Motorola Solutions Venture Capital has put an undisclosed amount into MicroPower Technologies Inc., a maker of surveillance technologies. The investment was part of $6.5 million financing, which will be used to promote MicroPower’s surveillance devices.
Motorola Solutions, Inc. (NYSE:MSI), through its strategic investment arm Motorola Solutions Venture Capital, has invested in MicroPower Technologies, Inc., an award-winning provider of surveillance solutions optimized for rapid, cost-effective deployment. The investment marks MicroPower’s first institutional funding round as part of a tranche of $6.5 million, which will be used to promote the company’s line of surveillance devices in new and current markets.
“MicroPower Technologies has a compelling product offering that has quickly become a critical component of surveillance deployments, and its customer references and strong customer pipeline were instrumental to our interest,” said Reese Schroeder, managing director, Motorola Solutions Venture Capital. “We are excited to support a company that is rapidly gaining market share through the development of advanced security products that address the reliability and economic needs the market demands.”
MicroPower video surveillance solutions dramatically improve the economics of system deployment through patented technology that delivers significant enhancements in performance and power without compromising video quality and reliability. MicroPower’s fully integrated, IP surveillance innovations incorporate proprietary wireless technologies to enhance data transmission even in heavily congested environments. Its comprehensive surveillance system, which includes the Rugged-i™ and the MiniHub™, can be deployed in a matter of hours as no wires or trenching is required. This unique approach reduces installation times by up to 90 percent over traditional video systems.
“This strategic investment from Motorola Solutions Venture Capital is a clear validation of the globally competitive nature of our technology,” said Jonathan Siann, founder and CEO, MicroPower Technologies. “Our unique approach to wireless surveillance has gained quick market acceptance, and that is now translating to success in raising funds for our future growth. We look forward to working with Motorola as we expand on our leading position in the surveillance marketplace.”
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com. For ongoing news, please visit our media center or subscribe to our news feed.
About Motorola Solutions Venture Capital
Motorola Solutions Venture Capital is the strategic equity investment arm of Motorola Solutions. Its diversified portfolio is focused on “new-idea” companies and opportunities that complement Motorola Solutions’ business strategy. Motorola Solutions Venture Capital invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorolasolutions.com/ventures.
About MicroPower Technologies Inc.
MicroPower Technologies was founded on the idea that wireless surveillance could be cost effective, easy-to-deploy, secure and highly reliable. The company’s innovative research and development team designed a comprehensive surveillance system that redefines the market through its use of intelligent algorithms that enhance video quality and reliability, while maximizing cost effectiveness. Its flagship product, the Rugged-i™ wireless video camera, incorporates advanced software and ultra-low power wireless technologies to eliminate data and power cables. MicroPower products are distributed globally in the commercial, border protection, government, retail, education and public utility markets. The company has won numerous awards for its advanced technologies including Security Product of the Year 2011 from Security Products Magazine.