Montreal, Canada, March 31, 2022 – SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation ultra-wideband (UWB), today announced its receipt of CDN$7.1 million in funding from Sustainable Development Technology Canada (SDTC) designated for the advancement of clean technology innovations. Proceeds will be used to drive the development and commercialization of SPARK Microsystems’ extreme low power, low latency, high data rate wireless UWB transceivers, targeting a host of wireless connectivity and mobile applications spanning IoT sensing, gaming, audio, AR/VR/XR and metaverse-enabling technologies. SDTC also issued a related announcement.
SPARK Microsystems’ UWB technology delivers orders of magnitude performance advantages compared to legacy short-range wireless connectivity platforms, providing 10X more data throughput, 60X lower latency, and 40X lower power consumption than Bluetooth/BLE. These performance attributes are essential for enabling the next generation of wireless connected mobile devices optimized for extreme energy efficiency, driving a significant reduction in battery usage and replacement that ultimately reduces landfill waste, CO2 emissions and other toxic environmental contamination.
Leah Lawrence, CEO of SDTC said, “As the number of wireless devices we use in our daily lives continues to rise, so does the energy needed to charge them. SPARK Microsystems’ high-performance transceivers promise to reduce the power consumption of wireless devices, saving energy and reducing emissions. With this investment, SDTC is proud to support SPARK Microsystems as they continue to innovate their third-generation product.”
“The accelerating proliferation of IoT sensors and personal connected devices requires a new approach to wireless connectivity that maximizes energy efficiency and reduces environmental impact, while simultaneously providing a huge leap forward in throughput and latency performance,” said Fares Mubarak, CEO, SPARK Microsystems. “This new funding and the previous SDTC funding in 2017 acknowledges SPARK’s steadfast commitment to sustainability and sets the stage for our world class team based in Quebec, Canada, to develop innovative solutions for future battery-less devices powered by energy harvesting technologies.”
SDTC helps Canadian companies develop and deploy competitive, clean technology solutions to help solve some of the world’s most pressing environmental challenges: climate change, clean air, clean water and clean soil. Since its inception, SDTC has invested over $1.38B in leading innovative companies, helping to reduce greenhouse gas emissions by an estimated 22.4 megatonnes annually – the equivalent to taking almost 7 million cars off the roads every year.
About SPARK Microsystems
SPARK Microsystems is a fabless semiconductor company that is leading the way toward ultra-low power wireless communications for high-performance personal area networks and IoT-connected devices. With its patented technologies, SPARK Microsystems is bringing to market a next-generation ultra-wideband wireless transceiver that allows for orders of magnitude improved power consumption, latency and more accurate ranging and positioning, while providing higher data rates than competing technologies. For more information, please visit sparkmicro.com.
Jenna Beaucage, Rainier Communications