Nujira announces $12m of investment for envelope tracking technology
Envelope tracking solutions company Nujira has announced that it has raised $12 million (£7.41 million) in funding to help increase its production of Coolteq IC technology.
The firm, which has a design centre in Bath, has secured finance from investors including SAM Private Equity, Amadeus Capital Partners and Climate Change Capital.
Furthermore, NES Partners, the Environmental Technologies fund and angel investors have also put in money to help the company expand in the coming months.
Nujira's integrated circuit technology was first unveiled in February this year, reducing wasted energy from power amplifiers in mobile handsets by more than 50 per cent.
This, for consumers, extends battery life and cuts heat dissipation – both important factors in the modern mobile phone.
It currently has 16 major smartphone chipset suppliers to embed the technology, while the introduction of 4G technology is likely to help boost production from next year.
Responding to the news, Nujira's chief executive officer Tim Haynes said the company is very well placed to take advantage of all future advancements in this field.
"As the world leader in Envelope Tracking technology, Nujira remains in an extremely strong market position, and we continue to lead the way both commercially and technologically," he explained.
"ET is fast becoming a mandatory requirement for smartphones, driven by the poor battery life of existing 4G handsets, and the need to support multiple LTE frequency bands for global adoption. We have been at the forefront of this technological shift, pioneering the development of ET over the last 10 years."
He added that the company, through this latest investment allows the firm to continue that development work, but also reinforces the growing value of our extensive ET patent portfolio".
The firm is continuing to work towards improving the energy efficiency of transmitters in 3G and 4G handsets, in addition to base station and television broadcast applications.
This will, in turn, create multi-band handsets that can run for longer and with better coverage.
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