memory company poised to profit in billion
|“Nanomech is a new non-volatile
memory technology which is completely different
to the existing one,” explains Dr Mike Beunder,
CEO of Cavendish Kinetics. “The existing technology
involves storing charge whereas ours operates
mechanically like a switch.”
Cavendish Kinetics develops nanotechnology-based
non-volatile memory. To support this activity,
Cavendish Kinetics has developed its own patent-protected
range of Nanomech™ embedded non-volatile memory products.
Nanomech™, using standard CMOS process technology, enables the implementation
of unique memory storage devices with ultra low-power, high speed read/write
characteristics that function fully up to 200°C and are completely
insensitive to radiation. Compared to current technology, Nanomech™ storage
devices offer 200 times better write performance while consuming 50 to
100 times less power.
Cavendish Kinetics currently offers three embedded non-volatile memory
products, an electrically programmable Fuse (eFuse), an embedded One-Time-Programmable
(eOTP) memory product, and an embedded multi-time programmable (eMTP) memory
“Cavendish Kinetics is a spin-off from Cavendish Laboratory at Cambridge University,” mentions
Beunder, “and the company's founder and CTO, Dr Charles Smith, is still a Reader
at the Laboratory.” When Smith established Cavendish Kinetics in 1994, Cambridge
University transferred ownership of its nanotech non-volatile memory patents
to the company in exchange for stock.
Beunder believes the target market for the new memory technology
to be worth $4.75bn and will grow to $6bn by 2008. Potential applications
for the Nanomech™ storage devices include micro-controllers, RFID
and smartcards used in the mobile, automotive, space, defence and
medical sectors. To help enter these markets, the company recently
opened a US sales office in Silicon Valley.
The company is currently seeking about $10m in second round VC investment
in order to establish a worldwide marketing and sales organisation as well
as to finance the further development of eOTP and eMTP. Attracting new
investment is a key activity for Beunder and he recently seized the opportunity
to present his company's business plan to investors at the European Tech
Investment Forum in London, one of Europe's leading events for ICT entrepreneurs
Cavendish Kinetics is currently working on the 4.68m euro PROMENADE IST
project, which involves seven partners including Bosch and IMEC. The project
is developing a process management and design system for microsystem technologies.
The computer system will enable process engineers to simulate and optimise
silicon-based thin film processes and help designers to understand technological
constraints when designing microsystems for manufacture. Cavendish Kinetics
is responsible for integrating its in-house management and tracking system
for CMOS process developments into the PROMENADE system.
The company was also involved in the EUREKA-funded MESCI-I project,
which integrated MEMS nanoswitches in mainstream CMOS processes and
helped to advance the firm's Nanomech technology. “The MESCI-I project was regarded
as so successful,” announces Beunder proudly, “that we have just won the
LYNX Award for 2005 from the EUREKA programme.”
Dr Mike Beunder
Chief Executive Officer
Cavendish Kinetics Ltd
Hugo de Grootlaan 35
SOURCE : http://istresults.cordis.lu/
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