MTI invests in Java enabled microprocessor technology
28th March 2000, London - - MTI, the UK's leading early-stage hi-tech venture capital investor, announced today that it has completed an investment in Digital Communication Technologies Limited ("DCT"), a Surrey-based business that has developed a unique technology that allows low-cost embedded microchips to run Java applications cost-effectively.
Java is the de facto standard language of the web, being deployed in virtually all devices that need a web communications facility from PC's and PDA's to mobile phones. However, to date, the costs associated with using Java technology have limited its uptake in a wider range of applications such as the cars and domestic appliances (e.g. the 'smart' refrigerator). DCT's technology materially reduces the cost of supporting Java and network communications in the microchips used in such lower end devices.
Although DCT is at an early stage of its development, prototypes using its technology have already been produced and patent applications are in progress, and the company is already generating serious corporate interest. The cornerstone investment received from MTI will enable the management to accelerate the company's growth.
Commenting on the investment Dr Paul Castle, Chief Executive of MTI,
CEO and co-founder of DCT, Chris Turner, added: