innovative micro technology
(IVMX:OTC US)
innovative micro technology (IVMX) Snapshot
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52 Week High
02/7/13 - $0.01
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52 Week Low
01/14/13 - $0.0002
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Market Cap
36.2K
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Average Volume 10 Days
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7.0M
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Innovative Micro Technology, Inc. designs, develops, and manufactures micro-electromechanical systems in the United States. The company offers its solutions in areas, such as biomedical and biotechnology, which include hazard detection, drug delivery devices, implantables and opthalmological passive and active devices, gene chips and detection systems, and particle detection; infrared, including IR focal plane arrays for night vision application, IR emitters for friend-or-foe application for military, and high-vacuum wafer-level packaging; optical telecom, such as planar lightwave circuits, wide spectrum switching, variable optical attenuators, and add/drop switches and protection/rerouting switches; RF and DC switching, such as DC for Cu cross-connect for DSL application, MM wave RF switches for military and industrial applications, capacitive and metal-metal contact switching, and hermetic wafer-level packaging. It also provides its solutions in areas, which include sensors, such as gas and chemical sensors, environmental sensors, and automated air quality monitoring and control; and inertial measurement, which include gyro and accelerometers. In addition, it offers wafer fabrication services. The company provides its products for applications, such as biomedical and biotechnology, infrared, optical telecommunications, RF and DC switching, sensors, and inertial measurement. It offers its products to the RF, biotech, biomed, optical communications, infrared, navigation, and general markets servicing Fortune 500 companies, as well as startups. Innovative Micro Technology, Inc. was formerly known as Applied Magnetics Corp. and changed its name to Innovative Micro Technology, Inc. in November 2001. The company was incorporated in 1957 and is based in Santa Barbara, California.
innovative micro technology (IVMX) Key Developments
Innovative Micro Technology, Inc. announced the appointment of Dr. Kurt Petersen to the IMT board of directors. Dr. Petersen is recognized as an expert and a voice of the MEMS industry having created fundamental MEMS technology from inception. He has co-founded six successful MEMS companies and acted as a consultant to more than 50 MEMS enterprises.
Owl biomedical, Inc. and Innovative Micro Technology (IMT) announced that Owl biomedical has officially launched its commercial cell sorting system (Nanosorter®) utilizing IMT’s MEMS cell sorting devices. The cell sorter chip itself is a convergence of heterogeneous functions and disparate materials integrating optics, 3-D microfluidics and electromagnetic actuation. At the heart of the cell sorter is an ultra-high-speed microscopic fluidic valve which operates faster than any other in the world; 0 to 1.4 meters per second, spanning 25 microns in 15 microseconds. Sorting effectiveness is due to the device’s speed in which it diverts “targeted” cells to be separated from materials such as blood or bone marrow. By embedding this MEMS chip in a fully-enclosed disposable cartridge format, human cells can be safely processed and purified in a low-cost, high performance disposable that could empower the cellular medicine revolution.
Innovative Micro Technology, Inc. announced that Craig Ensley has joined IMT as President and Chief Executive Officer effective immediately. He succeeds Dr. John Foster, who is resigning from the company to become CEO of one of IMT's major customers. Mr. Ensley brings over 30 years of successful executive leadership and semiconductor industry experience to IMT. Most recently before joining IMT, Mr. Ensley was CEO of DisplayLink Corporation. Previously, he served as President and COO of Peregrine Semiconductor.
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To contact INNOVATIVE MICRO TECHNOLOGY, please visit www.imtmems.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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