Emerson Ventures Makes Strategic Investment in Spearix

Rhea-AI Summary

Emerson (NYSE: EMR) has strategically invested in Spearix Technologies, Inc., focusing on its adaptive multi-core radio processor aimed at enhancing Industrial Internet of Things (IIoT) wireless communication. This marks Emerson Ventures as the first institutional investor in Spearix. The investment will help improve Emerson’s IIoT capabilities and Spearix's growth, addressing major wireless communication challenges posed by interference in industrial environments. Additionally, an engineering collaboration agreement has been established to leverage Spearix’s technology for enhanced network reliability.

Positive

• Strategic investment in Spearix Technologies enhances Emerson's IIoT capabilities.
• First institutional investment in Spearix by Emerson Ventures supports early-stage growth.
• Collaboration may lead to advanced solutions mitigating wireless communication challenges.

Negative

• None.

ST. LOUIS--(BUSINESS WIRE)-- Emerson (NYSE: EMR) today announced it has made a strategic investment through Emerson Ventures, its corporate venture capital arm, in Spearix Technologies, Inc., whose adaptive, multi-core radio processor provides a system-level solution for Industrial Internet of Things (IIoT) wireless communication.

Through the investment and Emerson Ventures’ value-add strategic investment approach, Emerson will support Spearix’s technology and early stage growth while expanding upon its own IIoT capabilities. Emerson Ventures is the first corporate or institutional investor to make an investment in Spearix. In conjunction with the investment, Emerson has also entered into an engineering collaboration agreement with Spearix.

“As the IIoT grows, billions of sensors and radio frequency (RF) transceivers will operate near others in low-cost, unlicensed RF bands. Wireless networks are increasingly challenged by a variety of RF aggressors, which can impact reliability and range,” said Thurston Cromwell, vice president of development and innovation, and head of Emerson Ventures. “We believe technologies like what Spearix is building have promise in overcoming the obstacles caused by interference and congestion. Emerson will realize even greater reliability and range through the implementation of Spearix technology into our robust industrial wireless mesh network portfolio and associated software products. Spearix technology also presents an enormous opportunity to significantly improve the performance of many other wireless communication protocols.”

“Emerson Ventures’ investment will enable Spearix to drive its advanced RF and Digital Signal Processor (DSP) architectures forward and continue to deliver solutions that resolve connectivity issues in harsh and congested RF environments,” said Laura Schafer, vice president and general manager, pervasive sensing and connectivity solutions at Emerson. “This technology offers a novel hardware and software approach that has the potential to significantly improve performance while preserving investments made in existing communication protocols.”

Based in Cedar Park, Texas, Spearix’s primary product offering is a multi-core radio processor and associated software that adapts to optimize performance and power based on measured environmental conditions. The technology has been shown to greatly improve the connection reliability of industrial protocols while operating under heavy interference induced by high-power, high-bandwidth pervasive Wi-Fi operation.

“At Spearix, we have ambitious plans and goals, and we are excited to partner with Emerson, which brings the same innovative thinking we rely on each day,” said Manas Behera, founder and chief executive officer at Spearix. “Emerson is an ideal fit for us, as they have the right people, technology, processes and market expertise. Together, we think we’re going to solve a tremendous challenge currently facing IIoT.”

Juan Conchas, vice president of sales and marketing at Spearix, added: “The Emerson partnership is a key step in commercialization of Spearix technology unlocking many new use cases in high value applications beyond industrial. The market is calling for industrial level reliability across many emerging applications, particularly in open spectrum bands like 2.4GHz where coexistence will be a challenge.”

The investment will complement Emerson’s vision for WirelessHART and the evolution of its IIoT product portfolio. Emerson led the development of WirelessHART as an open standard in the 2000s, establishing it as the leading wireless protocol for industrial applications. Integration of Spearix technology offers a step-change in reliability and range that is fully compatibility with existing WirelessHART systems and will improve co-existence and spectral efficiency, provide larger network support to reduce total cost of ownership, offer higher data rates to accommodate data-rich devices, and provide redundancy for critical applications.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and software company providing innovative solutions for customers in industrial, commercial and residential markets. A leader in industrial automation, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals through its Automation Solutions and AspenTech businesses. Emerson’s Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.

Forward-Looking and Cautionary Statements

Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the Company’s ability to successfully complete on the terms and conditions contemplated, and the financial impact of, the proposed sale of its InSinkErator food waste disposal business, the financial impact of the AspenTech acquisition, the scope, duration and ultimate impact of the COVID-19 pandemic and the Russia-Ukraine conflict, as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220826005390/en/

For Emerson

Investor Contact: Colleen Mettler 314-553-2197

Media Contact: Charlotte Boyd 952-994-8607

Source: Emerson

FAQ

What is Emerson's recent investment related to?

Emerson has invested in Spearix Technologies to enhance its Industrial Internet of Things (IIoT) wireless communication offerings.

What technology is Spearix known for?

Spearix is known for its adaptive multi-core radio processor that improves wireless communication in industrial settings.

How does Emerson's investment benefit its IIoT capabilities?

The investment supports Emerson's efforts to address wireless communication challenges and improve the reliability and range of its industrial wireless networks.

What type of agreement has Emerson entered with Spearix?

Emerson has established an engineering collaboration agreement with Spearix to further develop and apply its technology.

Is this Emerson's first investment in Spearix?

Yes, Emerson Ventures is the first institutional investor in Spearix Technologies.