Agilent Technologies' Venture Unit Invests in OEwaves' Series C Round of Funding.Business Editors/High-Tech Writers PALO ALTO, Calif.--(BUSINESS WIRE)--Oct. 20, 2003 Agilent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :A) today announced that Agilent Ventures has participated in the Series C Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. funding round for OEwaves Inc., a manufacturer of ultra-low phase noise, high-frequency signal sources and related components. Agilent joins investors TL Ventures, EnterTech Capital, ITU Ventures and Finaventures, raising $6 million in equity. OEwaves was founded in 2000 and has licensed exclusive rights to more than 20 patents and applications for the company's core technologies from the California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. , which operates the Jet Propulsion Laboratory “JPL” redirects here. For other uses, see JPL (disambiguation). Jet Propulsion Laboratory (JPL) is a NASA research center located in the cities of Pasadena and La Cañada Flintridge, near Los Angeles, California, USA. . OEwaves offers ultra-low phase noise, high-frequency signal sources up to 40 GHz for test and radar equipment, as well as other defense and commercial communication applications where unprecedented performance is a requirement. "Agilent's investment in OEwaves represents our ongoing interest in early-stage companies that could deliver breakthrough technologies in our markets," said Maximilian Schroeck, managing director of Agilent Ventures. "We are excited to partner with OEwaves as it continues to leverage its technology in both defense and commercial applications." "We are delighted to have Agilent join OEwaves as a strategic partner and investor," said Julie Schoenfeld, president 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 OEwaves Inc. "Agilent is clearly an industry leader with a strong track record of commercializing ground-breaking technologies, and we welcome their expertise and experience at this significant stage in OEwaves' product life cycle. We believe that the technological synergies we share will benefit both companies." About OEwaves, Inc. OEwaves, Inc. is a manufacturer of ultra-low phase noise, high frequency signal sources and related components. The company's first product line of Opto-Electronic Oscillators (OEO (Optical in Electrical processing Optical out) Refers to network devices that convert photonic transmission signals to electronic signals in order to analyze the traffic content for switching purposes. It then reconverts the signal to light for output. Contrast with OOO. ), TIDALwave(TM), introduces advanced performance and features not currently available with existing technologies. Additional products include MINIwave(TM), a miniaturized OEO, available for shipment by the end of 2003, and TUNEwave(TM), a tunable OEO, currently in demonstration with select customers. OEwaves was founded in 2000 and has licensed the exclusive rights to over 20 patents and applications for the company's core technologies from the California Institute of Technology (Caltech), which operates the Jet Propulsion Laboratory (JPL (language) JPL - JAM Programming Language. ) for NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. . Visit www.oewaves.com for more information. About Agilent Ventures Agilent Ventures is a business unit of Agilent Technologies Inc. dedicated to investing globally in groundbreaking, privately held, early-stage technology companies. Additional information about Agilent Ventures, as well as investment proposal forms, is available at www.agilentventures.com. About Agilent Technologies Agilent Technologies Inc. (NYSE:A) is a global technology leader in communications, electronics, life sciences and chemical analysis. The company's 30,000 employees serve customers in more than 110 countries. Agilent had net revenue of $6 billion in fiscal year 2002. Information about Agilent is available on the Web at www.agilent.com. NOTE TO EDITORS: Further technology, corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and executive news are available on the Agilent news site at www.agilent.com/go/news. |
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