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Infinitum Recognized with Three CES 2023 Innovation Awards Honoree Designations

Infinitum Recognized with Three CES 2023 Innovation Awards Honoree Designations

New Aircore Mobility motor and Aircore EC motor honored for outstanding design and engineering in sustainability and embedded technologies categories

November 17, 2022 – Austin, Texas – Infinitum, creator of the breakthrough air core motor, today announced it has received three CES® 2023 Innovation Awards Honoree designations. Infinitum’s new Aircore Mobility motor and its Aircore EC motor were honored for their outstanding design and engineering in the sustainability, eco-design & smart energy category. Infinitum’s Aircore EC was also honored in the embedded technologies category. This year’s CES Innovation Awards program was very competitive, receiving a record number of over 2100 submissions. 

The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)® is an annual competition honoring outstanding design and engineering in 28 consumer technology product categories. The announcement of the winners was made on November 16th at 5:30pm EST ahead of CES 2023, the world’s most influential technology event, happening January 5-8 in Las Vegas, NV. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions and awarded honors based on innovation, engineering and functionality, aesthetic and design. 

Traditional electric motors consume more than half of the world’s electricity. Infinitum’s patented motor design replaces the large, heavy iron core found in traditional motors with a lightweight printed circuit board (PCB) stator. Infinitum motors are 50 percent smaller and lighter, use 66 percent less copper and no iron, consume 10 percent less energy and are 9 times more durable than traditional motors. Infinitum motors are modular by design, making them easier to service and allowing the housing, rotors, and stators to be reused multiple times, serving future generations.

The Infinitum Aircore Mobility is an axial flux propulsion and traction motor designed for applications that drive, fly or sail. Aircore Mobility is engineered to operate at high speeds with maximum stability. The motor supports air cooling or liquid cooling to achieve power densities three to nine times the current density of a conventional motor. The motors are highly efficient over a wide range of load conditions, and modular design makes it possible to rapidly prototype a motor to match the rating configuration that best fits a given application. Aircore Mobility can sustainably power passenger and commercial electric vehicles, as well as aerospace, marine, construction, agricultural machines and auxiliary applications. 

The Infinitum Aircore EC is disrupting the motor industry with its patented printed circuit board (PCB) stator and integrated, silicon-carbide-based Variable Frequency Drive (VFD), which provides precise control over motor operations and saves upwards of 65 percent of energy use depending on the application. The Aircore EC can sustainably power commercial HVAC fans and pumps as well as a variety of industrial equipment applications.

“Being recognized with three CES 2023 Innovation Awards Honoree designations for our Aircore Mobility and Aircore EC motors is a tremendous honor and achievement,” said Ben Schuler, founder and CEO of Infinitum. “Our talented team has worked for several years to design motors that go beyond traditional limits, pushing boundaries to deliver products that are better for the planet and future generations. We’re delighted that CES has recognized the outstanding technology design and engineering behind our visionary motors.”

Infinitum will be showcasing its Aircore EC and Aircore Mobility motors at CES 2023 in the Innovation Showcase and at booth 3971 in the Las Vegas Convention Center (LVCC), West Hall for Vehicle Tech & Advanced Mobility.

New for CES 2023 — CES has partnered with the World Academy of Art and Science (WAAS) to showcase the critical role of technology in support of the United Nations efforts to advance human security around the world. For CES 2023, CTA introduced a new category of Innovation Awards showcasing technologies advancing human rights. The Human Security for All category includes eight new tech subcategories.

The CES 2023 Innovation Awards honorees, including product descriptions and photos, can be found at CES.tech/innovation. More will be revealed in January. Many honorees will showcase their winning products in the Innovation Awards Showcase at CES 2023.

Owned and produced by CTA, CES 2023 will take place in Las Vegas on January 5-8, 2023, with Media Days taking place January 3-4, 2023. Attendees will experience new technologies from global brands, hear about the future of technology from thought leaders and collaborate face-to-face with other attendees. The show will highlight how innovations in sustainability, transportation and mobility, digital health, the metaverse and more are addressing the world’s greatest challenges. Audiences will hear from industry experts during live keynotes, including leaders from John Deere and AMD. Visit CES.tech for all CES 2023 updates, registration details and the media page for all press resources.

