Smart display company E2ip Technologies raises $120 million
Summary
Its present-day focus is on human-machine interfaces, which refers to a user dashboard that connects a person to a machine, system, or device.E2ips smart surface technologies allow functions such as touch controls, lighting, telecommunication, and energy harvesting to be printed, then directly integrated within the structural surface of objects, machines, appliances, and systems that people interact with every day. E2ips product portfolio includes moulded parts for curved 3D smart surfaces, and electromechanical systems, among others. Its 5G smart surfaces were developed in collaboration with the federal government scientific laboratory Communications Research Centre Canada.According to E2ip, the funding will support the expansion of its national and international facilities. This includes the consolidation of its manufacturing facility with its research and development facility in Montr\xe9al by the end of 2024, which will become E2ips new head office.E2ip said it will also deploy new production lines in its Canadian facilities for its smart moulded parts, which transform bulky, traditional electronics and control panels into smart, curved surfacesEric Saint-Jacques, CEO of E2ip, said its tech reduces the eco-footprint and cost for its customers products as it reuses materials, as opposed to adding components, labour, and cost to the exterior of the structure in the final assembly. Overall weight and space are also further reduced, and the design is made more appealing and durable.According to E2ip, with this latest investment, Investissement Qu\xe9bec more than doubled its position in the company, though the exact size of the firms ownership stake is not disclosed.