder.
MicroGen also announced that Mr. De Winter has become a member of the Board of Directors of the company.
MicroGen is bringing to market a suite of products based on its proprietary MEMS enabled piezoelectric technology. MicroGen is fabricating its devices at X-FAB Silicon Foundries' production facility located north of Hamburg, Germany.
MicroGen's first product is a small (volume < 0.05 to 0.50 cm3; smaller than a green pea) wafer-level packaged PZEH or micro-power generator. According to the company, these devices are "low cost" and have "a long lifetime of more than 20 years" that scavenge otherwise wasted ambient vibrational energy will replace or extend the lifetime of batteries in low power wireless sensor applications. MicroGen plans to unveil other piezoelectric platform devices as well. MicroGen is located in Ithaca, NY and developed its core piezoelectric technology at Cornell University.
XTRION is the majority owner of X-FAB Silicon Foundries AG, Melexis N.V., m-MOS Semiconductor, as well as other semiconductor companies. XTRION is based in Tessenderlo, Belgium.