Market leader in energy-efficient wireless communication solutions attracts investment for its global expansion strategy from international investor syndicate
Nanotron Technologies, the leading provider of energy-efficient location-aware wireless solutions, today announced it has completed the funding round led by London-based Cleantech investor zouk ventures ltd and DEWB. zouk and DEWB invest alongside Nanotron's other investors, consisting of Polytechnos, Danfoss, and IBB Beteiligungsgesellschaft - VC Fonds Berlin. The executive management team also participated in the funding round. The new investment will allow Nanotron to continue its aggressive international growth.
The company will use the funding to further increase market share and customer adoption of its chirp-based energy-efficient wireless solutions. Sales and marketing presence will expand in growing international markets, aiming to capitalize on its current success within the key sectors of mobile, consumer, manufacturing, logistics and healthcare. Furthermore, the new capital will support product development, continuing the company's track record for innovation.
Commenting on their first major new investment for three years, Bertram Köhler, Member of the DEWB Management Board, and said “With Nanotron's unique and patented technology, its success in standardization backed by a highly experienced management team, there is significant potential for Nanotron to gain a disproportionate benefit from the growth in the market for wireless communication and location. The fact that Nanotron has successfully attracted high-profile key clients demonstrates the value of this investment decision,” stated Köhler, who joins the Nanotron Board of Directors.
“With its superior reliability and precision compared to other technologies, and the much lower energy consumption of the transmission method, even in harsh radio environments, Nanotron's system offers a wide range of potential uses,” explains Felix von Schubert, Partner at zouk ventures and member of the Nanotron Board of Directors. He went on to add: “Whether it's an industrial application for container or asset tracking, modern traffic control systems or applications for the integration of intelligent energy meters, the fast and straightforward assembly of the necessary infrastructure enables users to implement these networks on an ad-hoc basis in accordance with the “plug & play” principle.”
“We are particularly pleased with this investment from DEWB alongside our existing partners as this vindicates the strength of our business proposition,” says Dr. Jens N. Albers, Nanotron's CEO. “DEWB's experience will enable us to expand and capitalize on our growing international customer base.”
For further information:
zouk ventures limited
Philip Tomlin - Investor Relations
+44 (0)20 7947 3421
Founded in 1999, zouk is a London based investment manager focusing on Cleantech as well as renewable and environmental infrastructure. zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Limited. For further information please visit www.zouk.com
About Nanotron Technologies
Nanotron Technologies is a leader and innovator in the design, manufacturing and sales of world-class wireless products for manufacturing, logistics and healthcare applications. These products include integrated circuits, modules, and board level subsystems based on its patented Chirp transmission system. Chirp technology guarantees high robustness and ultra-low energy consumption. Nanotron's Chirp technology is part of the IEEE 802.15.4a standard for wireless PANs. The company's key product, nanoLOC, works in the license-free ISM band at 2.4 GHz, and was developed for the booming RTLS, sensor networking and industrial control markets. Nanotron Technologies was founded in 1991 and is an active member of IEEE, ISO, EPC-Global and the ZigBee alliance. The company is headquartered in Berlin, Germany.