New Scale expands SQUIGGLE motor license agreement with Japan's Tamron Co.
Victor, NY - March 24, 2008 - New Scale Technologies, Inc. has expanded its SQUIGGLE motor license agreement with Tamron Co., Ltd. (www.tamron.co.jp), a leading global manufacturer of high-precision optics and optical assemblies. The new multimillion dollar agreement extends and expands Tamron’s license to use New Scale’s patented piezoelectric SQUIGGLE motor – the world’s smallest linear motor.
The new agreement grants Tamron a license to manufacture SQUIGGLE motors and integrate them into Tamron products at its high-volume precision manufacturing facilities in Japan and other parts of Asia. Tamron may also produce SQUIGGLE motors as a contract manufacturer for New Scale as needed. Tamron has a 50-year history of precision, high-volume manufacturing and a reputation for high quality.
New Scale will continue to produce SQUIGGLE motors at its Victor, NY manufacturing facility with a production capacity of up to 100,000 motors per month, for applications including research, electronic locks and medical devices. Collaboration with Tamron extends that capacity for high-volume consumer products such as mobile phone cameras.
“Our successful collaboration with Tamron has allowed New Scale to make inroads into the mobile phone camera market, and this expanded agreement is a key part of our strategy to meet this market’s demand for millions of tiny motors per month,” said Ted Franceschi, co-CEO and chief development officer at New Scale. “It is another milestone in our build-up of global manufacturing and supply chain capabilities for SQUIGGLE motors, both at our US manufacturing center and at our partners’ facilities close to customers around the world.”
Tamron is traded on the Tokyo Stock Exchange (TSC- Section 1).
About New Scale Technologies
New Scale Technologies develops small, precise and smart motion systems for critical adjustments of optics in imaging devices and many other micro positioning applications. Our simple and elegant solutions deliver best-in-class performance in consumer imaging, biometric authentication, surveillance, medical devices, scientific instruments, haptic systems and many other markets. We design and manufacture custom products and license our technology to manufacturers worldwide. Our customers benefit from complete motion solutions that are tailored to their unique requirements and easily integrated into their next-generation instruments.
SQUIGGLE is a registered trademark, and New Scale Pathway and UTAF are trademarks of New Scale Technologies, Inc.
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