12th Aug 2011: Evince Technology Has Moved
Evince has moved into the Netpark Incubator facility in County Durham (read more) ...
9th Feb 2010: Evince Technology to Participate in UK Cleantech Trade Mission
Evince is one of 19 businesses selected from over 140 applicants to participate in the Clean & Cool Trade Mission 2010 (read more) ...
30th Sept 2009: World's First Diamond Power Device Announced
Commercial scientists have developed the world’s first diamond solid-state power switching device (read more) ...
16th May 2008: Evince Secures £500k Investment
Evince Technology secures funding from investment led by NorthStar Equity Investors (read more) ...
© 2011 Evince Technology Limited, Netpark, Sedgefield, County Durham, UK, TS21 3FD
9th February 2010
Evince Technology to Participate in UK Cleantech Trade Mission
Evince is pleased to announced that it will be one of 20 businesses selected from over 150 applicants to participate in the Clean & Cool Trade Mission to San Francisco between 20th and 26th February 2010.
The mission, sponsorered by the UK Technology Strategy Board, BP Alternative Energy and, UK Trade and Investment amongst others, gives Evince a high profile opportunity to showcase its disruptive technology in-front of the largest technology investment community in the world.
For more information please read the full press release below or follow the link above.
Diamond electronic device developer bound for Silicon Valley
THE company that developed the world’s first practical diamond power semiconductor device is going on a high profile trade mission to California’s Silicon Valley as the only North East company chosen to showcase UK capabilities in clean technology.
The company, based at Netpark in County Durham, is just one of 20 companies chosen from more than 150 applicants to go to San Francisco on February 20 to meet Silicon Valley investors, potential customers and to visit major companies.
The mission will coincide with the annual Cleantech Forum in San Francisco which brings together 1,000 industry leaders.
In Silicon Valley, Evince will be promoting its groundbreaking class of electronic devices based on the superior electronic properties of diamond. Its transistor-like devices will be able to control megawatts of electrical power far more effectively than is currently possible.
The devices will sit at the heart of renewable power generation systems, play an enabling role in Smart Grid transmission and distribution networks, and benefit end-use applications such as rail locomotive and industrial machine drives. Replacing the silicon devices used today with Evince devices could generate global efficiency savings equivalent to 500 million tonnes of carbon dioxide every year.
Dr Gareth Taylor, Evince Technology chief executive officer, said: “At first glance a transistor does not look very clean-tech, however without our technology the cost of linking many sustainable energy systems to the grid remains prohibitive and a major barrier to their growth.
“Not only will users of our technology halve the cost of these interfaces but they will also get a significant efficiency improvement. The fact that we were successful in getting on this mission reflects the recognition by the judging panel that often it's the hidden stuff that will make sustainable technology a reality.
“We have been getting enquiries from major manufacturers across the globe since announcing the technology in September and this mission will further enable Evince to increase its profile in what continues to be the most important international technology hotbed.
“The UK seed capital market has all but dried up and what remains has become highly risk averse. This gives us a fantastic opportunity to meet investors and partners who we would never otherwise get access to. We hope that this will create opportunities to take the business to places we had not considered just a few months ago.”
The company is currently looking to raise £300k of interim finance in order to produce further pilot devices and work with customers so that the company can secure a much larger investment round later in the year to take the technology to market.
Evince Technology was founded in 2008 to commercialise a new approach using diamond as an electronic material, based on more than a decade of research.
The company has been funded to date by venture capital from Northstar Equity Investors, Imperial Innovations and Carbon Trust Investments. The company has additionally secured a Proof of Concept loan from NStar, BERR research and development grants from One North East and support from the Carbon Trust Business Incubation scheme.
Organised by Technology Strategy Board, UK Trade and Investment, Polecat, Volans and Enterprise UK and supported by Orrick, BP Alternative Energy and Cleantech Group, the mission is designed to make it easier for some of the most innovative and enterprising entrepreneurs in the UK’s Clean Technology sector to take their businesses into the global marketplace.
Iain Gray, chief executive of the Technology Strategy Board said: “The real story here is about these very successful UK business people who have embarked on innovative ventures in a new but growing sector. They are pioneers and we are working with them because we want to see them find their place in what looks set to become a successful international market.”