History

MicroPower Global Limited is a private company that has acquired the intellectual property rights to groundbreaking technology in the area of energy conservation. To develop and market the technology and resulting products, MicroPower will operate through subsidiaries in the US, Europe and elsewhere. References to “MicroPower” or the “Company” include the subsidiaries where relevant.  
 
The original research and development for this technology was carried out over nearly 10 years by a private US company funded in the main by Max Lewinsohn, his family and friends. Structural changes during 2007 damaged the confidence of the main backers, and in January 2008 the company filed for bankruptcy protection. The Bankruptcy Court appointed a Trustee to manage the estate, and strong competition emerged to acquire the underlying intellectual property.
 
After months of negotiations Mr. Lewinsohn finally succeeded in acquiring the intellectual property and ancillary assets as part of a Settlement with the Trustee. After due process the transactions were approved by the US Bankruptcy Court in November 2008. The intellectual property and ancillary assets have now been acquired by MicroPower, with the intention of completing the remaining engineering work and exploiting the technology in markets throughout the world.
 
An experienced and qualified team has been assembled to tackle these very tasks, and to bring the MicroPower Chip into production. The Company has also enlisted the support of several members of the former management team, both to ensure an orderly transfer of technical know-how and to maintain continuity with potential customers and partners.