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The USound micro-speaker manufacturer USound receives an investment of more than 20 million dollars (17.66 million euros) from the United States to promote the global penetration of its audio products. The "smallest speaker in the world" was developed by USound, put on the market and protected by more than 150 patents, said Wednesday in a statement.
"Our intelligent micro-speakers will touch many areas of life and we have engaged 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.
The Austrian venture capital firm eQventure, led by British and Austrian venture capitalists Hermann Hauser, led 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. 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%).
Order of one million dollars from China
Just last week, USound had placed a $ 1 million order from China's leading solutions provider, 3nod Acousticlink. At present, the Graz-based company supplies its piezoelectric MEMS loudspeakers "Ganymede" to 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.
(APA)
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