Interleaved Magnetic lands microloan for loudspeaker development

Interleaved Magnetic Products isn’t a start-up building a better mousetrap, but a much more efficient loudspeaker.

The downtown Ann Arbor-based company that calls Ann Arbor SPARK’s incubator home is developing technology that should make loudspeakers more energy efficient by a magnitude of 10.

“The goal is to make the loudspeaker many times more efficient,” says Tom Heed, president of Interleaved Magnetic Products. “It’s maybe one-percent efficient now. We would like to get it up to 10-percent efficient.”

Heed has made a career as an audio engineer, working for the likes of Harman before striking out on his own. He started Interleaved Magnetic Products in late 2011 and just led a team of four employees and a couple of independent contractors to score a Michigan Microloan Fund microloan, which is usually worth about $50,000.

Interleaved Magnetic Products is currently prototyping its technology, using the microloan to buy parts for the newest version. Heed expects to have a Beta version ready by early next year and secure a round of seed funding not long after that.

Source: Tom Heed, president of Interleaved Magnetic Products
Writer: Jon Zemke

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