Trameto Secures Second Round Funding from Development Bank of Wales and u-blox AG

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Trameo OptiJoule energy harvesting IC - RF Cafe

Trameo's OptiJoule energy harvesting IC.

Chepstow, UK, 9 May 2022 - Trameto, the innovator of smarter energy harvesting power management ICs (EH PMIC), announced today it has successfully closed the second round of seed funding with investment partners the Development Bank of Wales and u-blox AG (SIX:UBXN), a leading global provider of positioning and wireless communication technologies and services. Development Bank of Wales is an existing equity investor and board observer, and u-blox AG will also join the board as an observer.

Commenting on the investment, Huw Davies, CEO and co-founder, says, "This funding round enables us to embark on the next part of our journey to engage more widely with the market to complete and promote our OptiJoule® energy harvesting PMIC solutions. Meeting the demand to remove or reduce the reliance on batteries used in wireless IoT devices is one of the initial application markets we are addressing. OptiJoule's harvester-agnostic and autonomous approach offers considerable design flexibility and BOM cost savings for IoT device manufacturers."

Trameto previously received investment from the EU Horizon 2020 research and innovation programme, believed to be the first Welsh company to benefit from the SME Instrument Phase 2 grant initiative. Trameto is also the first European company to be accepted into the Californian-based Silicon Catalyst, the world's only incubator programme focused exclusively on accelerating semiconductor startups. Trameto's energy harvesting technology recently gained further industry recognition by winning the Elektra 2021 Power Product of the Year award.

"We're delighted to participate in Trameto's second round of seed funding," states Dr. Richard Thompson, Senior Investment Executive, Development Bank of Wales. "Incorporating batteries in an industrial sensor effectively locks in the need to regularly replace them, disrupting production and contributing to high through-life operating and maintenance costs. Trameto's OptiJoule EH PMICs offer the simplest, most effective, and economical way to create self-sustaining wireless IoT solutions. Huw and the team have made exceptional progress and we look forward to working with Trameto, Silicon Catalyst and now u-blox as our new corporate co-investor "

Tony Milbourn, Corporate Strategy, u-blox AG comments, "Trameto has a clear vision to help manufacturers adopt an alternative approach to powering IoT devices. Unlike existing energy harvesting techniques that require significant design effort for different harvester types, OptiJoule autonomously adapts to any, many, and multiple harvester technologies."

Trameto is a UK-based fab-less semiconductor company. Its OptiJoule smart energy harvesting PMICs manage the energy created by solar cells from ambient light, piezoelectric or electrodynamic devices that harvest energy from vibrations, and thermoelectric generators that convert temperature difference into electricity. Up to four harvesters of the same or mixed types can be connected in any combination to the inputs of an OptiJoule smart EH PMIC, without additional interface components. Uniquely, each OptiJoule EH PMIC input adapts autonomously to the type of harvester connected to it, maximising energy capture.

Trameto has received funding from the European Union's Horizon 2020 funding programme.

PR agency contact: Robert Huntley, Seventy Four Hundred Technical Marketing, +44 7764 588 737, robert@seventyfourhundred.com

• The Development Bank of Wales was set up by the Welsh Government to support the economy of Wales by making it easier for businesses to get the finance needed to start up, strengthen and grow. The purpose of the Development Bank is to unlock potential in the economy of Wales by increasing the provision of sustainable, effective finance in the market. • Launched in October 2017 it is a cornerstone organisation for delivery of public sector financial products, supporting micro to medium businesses in Wales and increasing the supply of finance. It promotes economic development through an adaptable delivery model that is responsive to market needs whilst providing continued value for money for public funds. It delivers key Welsh Government policy objectives measured through performance targets and providing investment management and support services across the whole of Welsh Government. • In total, the Development Bank invested £197.6 million in the 2020/21 financial year. Whilst £92 million in loans came from the Covid-19 Wales Business Loan Scheme (CWBLS) to support companies through the pandemic, investments from all our BAU funds also remained stable. £105.6 million provided a range of support for businesses across all areas of the economy and all stages of growth. • The Development Bank of Wales has invested over £100m in tech businesses and is one of the top five VC investors in the UK • See the Development Banks of Wales latest performance figures here Media centre: www.developmentbank.wales/media Development Bank of Wales Plc (Banc Datblygu Cymru ccc) is the holding company of a Group that trades as Development Bank of Wales. The Group is made up of a number of subsidiaries which are registered with names including the initials DBW. Development Bank of Wales Plc is a development finance company wholly owned by the Welsh Ministers and it is neither authorised nor regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). The Development Bank of Wales has three subsidiaries which are authorised and regulated by the FCA. Please note that neither the Development Bank of Wales Plc nor any of its subsidiaries are banking institutions or operate as such. This means that none of the group entities are able to accept deposits from the public. A complete legal structure chart for Development Bank of Wales Plc can be found at www.developmentbank.wales.

Trameto Secures Second Round Fundingfrom Development Bank of Wales and u-blox AG

Trameto Secures Second Round Funding
from Development Bank of Wales and u-blox AG