Monday, September 5, 2011

Robert Bosch VC investment in IDENT Technology AG to launch 3D gesture control chip

GILCHING, GERMANY: 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, CTO 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 addresses mobile devices of the consumer electronics industry and 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. 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.”

Michael Motschmann, CEO of 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.”

Christopher Kampshoff, CFO of IDENT concludes: “We are proud that we could engage RBVC for our goals. With our global customers we are creating a new generation of mobile devices which the industry has not yet seen.”

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