Piezoelectric motor motor deal is expanded
New multi-million-dollar agreement extends and expands Tamron's licence to use New Scale's patented piezoelectric Squiggle motor.
New Scale Technologies has expanded its Squiggle motor licence agreement with Tamron, a leading global manufacturer of high-precision optics and optical assemblies.
The new multi-million-dollar agreement extends and expands Tamron's licence to use New Scale's patented piezoelectric Squiggle motor - the world's smallest linear motor.
The new agreement grants Tamron a licence to manufacture Squiggle motors and integrate them into Tamron products at its high-volume precision manufacturing facilities in Japan and other parts of Asia.
Tamron may also produce Squiggle motors as a contract manufacturer for New Scale as needed.
Tamron has a 50-year history of precision, high-volume manufacturing and a reputation for high quality.
New Scale will continue to produce Squiggle motors at its Victor, New York manufacturing facility with a production capacity of up to 100,000 motors per month, for applications including research, electronic locks and medical devices.
Collaboration with Tamron extends that capacity for high-volume consumer products such as mobile phone cameras.
"Our successful collaboration with Tamron has allowed New Scale to make inroads into the mobile phone camera market, and this expanded agreement is a key part of our strategy to meet this market's demand for millions of tiny motors per month", says Ted Franceschi, co-CEO and Chief Development Officer at New Scale.
"It is another milestone in our build-up of global manufacturing and supply chain capabilities for Squiggle motors, both at our US manufacturing centre and at our partners' facilities close to customers around the world".
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