With a focus on rapid paybacks, ARV energy sustainability investments target companies with revenue prospects of $30 to $100 million. At a mere 10 percent, demand-side energy and resource efficiency technologies represent at least a $100 billion annual market opportunity in the United States alone, with strong growth prospects despite the current challenging economic environment.Energy sustainability technologies are expected to be accelerated by regulatory policies. ARV collaborates with a strong syndicate of co-investors, including leading technology and clean technology venture capital firms in the United States, Canada, and Europe.
Examples of ARV portfolio company successful exit investments in 2010 and 2008 include:
• PlanarMag: Tyco Electronics Ltd. (NYSE:TEL) acquired PlanarMag, Inc. in August 2010. Headquartered in West Sacramento, California, PlanarMag, Inc. is a leading developer of electromagnetic components for the computer, data networking and telecommunications industries. Drawing from practices used in the integrated circuit industry, PlanarMag applies advanced design and process technology to develop innovative solutions for wired and wireless communications.
• Clairvoyante: Samsung Electronics (LSE: SMSN) acquired Clairvoyante in March 2008. Headquartered in Cupertino, Calif., Clairvoyante licenses unique pixel architectures and algorithms that revolutionize the power consumption and image quality of HDTVs and other LCD, plasma and OLED displays through the deployment of proprietary PenTile Matrix. This technology can reduce power consumption by up to 40 percent in HDTVs. Clairvoyante's PenTile Matrix™ enables display manufacturers to produce a higher-quality product with reduced power consumption, decreased production cost and increased gross margin.
• Incuity Software, Inc.: Rockwell Automation, Inc. (NYSE: ROK) acquired Incuity Software, Inc. in April 2008. Headquartered in Mission Viejo, Calif., Incuity Software is a leading developer of real-time business intelligence software for manufacturing enterprises, commercial plants and facilities. Incuity Software drives manufacturing efficiency, reducing energy and raw material consumption. Incuity solutions are installed in more than 100 customers worldwide and saving millions of dollars in energy costs annually for its customers.
