Independent foundry Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) (which markets as Tower-Jazz) and Triune Systems LLC have launched mass production of two of their nanoSmart products, the TS14001 and TS12001. These products are based on Triune proprietary analog/power management technology using TowerJazz's TS35PM 0.18-nanometer based power management platform.
nanoSmart technology has been designed to target portable and low power applications for the consumer, industrial and medical markets as well as energy harvesting systems, off-grid autonomous systems such as solar panels for electricity, and SmartCard applications. The technology's advantages include ultra-low power loss for light load conditions, flexibility to work with a wide range of output loads, and a minimized bill of materials, while still providing high-efficiency operation.
A National Science Foundation grant is financing development of the technology for use in portable solar harvesting solutions. The solutions can also extend portable devices' battery life by eliminating standby power loss.
The products use extremely little power, which help reduce energy and heat. The companies are planning to launch several more energy saving products this year to meet growing market demand. IDTechEx projects that the energy harvesting device market will grow 20-fold this decade, from 500 million devices shipped in 2009 to more than 10 billion devices in 2019.
Tower's share price rose 4.2% by mid-afternoon on the TASE to NIS 2.70, after rising 0.7% on Nasdaq yesterday to $0.70, giving a market cap of $221 million.
Published by Globes [online], Israel business news - www.globes-online.com - on January 31, 2012
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