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Optical/IP

Startup Cops Award, Cisco Investment

MONROVIA, Calif. -- Integrated Micromachines Incorporated (IMMI) announced that it has received the Product of the Year 2000 Award from EE Product News for its IMP-2000 MEMS sensor. IMMI is a component manufacturing company and has been in business for almost six years. IMMI produces MEMS products for the automotive and HVAC markets, using its proprietary 2 nd generation technology based on single-crystal silicon micromachining and electromagnetic actuation.

“We are very pleased to receive such an honor. This is very gratifying to all of us who have worked so hard in taking a revolutionary technology, perfecting it to a point that we can develop solutions for commercial applications and ultimately delivering reliable products to our customers in high volume. This is truly a moment of immense pride for our company.” said Dr. Denny K Miu, Founder and CEO of IMMI.

IMMI also made a second announcement regarding a strategic investment from Cisco Systems. Cisco invested $25 million into IMMI as part of a $45 million equity investment led by Invesco Private Capital and with participation from existing investors including Adams Capital Management, SunAmerica Ventures, Venture TDF and others.

http://www.micromachines.com
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