About Infinitum
Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum’s electric motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum is led by a team of industry experts and pioneers. To learn more, visit goinfinitum.com.

Infinitum Electric Secures $30M in Additional Growth Capital to Expand and Fully Automate Production Facility in Mexico and Rebrands as Infinitum

Infinitum Electric Secures $30M in Additional Growth Capital to Expand and Fully Automate Production Facility in Mexico and Rebrands as Infinitum

Funding to expand and deploy automation at 65,000 square foot facility to expedite production and meet a significant increase in demand for high-efficiency motors

November 8, 2022 – Austin, Texas – Infinitum, creator of the sustainable, breakthrough air core motor, today announced $30 million in additional growth capital from Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund. The funds will be used to expedite commercial and industrial motor production by expanding and fully automating assembly at the company’s 65,000 square foot facility in Mexico to meet a significant increase in demand.

The company also announced it has rebranded as Infinitum to support its mission of going beyond the limits of conventional motors to serve future generations. While the lifetime of traditional motors is typically 10-20 years, Infinitum goes beyond, delivering motors with class-leading efficiency and life expectancy. Infinitum motors are modular by design, making them easier to service, and allowing the housing, rotors, and stators to be reused multiple times.

“The world is increasingly moving towards electrification, which feeds the demand for more efficient electric motors and helps reduce greenhouse gas emissions across heavy industry, manufacturing, and HVAC applications,” said Juan P. Visoso, managing director of Riverstone Holdings Latin American office. “We’re excited to expand our investment in Infinitum, as part of our decarbonization strategy, so they can speed assembly and production in Mexico for their motors that are better for the planet.”

Electric motors consume more than half of the world’s electricity, with the general industry segment consuming 38 percent. Infinitum’s motor is 50 percent smaller and lighter, uses 66 percent less copper and no iron, and consumes 10 percent less energy. Infinitum motor components can be reused, allowing them to stay in service for decades.

“Partnering with our network of existing investors allows us to automate assembly in our dedicated facility so that we can scale production this year and next, to meet escalating customer demand for our highly efficient motors,” said Ben Schuler, founder and CEO of Infinitum. “Rebranding the company as Infinitum underscores our commitment to future generations by going beyond to produce motors that can power the world with less energy and waste because they are designed with circularity in mind.”

As part of its rebranding, Infinitum’s IEs Series motor for general purpose, commercial and industrial applications will be renamed to the Aircore EC. The IEm Series motor for mobility applications will be renamed to Aircore Mobility and the IEalt product line of alternators in development will become Aircore Power Gen.

To learn more about Infinitum, visit www.goinfinitum.com.

About Infinitum
Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy and reducing waste. Based in Austin, Texas, Infinitum is led by a team of industry experts and pioneers. To learn more, visit goinfinitum.com.

About Riverstone Holdings LLC
Riverstone is a global energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with over $43 billion of equity and debt capital raised to date. Riverstone conducts buyout and growth capital investments in the energy industry, with a leading franchise in low-carbon investing. The firm’s pioneering investment vehicles in low-carbon platforms – which include mobility, battery materials, solar, wind and renewable fuels – span over 15 years, with over $6 billion committed to the category since 2009 and over $1.6 billion raised across its low-carbon strategies in 2020 alone. With offices in New York, Menlo Park, London, Houston and Mexico City, the firm has executed over 200 transactions across North America, South America, Europe, Africa, Asia, and Australia.

About Alliance Resource Partners, L.P. (NASDAQ: ARLP)
ARLP is a diversified energy company that is currently the largest coal producer in the eastern United States. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition.

