Berkana Wireless Announces $9M in New Financing, Adds to Board of Directors.Business Editors/High-Tech Writers CAMPBELL, Calif.--(BUSINESS WIRE)--May 18, 2004 Additional Series B Financing and New Board Member Further Strengthen Berkana's Position for Providing Cellular RF Integrated Circuits to Key Asian Markets Berkana(R) Wireless Inc., a provider of highly integrated 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. RF solutions for wireless connectivity, today announced the closing of an additional $9 million of the company's Series B financing. New investor Hotung Capital Management, Inc. participated, along with all existing institutional investors and other new investors. Berkana also announced that Sung Yoon, managing partner 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 KTB KTB Keep Texas Beautiful (Austin, TX) KTB Korea Treasury Bond KTB Kick the Bucket KTB Kenyan Top Bar (beehives) KTB Keppel Tatlee Bank Ltd (commercial bank in Singapore) Ventures, has been appointed to serve on the Board of Directors. As with Berkana's previous rounds of funding, this new financing was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. , demonstrating investor confidence in the company's ability to deliver highly integrated, differentiated and cost-effective CMOS RF/mixed-signal Integrated Circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (IC) solutions for GSM/GPRS and emerging cellular standards. "The $9 million extension will allow Berkana to expand sales, marketing and operations functions as we ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale the industry's first single-chip Quad-Band GSM/GPRS CMOS transceiver to high-volume production and develop next-generation products," said David Tahmassebi, president and CEO of Berkana Wireless. "We are pleased to have Hotung as a partner as we expand our business in the Asian markets." "The cellular RF integrated circuit market is huge and demands continual reduction in 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. , power consumption and package size of the radios," said Brian Ann, vice president of Hotung Capital. "We believe that Berkana Wireless is extremely well positioned with its product and roadmap." Joining Berkana's Board of Directors is Sung Yoon, Managing Partner and CEO of KTB Ventures. KTB is the largest venture capital firm in Korea and is an existing investor in Berkana. "We are confident that Berkana's unique CMOS digital RF technology and strong team will enable them to become a leader in the cellular and multi-mode transceiver markets. I am honored to serve on their Board of Directors," said Mr. Yoon. "Mr. Yoon's track record with semiconductor and telecommunications companies in the U.S. and Korea will help Berkana as we grow our organization and customer base," said Mr. Tahmassebi. "We're fortunate to have him aboard." About Hotung Capital Management, Inc. Hotung Capital Management, Inc. is the U.S. Division of Hotung International Co. Ltd., a venture investment group based in Taipei, Taiwan. The company is a global investor focused on communications systems and components. More information can be found at www.hotungvc.com. About KTB Ventures KTB Ventures is the U.S. operation of KTBnetwork, based in Seoul, Korea. Since its establishment in 1981, KTBnetwork has been the Korean leader in venture capital, private equity and corporate restructuring transactions and has over $1.2 billion under management. KTB Ventures is located in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. and focuses on U.S. companies developing leading technologies that have the potential for significant global impact. More information can be found at www.ktbvc.com. About Berkana Wireless Berkana Wireless, Inc. is a Silicon Valley-based 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. employing proprietary digital CMOS RF techniques to develop highly integrated, mixed-signal RF integrated circuits for cellular and other multi-mode wireless applications. Berkana's single-chip solution delivers dramatic cost, power, and space savings to the cellular phone radio function and enables next-generation multi-mode handsets and wireless terminals. The company has secured more than $30 million in funding from leading U.S. and Asian venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . More information about Berkana can be found at www.berkanawireless.com. |
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