January 9, 2012
Motorola Solutions Invests in MicroPower Technologies
Schaumburg, Ill. and San Diego – Jan. 9, 2012 – 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.”
Motorola Solutions Media Contacts