Elonics joins Pyreos in Braveheart portfolio

Now Perth-base investment house Braveheart has led the £2m funding round into Elonics, which has also received backing from Scottish Enterprise's Scottish Venture Fund

Elonics chief executive David Srodzinski said the funding would enable the East Lothian firm to complete the development of the product and take it to market by the third quarter of 2008.

"We have worked tirelessly over the last three years to refine our technology," he said. "We have now moved from concept to successful evaluation at multiple prospect sites throughout the world."

Elonics core strengths and IP lie in creating state-of-the-art low cost, low power and compact RF silicon solutions using 130nm and 90nm CMOS processes.  in the development of RF/Mixed Signal silicon chips for global high-volume markets with a  two business operations pursuing complementary business models of custom silicon development and it fabless own product.

In the custom silicon development model it  undertakes a wide variety of custom silicon chip projects such as wireless networking (UWB), wired 1G and 10G Ethernet (802.3), optical Ethernet (10G – LRM), audio and power management. Projects have included feasibility studies, product definition, architecture development, design, evaluation and now silicon supply for full turnkey solutions.

Within the fabless model, Elonics has developed its first Zero-IF RF silicon tuner which is currently being evaluated by major customers around the world and moving towards mass production.

Braveheart CEO, Geoffrey Thomson said: "The size of the investment we have made demonstrates the confidence we have in the potential of Elonics' technology and management and consolidates Braveheart's reputation as one of the key supporters of innovation in this field."

In December, Thomson said Braveheart was on track to grow fivefold over the next three years. Last month, the firm led a £2m investment into Edinburgh-based Pyreos,  founded in July 2007 by Jeff Wright, Scott Freeborn, and Carsten Giebeler to take advantage of the growing opportunity for advanced infrared sensor array technology in improved motion and occupancy detectors, lower cost infrared cameras and spectroscopy/analytical equipment. 

It   acquired granted patents and related IP around a unique thin film pyroelectric infrared sensor technology developed by Siemens over many years in their corporate research facilities in Munich and has combined this technology with additional semiconductor process developments and packaging techniques to enable a new range of infrared sensor array components.

Headquartered at the Scottish Microelectronics Centre in Edinburgh, Pyreos has class 10 cleanrooms for product development and pilot production as well as test facilities to ensure the highest quality standards is achieved in our products. 

In addition it has a number of manufacturing partners across the UK, Germany, and throughout Europe that contribute to the production of our infrared sensor array based products as well as an  ongoing relationship and support from Siemens with whom we have a technical cooperation.


Sources: http://business.scotsman.com/
http://www.elonics.com/
http://www.pyreos.com/