BURLINGTON, Mass.--(RedShift Systems Corp., the leader in next generation thermal imaging technology, announced today that it has closed a second round of venture capital funding. The $6 million round was led by diversified global manufacturing and technology company Emerson, a new investor, and also included existing investors.)--
“There is tremendous fit between our technology and Emerson’s businesses and I expect this investment will be the start of a very productive relationship.”
RedShift will use the funding to complete development of its Thermal Light ValveTM -based camera platform, which is designed to be the lowest-cost and easiest-to-integrate thermal imaging solution for OEMs. Thermal imaging is a critical technology for enabling a range of emerging energy efficiency products such as intelligent HVAC, energy auditing in buildings, adaptive data center cooling and network power management. Until RedShift, thermal imaging was largely unaffordable for use in these and many other applications.
“We are thrilled that Emerson has decided to back RedShift,” said Matthias Wagner, Chairman and co-Founder of RedShift. “There is tremendous fit between our technology and Emerson’s businesses and I expect this investment will be the start of a very productive relationship.”
About RedShift Systems, Corp.
RedShift Systems enables the mass-market application of optical thermal imaging for contracting, industrial, security, first responders and automated sensing applications where delivering universal deployment is critical. Its core innovation, the Thermal Light Valve™, delivers highly reliable performance at a fraction of the cost of current solutions. RedShift manufactures components and cameras that enable OEMs to address new or under-penetrated markets. For more information, visit www.redshiftsystems.com.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to create innovative solutions for customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2008 were $24.8 billion. For more information, visit www.Emerson.com.
Thermal Light Valve is a trademark of RedShift Systems. All other company, product or service names not owned by RedShift mentioned in this press release are the property of their respective owners.