The Mercia Technology Seed Fund (MTSF) have committed to an investment of £200 000 into Warwick Audio Technologies Limited, a spin out company from the University of Warwick. The company has developed an innovative mid-range loudspeaker that is ultra-thin, lightweight, flexible, and inexpensive to manufacture.
At less than 0.5mm thick it is thinner than any other flat panel loudspeaker currently available, and can be made in any shape or size, from a few millimetres to several meters. The loudspeaker works on electrostatic principles, and unlike the ‘flat panel’ loudspeakers currently available, it operates without the need for external excitation devices.
Tim Hazell, Senior Investment Manager at the MTSF commented: “This investment illustrates the funding available in the region for those early stage companies which have exciting new technologies with the potential to make significant market impact.”
At less than 0.5mm thick it is thinner than any other flat panel loudspeaker currently available, and can be made in any shape or size, from a few millimetres to several meters. The loudspeaker works on electrostatic principles, and unlike the ‘flat panel’ loudspeakers currently available, it operates without the need for external excitation devices.
Tim Hazell, Senior Investment Manager at the MTSF commented: “This investment illustrates the funding available in the region for those early stage companies which have exciting new technologies with the potential to make significant market impact.”