.gif)
.gif)
Industry News
September 17, 2012
Lilliputian Systems, Inc. Announces $40 million of a planned $60 million Equity Financing Round
Lilliputian Systems, Inc. has closed on $40 million of a planned $60 million equity financing round, led by the Russian $10 billion investment fund RUSNANO, headquartered in Moscow. RUSNANO, which focuses on the development of the Russian nanotechnology industry through co-investments in nanotechnology projects, joins Lilliputian's current blue chip investors including Intel Corporation, Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, and Fairhaven Capital.
Recommended: Eaton and CA Technologies Join to Deliver Infrastructure Management for Data Centers
The capital will enable Lilliputian to scale manufacturing operations and launch its initial product, the USB Mobile Power System (MPS), a revolutionary portable system for powering and charging virtually all mobile phones and countless other consumer electronic devices. As part of the transaction, the company plans to open a business development office and a research and development and manufacturing facility in Moscow. RUSNANO Managing Director Georgy Kolpachev will become a member of Lilliputian's board of directors.
"We are happy to announce this round of financing," said Lilliputian CEO Ken Lazarus. "This capital provides the funds necessary to finalize manufacturing set-up, launch the USB MPS to consumers, and continue expanding our talented staff in functional areas across the firm. Furthermore, the opportunity to tap into the vast scientific and technical resources available to us in Moscow as well as gain access to the fast-growing and vibrant Russian Federation consumer market were significant factors in selecting RUSNANO. We could not be happier to welcome them to our investment group."
Related: Alstom Grid and KEPCO Create Strategic HV Power Electronics Joint Venture
The USB MPS is a compact, lightweight and portable device that powers and charges a variety of consumer electronic products, such as smart phones, tablets, mp3 players, eReaders, Bluetooth headsets and digital cameras -- virtually any USB compatible device. This game-changing product has the capacity to power/recharge consumer electronic devices for several weeks on a single power cartridge without the need for traditional wall outlets, providing true wireless mobility. "It's like having a wall outlet in your pocket," said Lilliputian VP of Business Development Mouli Ramani. The power cartridges are safe, easy-to-use, inexpensive and recyclable. The revolutionary USB MPS is based on Lilliputian's innovative Silicon Power Cell™ technology, which incorporates several key SOFC, MEMS and nanotechnology elements. The product has already been approved for carry-on and use on both domestic and international flights.
"RUSNANO is eager to invest in up-and-coming nanotechnology companies around the world," said Mr. Kolpachev. "We believe Lilliputian's core technology is fundamentally superior to comparable solutions, and their first product, the USB MPS addresses a significant and growing market need. We are excited to be part of the team commercializing this technology and are confident in its success. Moreover, this is a win-win situation for RUSNANO, Lilliputian and the Russian high-tech industry. Establishing R&D and manufacturing facilities in Moscow will leverage the significant talent, expertise and accomplishments of Russian engineers and scientists in nanotechnology, MEMS and fuel-cells for the benefit of Lilliputian and the Russian Federation."
Opinion: Maximising Synergies between Power Electronics and ICT for improving Energy Efficiency
Lilliputian Systems, Inc. has developed the world's first Personal Power™ solution for Consumer Electronics (CE) devices, a revolutionary family of products targeted at the $50 billion portable power market. The company's breakthrough solution delivers the only viable small form-factor battery replacement that provides the enormous run-time improvements demanded by today's CE devices. Lilliputian's patented Silicon Power Cell™ technology is based on highly efficient solid oxide fuel cells (SOFCs) and microelectromechanical systems (MEMS) wafer fabrication methods, including key nanotechnology elements, and is fueled by recyclable high energy butane cartridges. The technology is reliable, safe, environmentally friendly and approved for carriage and use on domestic and international flights. Lilliputian's solution enables a 5-10X longer run-time versus similarly sized batteries. The company's elegantly designed solution both complements today's devices and can seamlessly integrate into future devices -- all while ensuring the consumer enjoys an essentially infinite supply of Personal Power™ for their CE devices.
RUSNANO was established in March 2011 as an open joint stock company through the reorganization of the state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Work to establish a nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through the reorganization of the Russian Corporation of Nanotechnologies.
