Home > Press > Virtus Japan K.K. Established
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
Virtus Advanced Sensors
Copyright © Business Wire
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Malaysian Nanotechnology Company Nanopac Innovation Ltd. lists on the NSX January 19th, 2015
Aspen Aerogels, Inc. to Present at the Needham Growth Conference January 8th, 2015
Blend Therapeutics Secures $21 Million Financing and Unveils Novel Pentarin™ Platform for Cancer Therapeutics: Company’s Technology and Expertise in Cancer R&D Evolve to Create New Class of Miniaturized Biologic Drug Conjugates (mBDCs) Encapsulated in Nanoparticles January 8th, 2015
Nanometrics to Announce Fourth Quarter and Full Year Financial Results on February 2, 2015 January 7th, 2015
CNSE's Smart System Technology & Commercialization Center Successfully Recertifies as ISO 9001:2008 January 12th, 2015
Piezoelectricity in a 2-D semiconductor: Berkeley Lab researchers discovery of piezoelectricty in molybdenum disulfide holds promise for future MEMS December 22nd, 2014
MEMS Industry Group's 10th Annual Executive Conference Showcases Rapid Innovation in MEMS/Sensors: Emphasizes Spirit of Collaboration, Supporting First Open-Source Algorithm Community, New Standardization Efforts November 10th, 2014
MEMS & Sensors Technology Showcase: Finalists Announced for MEMS Executive Congress US 2014 October 23rd, 2014
Detection of Heavy Metals in Samples with Naked Eye January 26th, 2015
GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015
Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015
Iranian Scientists Produce Graphene-Based Oxygen Sensor January 23rd, 2015
Iranian Researchers Planning to Produce Edible Insulin January 28th, 2015
Nanoparticles that deliver oligonucleotide drugs into cells described in Nucleic Acid Therapeutics January 28th, 2015
'Bulletproof' battery: Kevlar membrane for safer, thinner lithium rechargeables January 28th, 2015
Spider electro-combs its sticky nano-filaments January 28th, 2015