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Natural User Interface Europe AB Secures their First Round Investment - Natural User Interface Europe AB, a leader in multi-touch technology raises first round investment from Savings Bank of Norrland Foundation for Venture Capital
Natural User Interface Europe AB Secures their First Round Investment

 

PRZOOM - /newswire/ - Skellefteå, Västerbottens, Sweden, 2009/06/24 - Natural User Interface Europe AB, a leader in multi-touch technology raises first round investment from Savings Bank of Norrland Foundation for Venture Capital.

   
 
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Natural User Interface Europe AB (NUI), a Sweden headquartered innovative emerging technology company secured an investment from venture capitalist Savings Bank of Norrland Foundation for Venture Capital, one of the shareholders of Swedbank AB, which is a market leader banking group in Sweden and the Baltic region.

The funding will allow NUI to broaden product development, invest into additional marketing and sales activities, building a stronger partner network and attract additional human resources, to strengthen its existing leading position in the market.

NUI has been offering its advanced multi-touch software, hardware and services to the global market for two years, as one of the first companies worldwide, covering a wide spectrum of different industries including the exhibition industry, banking, real estate, education, museums and others. NUI's prominent customers includes Ferrari, Alzorah Development Company, Lockheed Martin and Singtel, as well as others with whom confidential relationships are established. Products have been sold and integrated in South and North America, Europe, the Middle East and Asia.

Partnering with companies like N-trig, Nextwindow and others within the multi-touch industry, allows NUI to offer its products to a wider base of hardware touch technology platforms like capacitive, resistive, projected capacitive, optical and other technologies, which are integrated on consumer electronic devices like ultra small hand held mobile phones, to laptops and desktop computers, to larger scale interactive displays.

NUI's headquarter and innovation center is located in Skellefteå (Sweden), which is strengthened by its additional software operations in Poland and its office in Singapore to overlook the Asian market.

NUI CEO Harry van der Veen commented on the investment as follows: "We have been working on multi-touch technology before Microsoft announced the Surface and before Apple launched the Iphone. When these two giants showed their interest in the paradigm switch that started to take place within the field of human computer interaction, we knew that we were in for an interesting ride.The demand for our innovative interactive solutions continues to increase and this funding comes at a critical juncture in NUI's growth. We are especially delighted that despite the very harsh global financial times, that an entity within the banking industry, has reposed confidence in our vision and strategy and identified value in our company and the products and services that we offer."

Lars Karlgren, CEO of Savingbank of Norrland foundation for Venture Capital added: "NUI is one of the very few investments we have pursued during these hard financial times. The exciting market opportunities arising in the multi-touch field world-wide combined with NUI's market position, dedicated team, track-record and global customer base have been weighing heavy when taking the investment decision. We are very proud and happy of making this investment as we do envisage a bright future for NUI."

About NUI
Natural User Interface Europe AB (natural-ui.com) is a Swedish innovative emerging technology company specializing in delivering commercially available advanced multi-touch software, hardware and service solutions, to a wide varity of industries across the globe, from corporate organizations to governmental institutes. NUI is a privately funded, fast growing corporation, supported by two angel investors, with its headquarter and Innovation center in Skelleftea (Sweden), additional Software Development operations in Poland and an office in Singapore. NUI's software product, which is available to end clients, software developers, VAR's and OEM's, operates on a wide variety of hardware technology platforms like rear camera based solutions, IR overlay systems, capacitive, resistive and other touch technologies for small hand held mobile devices and larger scale interactive displays. NUI's vision is to change the way people interact with computers, through the mission of making the interface between users and technology more natural.

 
 
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Natural User Interface Europe AB Secures their First Round Investment

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Contact: Pradeep George - Natural-UI.com 
+46 70 286 5975 pg[.]natural-ui.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Natural User InterfaceTechnologies AB securities in any jurisdiction including any other companies listed or named in this release.

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