The companies plan to develop technologies that provide intelligent and reliable communication among applications in the global home area network (HAN) and smart energy management market segments. Greenvity will focus on mixed-signal, RF, and signal processing IC technologies; MegaChips will work on digital IC, software, and system design.
Greenvity Chief Executive Officer Hung Nguyen says, “We are pleased to have a company of MegaChips’ stature share our vision in creating enabling technologies for a greener future. MegaChips is a highly respected company in Japan and their systems expertise and infrastructure will complement and accelerate the development and production of Greenvity’s reliable and robust connectivity technologies.”
The companies’ goal is to develop technologies that will ultimately reduce consumers’ energy usage by as much as 50 percent via real-time monitoring and management of energy usage. More importantly for consumers, the standard-based wireless and power line communications technologies will facilitate connectivity between energy-efficient appliances and smart meters as well as connectivity between electric vehicles and home or public battery charging systems.
Akira Takata, Chief Executive Officer of MegaChips Corporation adds: “The key to effectively managing energy usage and enabling consumers to save significant amounts of energy is creating systems based on reliable communications technologies. We are impressed with Greenvity’s innovative connectivity solutions and have decided to partner on future technology development, as well as take an active role in supporting them.”