Appairent Technologies Announces Investments from Motorola and Trillium Group.Business Editors ROCHESTER, N.Y.--(BUSINESS WIRE)--July 11, 2003 Appairent Technologies, Inc., a leading provider of wireless multimedia semiconductor solutions for consumer electronic and PC products, today announced that Motorola Ventures, the venture capital arm of Motorola Inc. (NYSE NYSE See: New York Stock Exchange : MOT (OpenView Managed Object Toolkit) An OpenView toolkit from HP for developing network management applications based on CMIS. The toolkit contains library routines that handle the transmission and receipt of CMIS requests and responses. ) and the Monroe Fund managed by the Trillium trillium or wake-robin (trĭl`ēəm), any plant of the large genus Trillium, attractive spring wildflowers of the family Liliaceae (lily family), native to North America and E Asia. Group, are investing an undisclosed amount in the company. The strategic relationship with Motorola centers around the development of an ultrawideband (UWB (Ultra-WideBand) A wireless technology that uses less power and provides higher speed than 802.11 Wi-Fi networks or first-generation Bluetooth products. UWB is expected to provide wireless video transmission for home theater systems, cable TV, auto safety and ) product by leveraging Appairent's market leadership position in IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.15.3 Medium Access Control (MAC) development and Motorola's leading UWB radio platform development. "Motorola is pleased to collaborate with Appairent Technologies on ultrawideband solutions. Our commitment to the home media and public safety environments will be strengthened by the embedded Inserted into. See embedded system. technology developed by Appairent," said Matthew I. Growney, Managing Director of Motorola Ventures. "As an initial investor, we are pleased to play a continuing role in Appairent's development and look forward to working with Motorola to bring exciting wireless communication products to market," said Frank Strong, Board Member and General Partner of Trillium Group. 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. Instat/MDR, the home networking market will grow to $5.3 billion in 2007. Within that market, multimedia wireless networking See wireless network. in the home will account for approximately 49 percent, or $2.6 billion. "We are excited about our relationship with Motorola as it brings together leaders in their respective areas to collaborate on the development of a UWB product that will enhance wireless communication among and between consumer electronic and PC products," said Jim Allen, President of Appairent Technologies. About Appairent Technologies, Inc. Appairent Technologies was spun out from Eastman Kodak Company in January 2002. Appairent is a provider of standards-based wireless modules, chips and protocol stackware. Appairent's embedded high-speed radio systems take advantage of the IEEE 802.15.3 standard and work underway in Task Group 3a to enable wireless multimedia communication in consumer electronic and PC products. For more information, visit the Appairent Web site at http://www.appairent.com or contact Tom McGovern at tmcgovern@appairent.com About Motorola Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at early stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets. Motorola, Inc. (NYSE:MOT) is a global leader in wireless, automotive and broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). communications. Sales in 2002 were $27.3 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important innovations that make things smarter and life better, honored traditions that began when the company was founded 75 years ago this year. For more information, please visit www.motorola.com. |
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