Business Wire via NewsEdge Corporation : HILLSBORO, Ore.—(BUSINESS WIRE)—May 10, 2004—Micro Power Electronics, Inc., a leading developer of custom portable power systems for use in mission-critical mobile applications, today announced it secured nine million dollars in new funding from Sierra Ventures, a Sand Hill Road venture capital firm, and Silicon Valley Bank, the primary subsidiary of Silicon Valley Bancshares. The investment will enable Micro Power to accelerate its national expansion and broaden its research and development efforts to meet the growing power requirements in the portable medical, rugged handheld computing and field instrument markets.
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