Integrated Micromachines Incorporated (IMMI) announced (on June 8) that it has completed a $15 million investment led by Adams Capital, previously the seed investor for Coretek, another MEMS company recently acquired by Nortel for $1.4 billion.

IMMI was founded by Professor Miu and his fellow researchers from Caltech and UCLA and has been in the MEMS business for almost 5 years. Until recently, its main business was in pressure sensors and microrelays, demonstrating the manufacturability and reliability of its patented technology.

With leadership provided by Adams, IMMI is now completely focused on telecom optical switching applications. IMMI's competitive advantage is in its patent pending ELITE design (Extremely Low-loss Inductive Torsional Engine) utilizing optically superior single-crystal silicon and a more robust electromagnetic actuation mechanism.

http://www.micromachines.com/pr/index.html#Anchor-june2000