MIDDLEBURY, Connecticut, June
22, 2017 /PRNewswire/ -- TIMEX, a global leader in
watchmaking for more than 160 years, has partnered with SilMach, a
French pioneer in Micro-Electro-Mechanical-Systems (MEMS), to
create the first MEMS powered watch movement. The jointly created
MEMS watch motors (boxes) and movements are the first
ever to utilize the MEMS nano technology thanks to SilMach's
PowerMEMS patented solution. The joint venture will be based, along
with SilMach and Fralsen (TIMEX's movement parts manufacturing
facility) in the French micromechanical cluster of Besancon.
Merging TIMEX' 160 years of expertise in watch making with the
pioneering skills of SilMach, the joint venture is set to disrupt
the watch industry.
TIMEX expects to release it's first MEMS powered watch movement
within its 2019 collection.
Tobias Reiss-Schmidt, TIMEX Group
President and CEO commenting on the new disruptive partnership,
stated "Thanks to our partnership with SilMach, Timex has succeeded
in developing another first in the watch industry. Together
with SilMach we are disrupting the industry and setting the stage
for nano technology. With this development, we are taking
revolutionary steps to dramatically enhance design and function in
watchmaking in ways that were previously not thought possible."
SilMach CEO, Patrice Minotti,
says, "The strategic alliance with TIMEX brings SilMach a
century-old expertise in watchmaking and complementary know-how
essential to create PowerMEMS solutions tailored for the watch
industry."
About TIMEX Group
TIMEX Group designs, manufactures
and markets innovative timepieces globally. Founded in 1854, TIMEX
Group is a privately-held company with numerous brands, such as
Timex, Nautica, Guess, Versace, Ferragamo, counts more than 4,000
employees worldwide and is one of the largest, vertically
integrated, watchmakers in the world.
About SilMach
Pioneer in the sector of silicon-based
hybrid micromechanics, SilMach designs, manufactures and integrates
disruptive MEMS solutions for the motorization of mobile systems
and the powerless sensors health control of structures. The company
is based in Besancon, France.
SilMach's unique expertise in hybridization enables the
combination of MEMS with conventional micromechanics technologies.
Created in 2003 by Patrice Minotti,
the company has financed the technology maturation of its
disruptive innovations by performing exploratory works for the
benefit of institutional agencies, research center, and key
industrial accounts in the energy, transportation, aeronautics and
watchmaking sector. It now has a portfolio of 20 patent families of
which 10 are co-owned with the French Government. For more
information: www.silmach.com
Contact:
Patricia Rappaport
prappaport@bratskeir.com
212-679-2233
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