Robert Bosch Venture Capital Investment in IDENT Technology AG to Launch 3D Gesture Control Chip

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Together with existing investors MIG Funds and Danube Equity, Robert Bosch Venture Capital GmbH (RBVC) today announced the completion of a 7.1 million Euro investment round in IDENT Technology AG. The investment supports strong growth plans and the launch of a 3D gesture recognition chip.

Dr. Dieter Kraft, Investment Partner for RBVC’s European Region: “We are convinced that IDENT’s solutions will make groundbreaking contributions to the user interface world”

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IDENT Technology AG, the technology leader in intelligent e-field based sensor solutions for the realization of innovative user interfaces for the consumer electronics industry, is pleased to welcome RBVC among its investors. Existing investors MIG Funds and Danube Equity also participated in the round.

“Our Z-Sense technology is all about making the user experience natural, intuitive, simple and fun,” said Dr. Roland Aubauer, Chief Technology Officer and speaker of the board of IDENT. “With our proximity technology already in production,” he said, “we have decided to take our game changing innovations further and develop our own GestIC chip for three-dimensional (3D) gesture recognition.”

The GestIC, designed as a highly integrated system-on-chip (SoC), is aimed at the fast-growing 3D gesture control market. It addresses a broad range of consumer electronics devices, such as tablet computers or mobile phones, mobile computers or game controllers. The company’s patented and proprietary e-field based technology allows real-time tracking of free space hand or finger movements in front of a device or display. The same SoC enables user interfaces ranging from simple one-dimensional (1D) touch detection over sophisticated 3D gesture recognition to dynamic positional data of the user’s hand in free space. This information is translated into any type of pre-processed user input commands. Apart from the GestIC’s true 3D sensing capabilities, the advantages lie in the achievable detection range, high resolution, robustness and the very low power consumption.

The participation of Robert Bosch Venture Capital demonstrates its support of IDENT’s strategic vision. Dr. Dieter Kraft, Investment Partner for the European Region of RBVC, said: “We are impressed by the technological and commercial achievements of IDENT, and by the spirit and the capabilities of its team. We are convinced that their technology solutions will make groundbreaking contributions to the world of human machine interfaces. Most of all, we expect IDENT to prove that magically simple user interfaces are not only the territory of a few large companies. We are happy to support their mission, also as an active member of the company’s supervisory board.”

Michael Motschmann, Chief Executive Officer of IDENT’s main shareholder MIG Funds adds: ”The investment by RBVC, the venture arm of one of the world leading innovators, is a strong proof of IDENT’s unique Intellectual Property. Having such a strong and experienced partner on board will enable IDENT to further achieve their technology’s full market potential.”

Christopher Kampshoff, Chief Financial Officer of IDENT concludes: “We are proud that we could engage RBVC for our goals and are looking forward to a business, financial and technical collaboration to bringing GestIC 3D to the mass market in 2012. With our global customers we are currently working on the creation and near-term launch of a new generation of mobile devices which the industry has not yet seen.”

Editor’s notes

About Robert Bosch Venture Capital GmbH
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 280,000 associates generated sales of more than 47 billion euro in fiscal 2010. Each year, Bosch spends more than 3.5 billion euros for research and development, and applies for over 3,000 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.

Robert Bosch Venture Capital GmbH invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all automation and control, energy and environment, enabling technologies, and healthcare. Robert Bosch Venture Capital GmbH also invests in services/ business models as well as new materials that are relevant to the above-mentioned areas of business.

For more information, visit http://www.bosch.com and http://www.rbvc.com.

About MIG Verwaltungs AG
MIG Verwaltungs AG is a Munich based venture capital firm with an investment focus on early to mid stage life science and technology companies in German speaking Europe. MIG is the management entity of 11 venture capital funds (MIG Funds) exclusively distributed by AWAG.

More detailed information about MIG and MIG’s investment portfolio can be found at http://www.mig.ag.

About IDENT Technology AG
IDENT Technology AG is the industry’s leading provider of intellectual property and semiconductor products for electrical near field sensing solutions. The products enable intelligent proximity sensing and real-time 3D gesture recognition for the consumer electronics industry, including mobile devices, gaming and other input devices. The company’s scalable and patented Z-Sense technology allows realization of disruptive human interface features, making products much smarter than previously possible and enabling natural intuitive use. IDENT Technology’s solutions combined with the EZApplication software suite containing a library of 1D touch to 3D gesture recognition solutions lets manufacturers quickly bring to market products which no longer require buttons or keys to switch a device on or off, to start applications, to point, click, zoom, scroll and more on any consumer electronics device.

For more information, visit http://www.ident-technology.com.

Media Contact
IDENT Technology AG
Klaus Zeyn – Vice President Sales & Marketing
+49 -8153 88 969-0
media(at)ident-technology(dot)com

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Klaus Zeyn
IDENT Technology AG
+49 -8153 88 969-0
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