AT&T Ventures signs deal with Solectek; $5 million investment to expand AIRLAN Campus Area Network.SAN DIEGO--(BUSINESS WIRE)--March 22, 1995--Solectek Corporation, the innovator of AIRLAN wireless Campus Area Networks (``CAN''), announced today that it has received a $5,000,000 equity investment led by AT&T Ventures, and existing shareholders including Hancock Venture Partners and Menlo Ventures. ``The AIRLAN CAN product family provides complete local area network access for today's mobile computer user,'' said James DeBello This article or section has multiple issues: * It does not cite any references or sources. Please help improve this article by citing reliable sources. * Its notability is in question. If notability cannot be established, this article may be listed for deletion. , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Solectek. ``AT&T's investment in Solectek illustrates the burgeoning need for campus-wide wireless solutions in today's mainstream corporate information systems.'' ``AT&T Ventures supports Solectek's continued leadership in wireless campus area networks,'' said Neal Douglas, General Partner of AT&T Ventures. ``As part of our investment, we intend to explore synergies between Solectek's AIRLAN campus area network products and other AT&T divisions which specialize in wide area network technologies.'' Solectek Corporation is AT&T's largest customer in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for its 915 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. radio module, and selected its use in the AIRLAN CAN product line for its superior coverage and speed. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. International Data Corp., a respected market research corporation, the radio technology employed in AIRLAN currently commands a 55% market share worldwide, and declared it the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in the exploding wireless LAN market. Solectek Corporation manufactures and markets the industry's most complete family of mobile and wireless campus area networking products, including AIRLAN/Parallel and AIRLAN/PCMCIA for portable computers, AIRLAN/Internal for desktop computers, and AIRLAN/Access for roaming applications. Solectek's newest product, AIRLAN/Bridge Ultra, links LANs in separate buildings up to twenty-five miles apart, and offers a long range alternative to the Company's three mile AIRLAN/Bridge Plus. For additional information, contact Solectek at 6370 Nancy Ridge Drive, Suite 109, San Diego, CA 92121-3212; Telephone: 619.450.1220; Fax: 619.457.2681. Note: AIRLAN is a registered trademark of Solectek Corporation. CONTACT: SSSmith & Associates, Inc., Waynesville, Ohio Sally S. Smith, 513/897-0654, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. 435-2592 Solectek Corporation, San Diego Bruce L. Sanguinetti, 619/450-1220, MCI 650-144 |
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