POTENTIA ACHIEVES ISO REGISTRATION
OTTAWA — Potentia Semiconductor has achieved registration of its quality management system to the ISO 9001:2000 standard, following an audit conducted by QMI. Significantly, no ‘findings’ (errors) were identified during the audit process, meaning that no corrective actions were required. The management system registration strengthens Potentia’s market leadership in digital power management controller chips and supporting software, said company president and CEO, Danny Osadca.
“For no findings to have been identified for a company founded just three years ago is a truly remarkable achievement, and is thanks to the concerted efforts of staff throughout the entire company. ISO 9001:2000 recognizes that all aspects of the business take a common approach to continuous quality improvement.
“In applying this rigorous quality standard to all of our management processes, we are providing our customers throughout the world with the assurance that we are following best practice quality procedures and producing the highest quality products.”
In related news, Potentia announced it has completed a US$8 million equity financing. Funding was provided by VenGrowth Private Equity Partners of Toronto, Kodiak Venture Partners of Waltham, Mass., and Teachers’ Private Capital, the private equity arm of the Ontario Teachers Pension Plan Board.
The investment has allowed Potentia to grow its sales and marketing organization as it continues to deliver a full portfolio of power management solutions to the global marketplace.
Osadca said, “Power system designers are challenged to deliver more advanced system level power management functionality under ever-increasing board size constraints. Designers face these challenges in a world of shortened design times and lean design teams and that’s why Potentia is offering a new and more effective way of designing and implementing power management solutions.”
“Potentia’s configurable ICs and software tools help designers move from a time-consuming, error-prone, analog-based process to one that is fast, intuitive, software-assisted, and digital,” said Dave Furneaux, managing general partner at Kodiak.