About Caterpillar Venture Capital Inc.
Caterpillar Venture Capital Inc. assists entrepreneurs around the world to grow and scale their businesses to build today for a better tomorrow by leveraging Caterpillar’s industry expertise, supply base and independent dealer network. Caterpillar Venture Capital’s focus areas of investment include robotics, energy, advanced materials, and digital solutions that help its customers be successful. Caterpillar Venture Capital is a wholly owned subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more information, visit Caterpillar Ventures.

About Cottonwood Technology Fund
CTF is a seed and early-stage technology commercialization fund with offices in Santa Fe, New Mexico; and Enschede, the Netherlands. It invests in founding stage technology-related (particularly telecom, chemistry/material sciences, photonics, biosciences, robotics and new energy) businesses originating throughout the Southwest region of the US and also in Northern Europe. Visit www.cottonwoodtechnologyfund.com for more information.

Infinitum Announces Rick Tewell as President to Lead Hypergrowth Phase

Infinitum Announces Rick Tewell as President to Lead Hypergrowth Phase

Proven engineering and manufacturing leader with expertise in rapidly scaling production of ground-breaking technologies deepens executive team

AUSTIN, Texas–(BUSINESS WIRE)–Infinitum, creator of the breakthrough air-core motor, today announced that technology leader Rick Tewell will join the company as President. Rick brings nearly four decades of leadership experience scaling production across the automotive, semiconductor and electronics industries to Infinitum and will help lead the company’s hypergrowth phase.

Prior to joining Infinitum, Rick was Chief Operating Officer for AEye (NASDAQ: LIDR), a global leader in high-performance, lidar solutions for industrial and mobility markets including autonomous vehicles. He also served as Chief Operating Officer for Velodyne (NASDAQ: VLDR), a pioneer in 3D lidar sensing technologies, where he oversaw its manufacturing strategy and helped scale the company before its initial public offering in 2020. Previously, Rick served in numerous senior engineering roles for semiconductor and microprocessor industry leaders including Freescale Semiconductor, NVIDIA, Fujitsu Semiconductor, Verisilicon Holdings Co. and NXP Semiconductors.

“Rick’s deep expertise in embedded hardware engineering and manufacturing, along with his proven ability to lead and rapidly scale cutting-edge technology companies is unmatched,” said Ben Schuler, founder and CEO of Infinitum. “We’re confident that Rick will be an incredible asset for Infinitum as we grow and accelerate production of our sustainable air-core motors.”

“The Infinitum team has built a truly innovative, power-dense motor system that is highly scalable and capable of disrupting the motor industry,” said Rick Tewell, president of Infinitum. “I’m tremendously excited to join the company and help accelerate the mass production of electric motors that can have a positive and dramatic impact on the world at large.”

Infinitum’s patented air-core motor design replaces heavy iron used in traditional motors with a lightweight, printed circuit board (PCB) to generate higher power density in half the size and weight, at a fraction of the noise and carbon footprint created by conventional motors. Infinitum’s motor system includes an integrated, variable frequency drive (VFD) made using silicon carbide, which results in precise motor control, optimal power and energy savings.

To learn more about Infinitum’s motors, visit goinfinitum.com.

About Infinitum

Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air-core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum is led by a team of industry experts and pioneers. To learn more, visit goinfinitum.com.

Infinitum Wins 2022 Sustainability Award from Business Intelligence Group

Infinitum Wins 2022 Sustainability Award from Business Intelligence Group

Electric air-core motor designed for reuse recognized in the Sustainability Product of the Year category

AUSTIN, Texas –(BUSINESS WIRE)–Infinitum, creator of the breakthrough air-core motor, today announced it has been named a recipient of the Business Intelligence Group’s 2022 Sustainability Awards in the Sustainability Product of the Year category. The Sustainability Awards honor the people, teams and organizations who reflect sustainability in their overall mission, making sustainability an integral part of their business practice.

Infinitum’s air-core motor is designed with future generations in mind, going beyond efficiency and taking the entire lifecycle into account by using fewer resources to produce it, less energy to run it and a commitment to remanufacture it.

