AsicAhead Secures Ten Million USD in Series B Round of Funding.Funds Will Be Used to Market the Company's AA1001 Worldwide WiMAX Radio, Boost Customer Support and Expand the Company's Product Portfolio HASSELT, Belgium -- AsicAhead NV, a leading provider of advanced mobile Radio Frequency Integrated Circuits (RFICs) for the WiMAX market, today announced that it has raised $10 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in its series B round of funding. The funds will be used to expand the company's product portfolio, broaden its customer support, and market its patent-pending AA1001 - the first "on the fly" reprogrammable single-chip radio solution that enables WiMAX-connected devices and systems to be deployed worldwide. The round of funding was led by Capital-E and included current investors LRM LRM Language Reference Manual LRM Casa De Campo, Dominican Republic (Airport Code) LRM Long Range Missile LRM Line Replaceable Module LRM Local Resource Manager LRM Line-Reflect-Match LRM Land Resources Management , SHF SHF abbr. superhigh frequency Noun 1. SHF - 3 to 30 gigahertz superhigh frequency radio frequency - an electromagnetic wave frequency between audio and infrared and Allegro. According to Capital-E partner Marc Wachsmuth, "We were impressed by the industry's positive reception to AsicAhead, and encouraged by the progress the company has made in delivering the most advanced solution for 802.16e. We also see strong potential and exciting possibilities for AsicAhead's technology, beyond WiMAX." "Customer enthusiasm has shown us we clearly need to continue building out our product roadmap and bringing our technology to companies that are developing broadband wireless access, mobile data and cellular applications," said Joan Ceuterick, Chief Executive Officer and co-founder of AsicAhead. "The support by Capital-E and our other investors reinforces our resolve to deliver state-of-the-art, easily reconfigurable standard products for global wireless connectivity." "We participated in the first round of funding and are pleased to be part of this second round," said Roger Buteneers, 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 LRM, "We see tremendous potential in the innovative architecture and products and look forward to working with AsicAhead as they pursue their expansion plans." AsicAhead's AA1001 reprogrammable wideband transceiver overcomes the challenges of regional frequency band variation, multiple radio bandwidths and low-power requirements. Flexible and easy to design-in, it also eliminates the need for multiple RFICs, Surface Acoustic Wave A surface acoustic wave (SAW) is an acoustic wave traveling along the surface of a material having some elasticity, with an amplitude that typically decays exponentially with the depth of the substrate. (SAW) filters, and Temperature Compensated Crystal Oscillators (TCXO TCXO Temperature Compensated Crystal Oscillator TCXO Temperature-Controlled Crystal Oscillator ), lowering the Bill of Materials The list of components that make up a system. For example, a bill of materials for a house would include the cement block, lumber, shingles, doors, windows, plumbing, electric, heating and so on. . Its ability to enable WiMAX-connected devices and systems such as Customer Premise Equipment (CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment ), wireless data devices and mobile phones to be deployed worldwide make it ideal for Original Equipment Manufacturers (OEMs) and Original Design Manufacturer (ODMs) in the nomadic and mobile markets. Software upgradeable, the AA1001 RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip allows fast entry into new regional markets with new frequencies. It covers all frequency bands continuously from 700MHz (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. to 6GHz. AsicAhead's funding will be provided in two equal parts, with delivery of the second half made available when defined milestones are reached. About Capital-E Capital-E is an early stage venture fund focused exclusively on micro-electronics related start-ups in Europe. Through its entrenched relationship with IMEC, the largest independent research center in micro- and nano-electronics in Europe, the fund and its ventures can directly rely on the support of over 1300 specialised scientists and engineers, as well as leverage on IMEC's 500+ worldwide industrial partners such as Philips, Infineon, STMicroelectronics, Intel, Matsushita/Panasonic, Texas Instruments, Samsung and TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code to speed-up the process of market entry. The fund is managed by an independent team with a balanced mix of entrepreneurial, industrial and VC experience. About LRM LRM offers private equity and subordinated loans to local and foreign companies which establish, expand or acquire business activities in the Province of Limburg. The LRM fund addresses itself to all types of industries from small and medium-sized companies to large companies. The investment team has a hands-on approach to contribute to the creation of added value. About AsicAhead AsicAhead NV is a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. that serves the mobile and wireless markets with reconfigurable RFIC components for flexible, cost-effective deployment of devices and systems worldwide. AsicAhead's advanced, patent-pending single-chip programmable radios support a universal frequency range and multiple standards, and can be switched between communication protocols and bandwidths on the fly. Privately held, AsicAhead was founded in 2003 and is headquartered in Hasselt, Belgium. For further information, please visit http://www.AsicAhead.com or email info@asicahead.com. All trademarks or registered trademarks mentioned in this news release are the intellectual property of their respective owners. |
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