Shocking Technologies, which develops innovative polymer nanocomposite material named as the Voltage Switchable Dielectric (VSD) material to protect electronic products against electrostatic discharge (ESD), has amassed $10.5 million.
The lead investor is Littelfuse, a provider of circuit protection products and solutions. Hitherto, Shocking Technologies has raised investment capital of more than $60 million. The latest funding will be utilized to accelerate and fulfill worldwide demand for the company’s patented VSD solution.
Shocking Technologies' VSD polymer nanocomposite, XStatic material works largely as a dielectric or insulator during typical circuit operation and turns out to be largely conductive during an increase in voltage above a predefined threshold value. However, the material can again work as an insulator when the voltage reaches its normal operating value. Hence, the XStatic material can be integrated in a package substrate or PCB to route damage-causing ESD currents and voltages to ground or to other designated sites, thus protecting devices, components, circuits and elements from ESD events. The company offers the XStatic material with software analysis tools.
Littelfuse’ Chief Executive Officer, Gordon Hunter commented that the company is happy with the results PCB manufacturers and OEMs are experiencing with the XStatic material, which holds potential in handling the ESD challenges being faced by electronics companies.
Shocking Technologies’ President and Chief Executive Officer, Lex Kosowsky stated that the company has achieved significant progress in providing predictable and dependable ESD solution to offer faster and better ESD protection at a lower cost for a variety of sub systems and consumer applications. The combination of VSD material’s novel properties and accompanied design and analysis tools enables customers achieve reduced bill-of-materials and market-reach time.