Agilent Technologies' Venture Unit Invests in SiRiFIC Wireless Corporation's Series A Round of Funding.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--March 17, 2003 Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (NYSE NYSE See: New York Stock Exchange :A) today announced that Agilent Ventures has participated in the Series A 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 SiRiFIC Wireless Corporation, a privately held semiconductor company that develops radio frequency (RF) transceivers for wireless products. The Agilent Ventures investment was part of a Series A preferred round of funding, led by Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting. , which raised more than $13.5 million in equity. Founded in 2000, SiRiFIC Wireless Corporation's multi-band and multi-standard RF transceivers are designed to enable new levels of performance and integration for direct conversion CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. architectures. SiRiFIC's patented technology offers a unique approach to solving the complexities related to multiple standards, radio frequency technologies, numerous component layers, costs and roaming. "Agilent Ventures' investment in SiRiFIC underscores our ongoing commitment to invest in pioneering, early-stage companies developing innovative technologies with a strategic impact for Agilent," said Maximilian Schroeck, managing director for Agilent Ventures. "Our investments, which are global in scope, enable Agilent to extend its technology platform, spanning optical and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , as well as the life sciences." "SiRiFIC's CMOS based An integrated circuit fabricated using CMOS technology. Most logic chips and CPU chips have been CMOS based for some time. Even mainframes, which have used ultra-fast bipolar technology in the past, have given way to CMOS-based models. See CMOS, MOSFET and Parallel Enterprise Server. multi-standard RF transceiver technology complements our existing wireless product solutions and technology investments," said Jeff Henderson, vice president and general manager of Agilent's Personal Systems Business Unit. "Agilent is one of the few companies with expertise in CMOS technology that can leverage RF technology for mobile communications to provide cost-effective, high-volume solutions." "SiRiFIC is excited to have Agilent as a strategic partner and investor. Agilent's position in the wireless market is an excellent complement to our transceiver technology," said Mike Hogan, 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 SiRiFIC Wireless Corporation. "This is another positive step for SiRiFIC as we implement our unique approach to create high-performance direct conversion CMOS transceivers for solutions in the multi-band, multi-standard wireless terminal market." About SiRiFIC Wireless Corporation SiRiFIC Wireless Corporation is a fabless RF semiconductor company that develops and markets a family of multi-band multi-standard transceivers for voice and data wireless devices. SiRiFIC's patented technology enables unparalleled levels of performance and integration for our Direct Conversion CMOS transceivers, dramatically reducing the cost, form factor and power consumption of mobile handsets, wireless modules and data cards. SiRiFIC is based in Waterloo, Ontario, Canada and Silicon Valley, California. We can be found on the web at www.sirific.com. 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 and life sciences. The company's 35,000 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: 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 is available on the Agilent news site at www.agilent.com/go/news. |
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