EG Technology Inc.

EG Technology Inc. is a specialized firm that focuses on product design and development, primarily in the medical and consumer product sectors, delivering innovative engineering solutions to meet market needs. Founded in 2002 in Atlanta, US, EG Technology Inc. is engaged in the design and development of advanced technological solutions.

The company has completed a total of 2 deals, with its most recent deal occurring on September 1, 2009. It raised USD 5. 00 mn during its Series C funding round, with notable investors including Gray Ventures, H. I.

G. Capital, Noro-Moseley Partners, and Sevin Rosen Funds. The company was co-founded by Andrew Ede and Danny Godfrey. EG Technology specializes in product design and development, focusing on the engineering and creation of innovative medical devices, consumer products, and advanced technological solutions.

Their core offerings include the development of a fold-away incubator for neonates, a smart, energy-saving plug socket, and the Sentimag® surgical guidance system, which enhances breast cancer care. These products cater to specific end-user needs such as providing a safe environment for infants, optimizing energy usage for consumers, and improving surgical accuracy in medical settings. EG Technology primarily serves clients in sectors such as MedTech, LabTech, BioTech, and CleanTech, marketing their products globally, with significant sales in North America, Europe, and parts of Asia. EG Technology generates revenue through collaborative partnerships and direct B2B transactions with clients in various sectors.

Their services often involve tailored projects that include design consultation, prototyping, and compliance testing, structured around client-specific requirements. Revenue is realized through project-based contracts rather than a subscription model, with clients engaging EG Technology for one-time projects or ongoing collaborations that span multiple development phases. Each project culminates in the delivery of a commercially viable product, enabling clients to successfully launch their innovations into the marketplace. EG Technology aims to enhance its product portfolio by designing new items, including upcoming releases in the medical device sector.

The company plans to expand into new geographic markets, specifically targeting growth in Asia and Europe by 2010. The recent funding from the Series C round will support these initiatives, particularly through research and development efforts to innovate additional products. In September 2009, Arris Group Inc. acquired certain assets of EG Technology Inc.

, which may influence its future growth strategies.