Adiabatic Logic shortlisted for UK's biggest business competition – "Running the Gauntlet"
CAMBRIDGE, England, 21 September 2005
– Adiabatic Logic Limited (www.adiabaticlogic.com), a Cambridge-based company focused on energy recycling techniques for electronic systems, has been shortlisted for a share of £1 million of investment funding as part of the UK's biggest business competition, Running the Gauntlet, which is organised by the East of England Development Agency (EEDA) in partnership with CREATE, Library House and the London School of Economics.
Adiabatic Logic was selected from over 400 businesses across the Eastern region. The shortlisted companies are now invited to submit a business plan and executive summary for consideration by the judging panel chaired by Boyd Mulvey, chief executive of CREATE and Doug Richard, CEO of Library House and a judge from BBC TV's Dragon's Den. Finalists will be announced on 1 November 2005, and will go head to head at EEDA's Destination Growth conference on 17 November, pitching for the £1 million investment funding and £200,000 worth of in-kind business services from sponsors BSG Team Ventures, Enterprise Accelerator, Grant Thornton and Taylor Vinters.
"We are delighted to have been shortlisted in the Running the Gauntlet competition and have benefited from having access to the new web based tool (The Gauntlet) which tests investment readiness," said Geoff Harvey, chief technology officer of Adiabatic Logic. "We believe that our power saving technology has huge commercial potential and this recognition can only serve to raise our profile among potential investors and help us to further fine tune our business plan."
Adiabatic Logic was spun out of the Cambridge Technology Group in June 2002 to further develop its low power Intelligent Output Driver (IOD). IOD replaces the conventional pad drivers in an integrated circuit and delivers up to 75% dynamic power savings in chip I/O for portable devices such as laptops, smartphones, PDAs, digital cameras and MP3 players.
Adiabatic Logic's IOD IP cell uses a patented energy recycling technique which exploits the principle of adiabatic (or reversible) computing. IOD recycles energy normally wasted each time a digital I/O pad driver makes a switching transition. In addition to its power saving potential, Adiabatic Logic's IOD solution offers a multitude of other potential benefits to IC and system developers. For example, it can reduce the overall component count and bill of material (BOM) cost by minimising battery size, cutting DC-DC converter/thermal management costs and eliminating the requirement for terminating resistors.
About Adiabatic Logic (www.adiabaticlogic.com)
Founded in 2002, Adiabatic Logic Limited is part of the Cambridge Technology Group and was set up to exploit a portfolio of secured patents in the low power technology arena. Adiabatic Logic has a patented technique with the potential to significantly reduce the power consumption of digital computer chips, such as those found in today's laptop computers, personal digital assistants (PDAs) and mobile phones. The design team's focus is on creating and applying intellectual property (IP) to exploit the concept of 'loss-less' processes. An adiabatic process is one in which no heat is gained or lost. It is a concept normally associated with the behaviour of gases but can be applied in other physical domains, such as electronics. The company is based at Dry Drayton, on the outskirts of Cambridge, England.
About the Cambridge Technology Group (www.cambridgetechgroup.com)
Cambridge Technology Group is a holding company with three wholly owned subsidiaries - Adiabatic Logic Limited, Cambridge Technology Consultants Limited and XJTAG Limited. Cambridge Technology Consultants (www.camtechconsultants.com) offers its clients a broad range of services from high-end applications to innovative product development and technical consultancy skills. For ten years, its multi disciplinary team of hardware and software engineers have provided cost-effective solutions from concept through to pre-production. XJTAG Limited (www.xjtag.com) is a specialist design and test tool developer. Its JTAG (Joint Test Action Group) development system offers a competitive solution for designers and developers of electronic circuits.
