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Latest Circuit Connect, Inc. news & announcements

Infinitum Continues Growth Trajectory With Three Executive Appointments, Caps Year Of Record Demand For High-Efficiency, Sustainable Motors

Infinitum, the creator of the sustainable air-core motor, announced the expansion of its leadership team and key 2023 highlights following a year of record demand and transformative growth. Bhavnesh Patel has been appointed as Chief Strategy Officer, Paulo Guedes-Pinto has been appointed as Chief Technology Officer and Mike DiNucci joins Infinitum as Chief Revenue Officer. As Chief Strategy Officer, Bhavnesh Patel will oversee Infinitum’s long-term strategic planning and initiatives. He joined Infinitum in 2019 as VP of Business Development and most recently served as SVP of Sales and Marketing. Patel brings more than 20 years of experience building and pioneering teams that deliver extraordinary revenue growth and customer loyalty to his new role as Chief Strategy Officer. Infinitum’s R&D and technical operations As Chief Technology Officer, Paulo Guedes-Pinto will oversee Infinitum’s R&D and technical operations As Chief Technology Officer, Paulo Guedes-Pinto will oversee Infinitum’s R&D and technical operations. He joined Infinitum in 2019 as VP of Technology and brings more than three decades of engineering leadership experience focused on the design and manufacturing of motors and drives to his new role as Chief Technology Officer. Mike DiNucci joins Infinitum as Chief Revenue Officer where he will oversee and drive alignment for all revenue generation activities. DiNucci brings to Infinitum nearly three decades of experience helping hyper-growth companies grow and achieve scale. Prior to Infinitum, DiNucci held senior executive positions with electric mobility companies ChargePoint and Xeal Energy where he specialized in building high-performance, go-to-market teams. Building upon success “Building upon the success we’ve experienced over the last year, we’re excited to expand our executive team with these proven, industry veterans and effective business pioneers,” said Ben Schuler, Founder and CEO, Infinitum. Ben Schuler adds, “Our immense 2023 growth is reflective of the fact that the world is ready for the next generation of motors that are designed and built with our planet in mind, and we look forward to innovating and scaling the company further in 2024.” highlights of 2023  Additional 2023 highlights include: Funding: Secured $185 million in Series E funding to expand the company, increase production to meet customer demand and drive decarbonization in the industrial sector; Growth: Increased revenue and unit volumes sold by nearly five times compared to the prior year; Manufacturing: Expanded and fully automated a production facility in Mexico to mass produce motors; acquired Circuit Connect, Inc. a printed circuit board (PCB) fabricator to support Infinitum’s efforts to become more vertical and allow for higher production capacity of PCB stators; Partners: Entered into an exclusive agreement with Rockwell Automation, Inc. to jointly develop and distribute a new class of high-efficiency, integrated low-voltage drive and motor technology; created a strategic technology collaboration with Infineon Technologies, a semiconductor provider in power systems and IoT that drives decarbonization and digitalization with its products and solutions; Products: Introduced Aircore Mobility, a next generation, propulsion and traction motor designed to power and extend the range of passenger and commercial electric vehicles; introduced a new EC motor designed specifically for data center cooling applications; Awards: Collected numerous high-profile industry awards including three CES Innovation Honoree designations, a Gold Edison Award, a Sustainability Leadership Award from the Business Intelligence Group, a Top Product of the Year Award from the Environment + Energy Pioneer Awards, an ARMA Innovator of the Year award, an ABJ Best Place to Work Award and an Austin Inno Blazer Fire Award; Team Expansion: Increased employee headcount by 67 across engineering, operations, manufacturing and sales.  In 2024, Infinitum will continue to invest in product innovation, manufacturing and growing the company to meet demand. 

Infinitum Acquires Circuit Connect, Inc. To Accelerate Production Of Sustainable Electric Motors And Support Hypergrowth

Infinitum, creator of the sustainable, breakthrough air core motor, has announced the acquisition of Circuit Connect, Inc. a printed circuit board (PCB) fabricator based in Nashua, New Hampshire, USA, that has consistently served the OEM and electronic manufacturing industry for 30 years. The acquisition of Circuit Connect, Inc. supports Infinitum’s efforts to become more vertical and immediately allows for a substantially higher production capacity of PCB stators. Infinitum acquires Circuit Connect, Inc. The acquisition also provides a framework for continuous volume growth The acquisition also provides a framework for continuous volume growth, which is critical to meeting the high demand for Infinitum’s innovative electric motor technology. Infinitum’s unique air core motor motors replace heavy iron found in traditional electric motors with a lightweight, printed circuit board (PCB) stator that is 10x more reliable. Infinitum motors are 50 percent smaller and lighter Infinitum motors are 50 percent smaller and lighter, use 66 percent less copper and consume 10 percent less energy than standard iron core stator motors. The motor’s modular design allows the housing, rotors, and stators to be re-used multiple times, giving parts a second and third life to serve future generations. Circuit Connect, Inc. has supplied Infinitum with PCB stators for more than 5 years, and has been closely involved in developing the manufacturing process and quality product that is at the heart of Infinitum’s award winning motors. The company has 21 employees who will join the Infinitum family, while continuing to service existing customers via the operation from Nashua, New Hampshire. PCB stators are the heart of sustainable electric motors Circuit Connect has worked side by side with us, advancing and improving how PCB stators are made" “Our PCB stator is the heart of our sustainable electric motors and what allows us to deliver the efficiency and energy savings that is so important to our customers and the planet,” said Ben Schuler, the Founder and Chief Executive Officer (CEO) of Infinitum. Ben Schuler adds, “Circuit Connect has worked side by side with us, advancing and improving how PCB stators are made. Their acquisition will help us ensure consistent delivery of quality stator components, as we execute on our hypergrowth phase and scale up manufacturing to meet demand for our motors that can power the world with less energy and waste.” Circuit Connect Inc.’s dedication to customer success “As a leader in PCB fabrication in the USA for more than three decades, Circuit Connect’s dedication to customer success aligns well with Infinitum’s mission to build motors with reliability and extended life,” said Rick Clutz, Founder, Circuit Connect, Inc. Rick Clutz adds, “We look forward to continuing to serve our customers and are excited about the next chapter, as we ramp up production to help create motors that can have such a lasting and positive impact on the environment.”

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