Redwood City, CA (Vocus/PRWEB) December 21, 2010
Trilliant Incorporated, a leading provider of Smart Grid communication solutions that enhance energy efficiency, utility operations, and renewable resource integration, today announced that Taiwan-based UMC Capital, the corporate venture arm of leading semiconductor foundry United Microelectronics Corporation (UMC), has invested in Trilliant. UMC Capital joins Investor Growth Capital, VantagePoint Venture Partners, ABB, and GE in Trilliant’s latest round of financing.
To further support utility customers in the region, Trilliant announced that they are opening a corporate office for the Asia Pacific market. Along with the investment, UMC will be assisting Trilliant with their planned market expansion.
“We are always looking for companies that meet a market need with compelling technology," said Mr. DC Cheng, President of UMC Capital. "Utilities are looking to leverage advanced communications technologies to build out their Smart Grid infrastructure and Trilliant offers a very compelling solution that, unlike their major competitors, is based on internationally available spectrum. Uniquely, this makes Trilliant’s solution immediately deployable into the Asia Pacific market today."
“The Asia Pacific market represents a strong growth area for Trilliant," said Andy White, President and CEO of Trilliant. "With UMC’s experience and our new Asian offices, Trilliant is ready to help utilities in the region realize the benefits of deploying an advanced Smart Grid communications solution to better serve their customers, use energy more efficiently and provide a more robust grid infrastructure for applications such as EVs and distributed generation."
About UMC Capital (http://www.umc.com)
UMC Capital is the corporate venture arm of UMC, a leading semiconductor foundry based in Taiwan. UMC Capital invests in innovative technology companies worldwide. UMC was founded in 1980 as Taiwan's first semiconductor company and is listed on NYSE under UMC and on the Taiwan Stock Exchange under 2303.
About Trilliant Incorporated
Trilliant Incorporated provides hardware, software and service solutions that deliver on the promise of Advanced Metering and Smart Grid to utilities and their customers including improved energy efficiency, grid reliability, lower operating cost, and integration of renewable energy resources. Since its original founding in 1985, Trilliant has been a leading innovator in the delivery and implementation of energy management systems, including advanced utility wireless data collection for residential and commercial customers, demand response, time-of-use billing, and critical peak pricing initiatives. Trilliant currently has more than 200 utility customers including Centrica, Iberdrola USA, and Hydro One. For more information, visit: http://www.trilliantinc.com.