Share this story
Send via E-mail
Post to Twitter
On the Web:
White Papers
March 11, 2013
Power Modules for Charger Applications
Sponsored by Vincotech
February 27, 2013
The Adaptive Cell Converter Topology Enables Constant Efficiency Over Universal Input AC Line in Front-End, High-Density Power Factor Correction Applications
Sponsored by Vicor Corp.
February 27, 2013
From 48 V direct to Intel VR12.0: Saving "Big Data" $500,000 per datacenter, per year
Sponsored by Vicor Corp.
More White Papers
- Altera Acquires Enpirion for $140 Million, Forms Power Business Unit
- Ericsson Saves Board Space with Surface-Mount Digital Bus Converter
- SiC Modules, IGBTs and Super-Junction MOSFETs Introduced on Day One of PCIM
- SiC and GaN Again a Major Focus at PCIM Europe
- PowerbyProxi Joins Wireless Power Consortium
- Vincotech and Infineon Introduce New Packaging Options at PCIM Europe
- Bosch Claims First Sub-$450 240V EV Charging Station
- Eaton and CA Technologies Join to Deliver Infrastructure Management for Data Centers
- DOE Selects Consortium to Develop Next-Generation Batteries for Automobiles
- Dana Receives Grant from NRCan to Improve Thermal Management for EV Battery Packs
- Power-One Gets $1 Billion – ABB Gets Inverters
- Renesas Adds IGBT Drivers with Micro-Isolator for Electric and Hybrid Vehicle Inverters
- European Project Reports Achievements in Drive to Shape the Future of Power Microelectronics
- Bosch Claims First Sub-$450 240V EV Charging Station
- Eltek Signs Agreement with Caterpillar on Telecom Hybrid Systems
- LED Lighting Power & Dimming Controls Introduced by Phihong
- Digitally-Isolated Gate Drivers Provide Robust Drop-in Replacements for Opto-Drivers
- Power-One Q1 2013 Results include 4 Cents-per-Share Loss due to Synqor Litigation
- Europeans Establish Dueling Projects to Advance Power Electronics Technologies
- Fairchild's Integrated Low-Side Gate Driver Incorporates 3.3-V LDO in 5-Lead SOT-23
- Green Building Power Forum 2010: Fujitsu Components America
- Darnell's Digital Power Forum 2009: CUI Incorporated
- Green Building Power Forum 2010: EMerge Alliance
- Green Building Power Forum 2010: Anderson Power Products
- Green Building Power Forum 2009: Independence Station
- Darnell's Digital Power Forum 2009: Coilcraft
- Darnell's Digital Power Forum 2009: Champs Technologies
- Darnell's Digital Power Forum 2009: EXAR Corporation
- Darnell's Digital Power Forum 2009: PMBus
- Darnell's Digital Power Forum 2009: Power Plaza
Design Features
October 22, 2012
Energy Efficiency with Class D Amplifier Modules
Class-D switching amplifiers are helping audio designers create personal multimedia devices and home audio/visual systems that demonstrate how compact and stylish equipment can also deliver high sound quality and high audio output power. The key to this breakthrough, providing freedom from the large and bulky boxes housing traditional audio products, lies in the class-D amplifier’s high energy efficiency, which is typically around 90%. This allows designers to reduce or eliminate heatsinks as well as using smaller-sized PCBs and smaller components such as transformers, connectors and power supplies.
Design Features
October 8, 2012
The Role of Hall Effect Sensors in Power Distribution Infrastructure
Power distribution units (PDUs) form an essential part of modern computing and data communications hardware. They provide multiple outputs for transferring electrical power with maximum efficiency, controlling the power capacity and safeguarding against the possible causes of supply interruption. With an ever increasing need from tech savvy consumers for higher data throughput and greater quantities of data storage capacity, as well as tough international legislation now governing CO&sub2; emissions, the demands being placed on these units are proving challenging for engineering teams to satisfy.
Product Focus
August 13, 2012
The Year in AC-DC Power Supply Technology
The past year witnessed significant new product releases, technological developments, and industry news related to the field of AC-DC Power Supply technology.