BridgeWave Communications Completes Series D Financing Round to Launch Micro Systems Technology -- MST -- Based Products.Business Editors SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Sept. 30, 2002 BridgeWave Communications, Inc., a pioneer in applying MEMS/MST processes to semiconductor systems design, today announced that it has received $4.75 million in a Series D financing round to fund its BridgeWave Technologies business unit, chartered with delivering products based on these designs. West STEAG Partners, a global leader in funding electronics, optics, and MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. companies, led the current round of financing, joined by the leaders of BridgeWave's previous rounds, Jerusalem Venture Partners and MKS (Mortice Kern Systems Inc., Waterloo, Ontario, www.mks.com) A software company that specializes in programming tools and utilities for a variety of platforms. For example, its RCS system for Windows, OS/2 and Unix is a version control software package. Ventures. "We are impressed with BridgeWave's highly interdisciplinary team interdisciplinary team, n a group that consists of specialists from several fields combining skills and resources to present guidance and information. ," said Dr. Hans Betz, 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 West STEAG Partners. "BridgeWave's technology innovations are unique in addressing the critical interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. and integration design issues faced by today's high-growth high-performance applications." "We welcome West STEAG Partners to the BridgeWave organization," said Amir Makleff, president and CEO of BridgeWave Communications. "Their experience in MEMS technology and high-speed electronics applications complements the strengths of our existing investor group." BridgeWave will use this funding to transition their systems-in-package design capabilities from prototype phase into commercial products. BridgeWave's technology targets applications that require semiconductors operating above the ten-gigahertz range, such as high-bandwidth wireless and fiber-optic communications, as well as high clock-rate digital computation products. As the performance levels of communications and computation products continue to rise, BridgeWave's technology will address increasingly mainstream applications. About BridgeWave Communications BridgeWave Communications, Inc. is a diversified technology company serving both fixed wireless access and high-speed semiconductor industries. BridgeWave is a Silicon Valley-based corporation established in December 1998 by veteran technology executives of high-performance wireless networking See wireless network. companies. For more information on BridgeWave, please visit www.bridgewave.com. |
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