Monday, September 5, 2011

IDENT Technology AG closes 7.1M Euro round

Gilching, Germany, September 5, 2011. IDENT Technology AG, the leader in intelligent e-field based sensors for the consumer electronics industry, is pleased to welcome RBVC among its investors. Existing investors MIG Funds and Danube Equity also participated in the round.

“Our Z-Sense technology is all about making the user experience natural, intuitive, simple and fun”, said Dr. Roland Aubauer, Chief Technology Officer of IDENT and speaker of the board of IDENT. “With our proximity technology already in production we have decided to take our innovations further and launch our own GestIC chip for the fast growing three-dimensional gesture control market in 2012.”The GestIC, designed as a highly integrated system-on-chip (SoC), is aimed at the fast-growing 3D gesture control market. It addresses a broad range of consumer electronics devices, such as tablet computers or mobile phones. The company’s patented and proprietary e-field based technology allows real-time tracking of free space hand or finger movements in front of a device or display. The chip enables a broad range of signals from simple touch detection over sophisticated 3D gesture recognition to dynamic positional data of the user’s hand. This information is translated into any type of pre-processed user input commands. The technology advantages lie in its detection range, high resolution, robustness and very low power consumption.

Robert Bosch Venture Capital’s participation demonstrates its support of IDENT’s strategic vision. Dr. Dieter Kraft, Investment Partner for RBVC’s European Region, said: “We are impressed by IDENT’s technological and commercial achievements, and by the spirit and capabilities of the team. We are convinced that their solutions will make groundbreaking contributions to the user interface world and are happy to support their mission, also as an active member of the company’s supervisory board.”Michael Motschmann, Chief Executive Officer of IDENT’s main shareholder MIG Funds adds: ” RBVC is the venture arm of one of the world leading innovators. This investment is a proof of IDENT’s unique Intellectual Property. Having such a strong and experienced partner on board will enable IDENT to further achieve their technology’s full market potential.”

Christopher Kampshoff, Chief Financial Officer of IDENT concludes: “We are proud that we could engage RBVC for our goals and are looking forward to a business, financial and technical collaboration. With our global customers we are creating a new generation of mobile devices which the industry has not yet seen.”

About IDENT Technology AG

IDENT Technology AG is the industry’s leading provider of intellectual property and semiconductor products for electrical near field sensing solutions. The products enable intelligent proximity sensing and real-time 3D gesture control for the consumer electronics industry, including mobile devices, gaming and other input devices.

The company’s scalable and patented Z-Sense technology allows realization of disruptive human interface features, making products much smarter than previously possible and enabling natural intuitive use. IDENT Technology’s solutions combined with the EZApplication software suite containing a library of 1D touch to 3D gesture recognition solutions lets manufacturers quickly bring to market products which no longer require buttons or keys to switch a device on or off, to start applications, to point, click, zoom, scroll and more on any consumer electronics device.

For more information, visit www.ident-technology.com.

About Robert Bosch Venture Capital GmbH

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 280,000 associates generated sales of more than 47 billion euro in fiscal 2010. Each year, Bosch spends more than 3.5 billion euros for research and development, and applies for over 3,000 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.

Robert Bosch Venture Capital GmbH invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all automation and control, energy and environment, enabling technologies, and healthcare. Robert Bosch Venture Capital GmbH also invests in services/ business models as well as new materials that are relevant to the above-mentioned areas of business.

For more information, visit www.bosch.com and www.rbvc.com

About MIG Verwaltungs AG

MIG Funds is a venture capital firm with an investment focus on early to mid stage life science and technology companies in German speaking Europe. MIG is the management entity of 11 venture capital funds (MIG Funds) exclusively distributed by AWAG.For more information, visit www.mig.ag

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