Chantry Networks' CEO Peter Vicars Presents Vision for Innovative Wireless Solutions at the Innovation & Growth Exchange Conference.Business Editors/High-Tech Writers Innovation & Growth Exchange Conference BOSTON--(BUSINESS WIRE)--Oct. 1, 2003 Vicars to Detail Chantry chan·try n. pl. chan·tries Ecclesiastical 1. An endowment to cover expenses for the saying of masses and prayers, usually for the soul of the founder of the endowment. 2. Networks' Business Plan and Growth Strategy to Top Area Venture Capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. Firms Chantry Networks, the provider of the world's first routed wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area solution, BeaconWorks(TM), will detail the business opportunities in the wireless industry and Chantry's vision for enabling large-scale wireless deployments at today's Ernst & Young/VentureOne Innovation & Growth Exchange Conference. The conference takes place at the Seaport Hotel, Boston, MA. Chantry was selected as one of the most promising venture-backed wireless companies on the East Coast. "Peter Vicars will present Chantry's business plan and explain the benefits of its innovative wireless solution," said Per Suneby, Venture Partner, Flagship Ventures. "Chantry's BeaconWorks enables large-scale wireless deployments and the provisioning of secure virtual wireless LANs for different user communities. This approach is particularly well-suited for major industries such as education, hospitality and healthcare." The Ernst & Young/VentureOne Innovation & Growth Exchange Conference, www.innovationgrowthexchange.com, brings together the East Coast's best investment and corporate partnership opportunities. Attendees will learn how the pros use financial development and strategic initiatives to drive expansion in today's environment. The conference will also look at the outlook for key technology and life sciences sectors, such as biopharmaceuticals, communications, semiconductors, enterprise software, medical devices and wireless. Vicars has a highly successful global track record and over 35 years of experience in the networking and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry. Prior to joining Chantry, he served as 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 Cayman Systems, Inc., where he led the company from its position as a fringe Fringe (optics) One of the light or dark bands produced by interference or diffraction of light. Distances between fringes are usually very small, because of the short wavelength of light. player to become a leader in the broadband access See broadband and wireless broadband. market. While at Cayman, Vicars was instrumental in acquiring strategic partners and building business relationships, helping the company forge new contracts with major carriers such as Verizon and AT&T and successfully merging the company with Netopia. About Chantry Networks Chantry Networks is the creator of BeaconWorks, the world's first large-scale routed wireless LAN (WLAN See wireless LAN. WLAN - wireless local area network ) solution and a Best of Show Finalist at NetWorld+Interop 2003. Offering unprecedented scalability and availability, coupled with unique network virtualization Monitoring and managing an entire network from a single network administrator's console. Network virtualization begins with monitoring the network and often encompasses storage virtualization, which manages all of storage as a single resource. features, BeaconWorks overcomes the obstacles inherent in traditional WLAN systems to provide enterprises and service providers with the first economical and practical solution for building seamless and pervasive wireless networks. Founded in April of 2002, Chantry Networks has offices in Boston and Toronto, and is backed by top-tier investors including Flagship Ventures, Primaxis Technology Ventures, Venture Coaches and Ventures West. |
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