Nanotechnology Now





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

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Nanometrics to Participate in 7th Annual CEO Investor Summit 2015: Investor Event Held Concurrently With SEMICON West in San Francisco June 25th, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Announces 1,000 Qubit Processor and is Discussed in the Economist June 23rd, 2015

Nanowire LED Innovator Aledia Completes $31 Million Series B Financing June 18th, 2015

MEMS

Robust new process forms 3-D shapes from flat sheets of graphene June 23rd, 2015

Slip sliding away: Graphene and diamonds prove a slippery combination June 10th, 2015

MEMS Industry Group Hosts Its First MEMS/Sensors Conference Session at Transducers 2015: MIG Speakers Will Explore Technology Transfer, Emerging MEMS/Sensors, Manufacturing Infrastructure and Process Technology, June 23 in Anchorage June 3rd, 2015

Janusz Bryzek Joins MEMS Industry Group to Lead New TSensors Division - New Division will Focus on Accelerating Development of Emerging Ultra-high Volume Sensors Supporting Abundance, mHealth and IoT May 14th, 2015

Sensors

New Biosensor Produced in Iran to Detect Effective Drugs in Cancer Treatment July 4th, 2015

Groundbreaking research to help control liquids at micro and nano scales July 3rd, 2015

New micro-supercapacitor structure inspired by the intricate design of leaves: A team of scientists in Korea has devised a new method for making a graphene film for supercapacitors July 2nd, 2015

Carnegie Mellon chemists characterize 3-D macroporous hydrogels: Methods will allow researchers to develop new 'smart' materials June 30th, 2015

Announcements

A 'movie' of ultrafast rotating molecules at a hundred billion per second: A quantum wave-like nature was successfully observed in rotating nitrogen molecules July 4th, 2015

New Biosensor Produced in Iran to Detect Effective Drugs in Cancer Treatment July 4th, 2015

Clues to inner atomic life from subtle light-emission shifts: Hyperfine structure of light absorption by short-lived cadmium atom isotopes reveals characteristics of the nucleus that matter for high precision detection methods July 3rd, 2015

Pioneering Southampton scientist awarded prestigious physics medal July 3rd, 2015

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