Analysis

3M Invests in Perceptive Pixel Inc.

22nd October 2010
ES Admin
0
Diversified technology company 3M, through its 3M New Ventures business, has invested in Perceptive Pixel Inc., a developer of advanced multi-touch solutions based in New York City. Terms of the transaction were not disclosed.
Founded by multi-touch pioneer Jeff Han in 2006, Perceptive Pixel is dedicated to the research, development and production of multi-touch interfaces for the knowledge worker. The company’s hardware and software products enable users to manipulate complex datasets through a new class of intuitive, powerful and visually rich interface techniques. The combination of its technologies with those of 3M will create incredible new opportunities for both companies.

“Perceptive Pixel has developed advanced technologies to enable intuitive multi-user, multi-touch interaction,” Stefan Gabriel, president, 3M New Ventures, said. “This strategic investment will create potential growth opportunities for the 3M Touch Systems business unit, stimulating future innovations in a variety of industries that use multi-touch devices.”

“Perceptive Pixel is at the forefront of multi-touch, seen as cutting-edge pioneers with this revolutionary user interface,” said Voyl Divljakovic, vice president and general manager, 3M Electronic Solutions Division. “Coupled with 3M Touch Systems’ industry-leading single-touch, gesture touch and multi-touch screen solutions, we believe this partnership will change the way users interact with a variety of technologies in the years to come.”

“We recognise 3M Touch Systems as a global technology leader in the touch industry, particularly with its projective capacitive technology (PCT) products,” said Jeff Han, founder, Perceptive Pixel Inc. “We are excited to partner with a company that shares our strong commitment to innovation and look forward to working together to push the boundaries of multi-touch solutions.”

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