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USound, the maker of Styrian micro-speakers, has made an investment of 20 million dollars (more than 17 million euros) on the mainland: this money will be the "smallest enclosure in the world" marketed in the world .
"Our intelligent micro-speakers will affect many areas of life and we have begun a paradigm shift for the entire audio industry," said Managing Director Ferruccio Bottoni. It was only in October that USound received the European Technology Innovation Award from consulting firm Frost & Sullivan.
APA / USOUND / Thomas Roessler
The "smallest speaker in the world"
The current investment to increase global market penetration comes from Austrian venture capital firm eQventure and British and Austrian venture capital firm Hermann Hauser. In addition to capital, eQventure also provides a global network and industrial know-how. EQventure GmbH now owns almost 66.5% of the US equity, the remaining shares being held by Bottoni (17.5%), Andrea Rusconi, 13%, Jerg Schönbacher (13.9%).
Chinese bulk order
Last week, USound had placed an order of a million dollars from the leading Chinese global solution provider 3nod Acousticlink. The contract lasts at least two years and reports to USound according to their own statements "multi-million dollar sales".
USound was founded in 2014 and currently has more than 50 employees – more about it in USound headsets soon in production (16.1.2017) and Graz, helmets reinvented for mobile phones (27.6.16).
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