EnOcean GmbH, recently announced successful completion of a new round of financing. The company will devote eight million Euro in new funding to leveraging the development of energy-autonomous wireless technology and expanding its international market presence. Two new capital providers – SET Venture Partners and the Kathrein group – join existing investors to finance future growth.
EnOcean GmbH, the originator of patented self-powered wireless technology, manufactures and markets maintenance-free wireless sensor solutions for use in buildings and industrial installations. EnOcean products are based on a combination of miniaturized energy converters, ultra-low-power electronic circuitry and reliable wireless. There are already wireless components in use in more than 100,000 buildings. EnOcean GmbH is a promoter of the EnOcean Alliance, a federation of leading companies from the world’s building sector that has set itself the aim of creating innovative solutions for sustainable building.
”This new financing backs up our strong growth curve. The extra funds give us ample financial means to intensify our sales activities in Europe, North America and Asia. Plus, we’re of course investing in further development of our highly promising platform technology”, says EnOcean’s CFO Uwe Thumm.
Read more at: http://www.enocean.com/en/enocean_financing_2009/
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