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Arctic Sand appoints replacement CEO

Arctic Sand appoints replacement CEO

Business news |
By eeNews Europe



Arctic, founded in 2010 as spin-off from the Massachusetts Institute of Technology, does not have much to say about itself but according to investor Arsenal Venture Partners the company has developed power conversion chips that are 10 times smaller and 75 percent more efficient that traditional conversion systems.

Davison, who is "entrepreneur in residence" at Arsenal Ventures, took over as CEO of Arctic in September 2013. He had previously led another Arsenal investee, Powerprecise Solutions Inc. which was sold to Texas Instruments in 2007. TI had a particular interest in battery management ICs developed at Powerprecise.

Back in January 2013 when Dialog Semiconductor plc joined the Series A funding round Arctic Sand was described as having a patented technology called TIPS that uses switched capacitor technology for power conversion with smaller inductive components, increased efficiency and higher power density compared with competing technologies.

"Arctic Sand’s TIPS power management technology, together with their MIT relationship, perfectly complements our technology portfolio and Dialog’s support of such technologies will help us maintain leadership at the forefront of power management innovation," said Mark Tyndall, vice president of corporate development at Dialog, at the time.

Arctic did not respond to a request for more information about the change of leadership by the time this story was posted.

Related links and articles:

www.arcticsand.com

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