Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Virtus Japan K.K. Established

Abstract:
Tokyo-Based Innovation Engine Invests in Virtus

Virtus Japan K.K. Established

PITTSBURGH, PA & TOKYO, JAPAN | Posted on March 14th, 2007

Virtus Advanced Sensors (VAS) has recently established a wholly-owned subsidiary in Tokyo, Japan, Virtus Japan Kabushiki Kaisha (K.K.). Virtus Japan offices will be located at the Tennoz Central Tower building on Tennoz Island, next to the Shinagawa area in the heart of downtown Tokyo.

Virtus Japan will engage in advanced R&D and new product development activities with local Japanese companies, including affiliated firm Wacoh Research. The company will work jointly with applications providers and customers on the integration of its technology into finished consumer electronics and related products. Virtus Japan will greatly facilitate the company's plan to develop a long-term presence in the country and in the Asian region as a whole. The Japanese market is seen as a key to the growth of the company considering its prominent position as a "first-mover" market in regard to the introduction of new novel technologies in next-generation consumer electronics products. Japan also is a world leader in the robotics, wireless device and gaming industries which are expected to be significant consumers of MEMS enabled inertial sensor components and subsystems in the future.

Innovation Engine, Japan`s largest MEMS and nanotechnology venture capital group has committed at least $1m in capital to Virtus and will be the lead VC in Japan for the company in its current funding round. According to Mutsunori Sano, President & CEO of Innovation Engine, "there is a great deal of university research and industry interest in MEMS in Japan Mr. Kazuhiro Okada (Virtus CTO, co-founder and board member of VAS) is a famous Japanese innovator and has developed an outstanding patent portfolio in MEMS multi-axis inertial sensor technology. Virtus will commercialize and build upon this foundation to develop innovative MEMS enabled products soon. The company is in ideal position to recruit an excellent, experienced engineering staff, including here in Japan. VAS has a strong global network of MEMS R&D and industry expertise to draw from so as to quickly provide new MEMS applications and devices in the near future. We, Innovation Engine Inc., certainly understand the potential of the unique VAS business model, based on our experience as investors in MEMS, nanotechnology and other key emerging technology companies in Japan and abroad. IE strongly expects VAS to be one of the leading MEMS technology venture companies in the world."

Innovation Engine is a Tokyo-based venture capital fund, managing over $60m in investment capital targeting key emerging technologies. Limited partners include Mizuho Bank, Mizuho Capital Ventures, Orix Capital, Ricoh, Fuji Electric, Micronics Japan, Marubeni, Rakuten, Yasuda Development, Cosmo Securities, Toyo Securities, Resona Bank, Aozora Bank, and the Organization for SMEs and Regional Innovation in Japan

####

About Virtus Advanced Sensors
Virtus Advanced Sensors is a next-generation sensor company commercializing multi-axis inertial sensors including accelerometers, gyros and integrated motion sensors developed based on MEMS (Micro Electro-Mechanical Systems) technology.

For more information, please click here

Contacts:
Virtus Advanced Sensors

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events May 10th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

MEMS

New research unveils graphene 'moth eyes' to power future smart technologies: New ultra-thin, patterned graphene sheets will be essential in designing future technologies such as 'smart wallpaper' and Internet-of-things applications March 1st, 2016

Vesper Collaborates with GLOBALFOUNDRIES to Deliver First Piezoelectric MEMS Microphones: Acoustic sensing company works with top foundry to support mass-market consumer products January 21st, 2016

MEMS & Sensors Industry Group Previews “Internet of MEMS & Sensors” at CES 2016 -- Global industry association invites CE OEMS/integrators to conference track on January 7 January 6th, 2016

SITRI and Accelink Announce Cooperative Agreement on Opto-Electronic Communication December 31st, 2015

Sensors

Dartmouth team creates new method to control quantum systems May 24th, 2016

Electronic device detects molecules linked to cancer, Alzheimer's and Parkinson's: An inexpensive portable biosensor has been developed by researchers at Brazil's National Nanotechnology Laboratory with FAPESP's support May 20th, 2016

Making organs transparent to improve nanomedicine (video) May 13th, 2016

Scientists take a major leap toward a 'perfect' quantum metamaterial: Berkeley Lab, UC Berkeley researchers lead study that uses trapped atoms in an artificial crystal of light May 13th, 2016

Announcements

Diamonds closer to becoming ideal semiconductors: Researchers find new method for doping single crystals of diamond May 25th, 2016

Light can 'heal' defects in new solar cell materials: Defects in some new electronic materials can be removed by making ions move under illumination May 24th, 2016

Attosecond physics: A switch for light-wave electronics May 24th, 2016

Supercrystals with new architecture can enhance drug synthesis May 24th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic