Israel’s Sol Chip, which will offer patented embedded solar battery technology, has raised $1 million from investors. Those taking part in the recent investment were Israel Electric Company and private U.S. investors, news reports said. Earlier, Sol Chip raised more than $1 million from Israel’s Office of the Chief Scientist and Trendlines International Ltd.
The company provides renewable battery power technology by employing photovoltaic energy (PV) integrated with low power electronic devices (VLSI). This new technology could be used for security systems, water systems, gas sensors, and RFID chips, according to a report from The Times of Israel.
“Farms, businesses, and homes will benefit from this technology,” Shani Keysar, CEO of Sol Chip, said in a statement quoted by the news organization. “Battery replacement is a major hassle in many industries, from agriculture to manufacturing to health. Our technology ensures that farmers, businesses, and medical personnel have one less thing to worry about.”
Early applications of the technology will be used in agriculture, smart city sensor systems, and RFID location and identification systems, The Times of Israel added, while it could eventually beuld be used for smart homes and smart devices, including smoke alarms and cellphones.
Also, the company’s first embedded chips will likely be sold starting in early 2013.
Zack Sharon, sales and marketing director at Sol Chip, elaborated on product’s distinctive features, saying, “The first product will be an energy harvester with unique features such as several voltage levels at its outputs, up to 8.4 volts. This component will provide power during light time (outdoor or indoor). With simple addition of few passive components, the device can provide power 24 hours a day and enable maintenance free energy for many applications for over 10 years. Examples of applications are agriculture sensors for drip irrigation, herd management and livestock wireless sensors, security wireless sensors, structural health sensors and many more," EE Times reported.
The company further predicts sales to various industries in 2013 or later, such as wireless sensor systems and networks for agriculture, smart homes and smart cities, and RF-based electronic labels and location systems – which as a market may reach $1.2 billion in 2015, TMCnet said.
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Edited by Allison Boccamazzo