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"Paradigm shift for the audio industry": the Austrian start-up wants to shake the market with the smallest speaker in the world.
USound, the Graz-based start-up, which has developed the world's smallest loudspeaker, has received 12 million euros of capital to prepare its product for the market and has invested 20 million dollars (17 , 59 million euros) in growth stimulate the global market penetration of intelligent audio products.
Extreme miniaturization with excellent audio quality
By utilizing the innovative MEMS (Electro-Mechanical Microsystems) technology that enables extreme miniaturization with excellent audio quality and high energy efficiency, USound has been able to develop the world's smallest loudspeaker. Now, the product has reached market maturity and was immediately protected by more than 150 patents. The injection of new capital must now accelerate the penetration of USound loudspeakers worldwide, which have many uses due to their minimal size.
In collaboration with international production partners such as STMicroelectronics, Flex and AT & S, USound has implemented a highly qualified semiconductor supply chain that meets all the requirements of a dynamic mbad market.
Award-winning Austrian innovation
"Our intelligent micro-speakers will affect many areas of life, creating a paradigm shift for the entire audio industry," said USound CEO Ferruccio Bottoni. This statement is highlighted by the recent recognition of the world's smallest speakers, "Made in Austria". The international consulting firm Frost & Sullivan presented to USound the European prize for technological innovation for its technology in London in October.
The Austrian venture capital firm eQventure, led by British and Austrian venture capitalist Hermann Hauser, co-founder of ARM, has been leading the recent wave of investments aimed at increasing global market penetration . In addition to capital, eQventure also provides a global network and industrial know-how. (Red)
www.usound.com
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