Nov 20 2010
Lilliputian Systems, Inc. developer of the world’s first Personal Power™ solution for consumer electronics devices, today announced that it has signed a Wafer Manufacturing Supply Agreement with Intel.
Additionally, Lilliputian Systems announced that Intel Capital, Intel Corporation’s global investment arm, has taken an equity stake in Lilliputian Systems.
“Intel recognizes that portable power solutions will be essential to consumer electronics devices and is committed to manufacturing Lilliputian’s technology,” said Brian Krzanich, senior vice president and general manager of Manufacturing and Supply Chain for Intel Corporation. “We’re pleased to work with such an exciting company with strong technology, an experienced team and blue chip investors and look forward to helping bring the Silicon Power Cell technology and the USB MPS product to market.”
The Intel Capital equity stake in Lilliputian Systems helps ensure that resources for volume manufacturing are in place. “As computing and communication devices become more mobile, demand has increased for portable power solutions that allow consumers the ability to use their electronic devices for greater periods of time without having to plug them in,” said Keith Larson, vice president of Intel Capital. “With this investment, we are bringing together the advanced expertise of our manufacturing team with Lilliputian Systems’ innovative start-up technologies in an investment deal that could help deliver significant power and energy improvements for consumer electronics.”
Following a diligent and extensive search, Lilliputian Systems selected Intel as its wafer manufacturing supplier due to Intel’s manufacturing experience, financial strength, and consistent history and commitment to delivering high quality silicon wafer products to the consumer electronics industry. In connection with the agreement, Intel will manufacture and supply production wafers, which are critical in the production of all of Lilliputian Systems’ product lines, most importantly its first product – the revolutionary USB Mobile Power System.
“Intel is world renowned for its technology leadership, innovation and silicon wafer manufacturing expertise. We are pleased to have their talents focused on helping us commercialize our revolutionary technology,” said Lilliputian Systems’ CEO Ken Lazarus. “As we move into high volume manufacturing, we are confident our agreement with Intel will enable us to meet the significant customer demand for our products.”
Wafer manufacturing will be conducted at Intel’s 200mm facility in Hudson, MA, and activities to support this manufacturing will commence immediately.
“Today’s announcement ensures that we can offer our revolutionary Silicon Power Cell™ and Personal Power™ solutions to customers worldwide with industry-leading quality and reliability,” said Mouli Ramani, vice president of Business Development at Lilliputian Systems. “Furthermore, we are excited to continue to significantly contribute to the manufacturing and cleantech growth in the Commonwealth of Massachusetts.”
Source: http://www.lilliputiansystems.com/