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Wavesat Closes Significant $11.7M Round of Funding
Other Topics: Femtocell
Industry, Mobile WiMAX Test Solutions,
WiMAX Chipmaker
Wavesat Inc.
February 3, 2009
Top Tier VCs Recognize Wavesat’s Leadership in Multi-Protocol 4G
Silicon
Montreal, QUE & Sunnyvale, CA -- Wavesat Inc., a leading supplier of
Broadband Wireless semiconductor solutions, announced today the Company
has secured its latest round of funding, raising $11.7 million CAD.
Existing investors led by BDR Capital, BDC Capital and Multiple Capital
participated in the round. Proceeds will be used to further strengthen
the Company’s leadership position in the 4G Broadband market. |
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Introduced in May 2008, Wavesat’s
unique Odyssey™ 4G multi-protocol architecture has been gaining
wide-spread acceptance. Wavesat delivers silicon that enables customers
to deploy multiple Broadband Wireless technologies such as WiMAX® Wave2
and XG-PHS today and to migrate seamlessly to future 4G technologies
such as LTE. In recent months, Wavesat announced that Compal, a leading
ODM for handheld devices, selected the Odyssey for mobile WiMAX USB
dongles. Also, Willcom, a large wireless network operator in Japan, has
chosen Wavesat to help develop XG-PHS services and equipment in that
country.
“We are impressed by the great strides the company has made since the
introduction of the Odyssey chipset and how they are executing and
adapting their 4G strategy in this challenging environment,” said Jean
Bédard, Managing Partner, BDR Capital. “The Odyssey architecture and
product roadmap is right for the times, providing real world benefits to
many customers in multiple markets and multiple geographies.”
Later this month, Wavesat will be presenting its Odyssey portfolio of 4G
Broadband products at Mobile World Congress in Barcelona, Spain.
About Wavesat
Wavesat is a global leader in mobile broadband, providing advanced
semiconductor solutions to the world’s leading carrier and mobile device
manufacturers to deploy future-proof broadband services and products.
With award winning technology, Wavesat delivers silicon that enables
customers to deploy multiple Broadband Wireless technologies such as
WiMAX Wave2 and XG-PHS today and to migrate seamlessly to future 4G
technologies such as LTE. Wavesat was awarded the 2008 Frost and
Sullivan Mobile Broadband Wireless Access Excellence in Technology Award
and was recognized as one of Canada’s Top Ten Technology companies for
2009. Wavesat is a principal member of the WiMAX Forum®. For more
information, please visit www.wavesat.com.
© Copyright 2009 Wavesat All rights reserved. Information subject to
change without notice.
Wavesat,
Odyssey and Odyssey Broadband Everywhere are trademarks of Wavesat Inc.
*/ ® registered by Wavesat Inc. in the U.S. WiMAX, WiMAX Forum and WiMAX
Forum Certified are trademarks of the WiMAX Forum. All other trademarks
are the properties of their respective owners. |
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