Using lightweight, reusable materials and modular design, Infinitum’s air-core motors generate the same power in half the weight and size, at a fraction of the carbon footprint and noise of traditional motors. The Infinitum motor – including its housing, rotors and magnets – can be refurbished and used in remanufacturing, re-using a majority of components to build another motor, and giving the components a second and third life.

“As industrial motors contribute to 38 percent of global electricity consumption, increasing the efficiency, life and reuse of these motors can help the sector reduce the world’s carbon footprint,” said Ben Schuler, founder and CEO of Infinitum. “Motors designed to go beyond conventional limits can serve the next generation by staying in service and out of landfills.”

“We are proud to reward and recognize Infinitum for their sustainability efforts,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that their vision and strategy will continue to deliver results toward a cleaner, more sustainable world. Congratulations!”

About Infinitum

Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air-core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum is led by a team of industry experts and pioneers. To learn more, visit www.goinfinitum.com.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

Infinitum Electric Highlights Sustainability Findings from SEMICON West Survey

Infinitum Electric Highlights Sustainability Findings from SEMICON West Survey

80 percent believe sustainability is extremely important to their company; 70 percent say reducing energy consumption can make the biggest impact on the environment

AUSTIN, Texas–(BUSINESS WIRE)–Infinitum Electric, creator of the sustainable, breakthrough air-core motor, today announced findings of a sustainability poll conducted at SEMICON West 2022, North America’s largest exhibition and conference for the microelectronics supply chain.

Infinitum Electric’s survey, whose respondents included business, facility operations and technology leaders from across the microelectronics supply chain, found that:

  • 80 percent believe sustainability is “extremely important” to their company
  • 70 percent believe that “reducing energy consumption” to make semiconductor products can make the biggest impact for the environment
  • 80 percent also believe that “reducing energy consumption” in semiconductor manufacturing is a sustainability initiative that can be achieved the fastest

The semiconductor manufacturing industry has traditionally been highly energy-intensive. According to McKinsey, large semiconductor fabs can use as much as 100 MWh of power each hour, which is more than many automotive plants or oil refineries do. Electricity can account for up to 30 percent of fab operating costs, so there is significant opportunity in rethinking power usage and management. Higher-efficiency motors with integrated variable speed drives used in vacuum and pumping applications, heating processes, fabrication lines and clean rooms are one way semiconductor manufacturers can significantly reduce energy usage.

Conventional electric motors consume more than 50 percent of the world’s electricity. If an estimated 50 percent of semiconductor fab energy is dedicated to electric motors, then 50 MWh are consumed by motors each hour. By replacing existing motors in a fab with motors that are 10 percent more efficient, each fab could save 5 MWh each hour, which is the equivalent of the electricity used by 1,650 homes. For all fabs producing 300 mm wafers, that equates to enough energy to power about 200,000 homes per year.

“As the industry works to reduce energy consumption to support sustainability goals and ESG initiatives, semiconductor manufacturers are finding that advanced, air-core motors can cut operating costs, while reducing carbon emissions,” said Bhavnesh Patel, vice president of business development, Infinitum Electric. “Smaller, lighter, quieter, highly-efficient motors that leverage variable speed drives, can reduce energy usage in manufacturing and contribute to more efficient operations, while featuring lower cost and simpler set-up and maintenance.”

During the SEMICON West 2022 conference, Infinitum Electric joined a dozen other innovators helping the semiconductor industry reduce its carbon footprint at the Startups for Sustainability Pavilion. Infinitum Electric presented on how its next-generation motors are helping the semiconductor manufacturing industry make semiconductors more sustainably. Other innovative startups that presented at the Startups for Sustainability Pavilion included NuMat Technologies, Aqua Membranes, Atonarp, FTD Solutions, Infinite Cooling, Membrion, Purity Resource and Tignis.

Infinitum Electric’s presentation and others are available for free on demand until Aug. 13th through the virtual platform by registering at https://www.semiconwest.org/.

About Infinitum Electric

Infinitum Electric has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air-core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum Electric motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum Electric is led by a team of industry experts and pioneers. To learn more, visit goinfinitum.com.