Exponential Secures $13.2 Million In Third Round Of Financing; Apple Computer Leads Round as Exponential Prepares for Volume Production of World's Fastest PC Microprocessor.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 7, 1997--Positioning the company for its next phase of development, Exponential Technology Exponential Technology was a vendor of PowerPC microprocessors. The company was founded by George Taylor and Jim Blomgren in 1993. The company's plan was to use BiCMOS technology to produce very fast processors for the Apple Computer market. , one of the industry's premier developers of high-performance microprocessor products and technologies, today announced that it closed a $13.2 million round of financing in the fourth quarter of 1996. This latest round brings Exponential's total financial backing to more than $27 million of equity funds. Apple Computer was the largest investor in the round that also consisted of all the major investors from previous rounds, including Venrock Associates, Nazem & Co., Woodside Fund, Charter Ventures, and Mitsui Comtek. In addition, first-time investors BANEXI, UMAX Data Systems and New Japan Finance also contributed significant funding. Today's announcement follows the widely acclaimed introduction of the Exponential X704 (TM) (October 21, 1996) -- a 533MHz (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. microprocessor designed for high-end PowerPC(TM)- and Macintosh(TM)-compatible systems. Delivering more than twice the speed of any PC microprocessor solution currently available, the X704 raises the performance bar for personal computing Refers to users working on their own computers rather than a terminal to a mainframe. Sometimes, the term refers to using computers at home for work and/or entertainment in contrast to business use only. See personal computer. by bringing workstation-class processing power to PCs. (Please see "Exponential Unveils World's Fastest PC Microprocessor" press release for more information.) The Exponential X704 will be publicly demonstrated at Macworld Expo '97 in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , January 7-10, 1997. Demonstrations will be held in the Apple Computer exhibit booth 3338, the Motorola, Inc. exhibit booth 935, during the Macworld Expo keynote address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. and in the Exponential Technology suite (Room 264, Upper Lobby, in the South Hall of Moscone Center The Moscone Center is San Francisco, California's largest convention and exhibition complex. The complex consists of two main underground halls underneath Yerba Buena Gardens, Moscone North and Moscone South, as well the three-level Moscone West exhibition hall across 4th Street. ). Volume production of the X704 is scheduled to begin in the second quarter of 1997, with system announcements expected shortly thereafter. "Exponential is in a unique position to do something most start-ups only dream about: leapfrog the industry giants into a position of leadership," said Paul Dali, Nazem & Co. "Moreover, the significance of the X704 for Apple and the Macintosh platform cannot be overstated o·ver·state tr.v. o·ver·stat·ed, o·ver·stat·ing, o·ver·states To state in exaggerated terms. See Synonyms at exaggerate. o . The X704 promises to elevate the performance of Macintosh systems far beyond what is currently available from Intel-based machines and deliver the unbridled power users demand for their professional graphics, desktop publishing desktop publishing, system for producing printed materials that consists of a personal computer or computer workstation, a high-resolution printer (usually a laser printer), and a computer program that allows the user to select from a variety of type fonts and sizes, and multimedia applications. This product will thrill Mac-enthusiasts everywhere." "Since the highly successful unveiling of the X704 last October, there has been a tremendous amount of momentum building within the industry as we prepare to bring our high-speed microprocessor to market," said Rick Shriner, 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. , Exponential Technology. "The continued commitment by Apple and our other investors is a tremendous endorsement of what Exponential has accomplished thus far, and propels us forward as we strive to continually set new standards for the level of power and performance users will come to expect from their PCs." Exponential's microprocessor design is based on an innovative approach to a semiconductor manufacturing technology called "BiCMOS" that combines a well-established "bipolar" process, known for its ultra-fast speed, with "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. " on-chip memory. Exponential's unique BiCMOS process enables cost-effective, high-performance PC solutions years before competitive products can reach similar speed levels. (Please see Exponential's BiCMOS Technology white paper for more information.) Exponential's X704 microprocessor is specifically designed to meet the extraordinary processing demands of compute-intensive applications -- including desktop publishing, image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished , web page creation, video editing See nonlinear video editing and video editor. , digital animation and high-end graphics/multimedia applications -- and deliver an unparalleled level of PC performance to high-end Macintosh and PowerPC systems. Exponential Technology Exponential Technology is committed to delivering high performance microprocessor products using innovative design techniques and process technologies. The company's high-speed, bipolar logic, BiCMOS microprocessor devices are specifically designed to meet the critical processing requirements of compute-intensive applications. Exponential intends to deliver breakthrough computing power that is cost-effective and maintains compatibility with industry-standard technology. Founded in 1993 by seasoned Silicon Valley professionals with expertise in bipolar technology and microprocessor design, Exponential is led by industry veterans Gordon Campbell
Gordon Muir Campbell , Chairman of the Board, and Rick Shriner, President and CEO. Exponential has secured over $27 million from venture capital and corporate funding, as well as from individual investors. Located in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , the company is privately held. Reader Contact Information Readers who want more information about Exponential can call (408) 441-6050 or visit the Exponential World Wide Web site at http://www.exp.com. -0- Note to Editors: Exponential and Exponential X704 are trademarks of Exponential Technology, Inc. PowerPC is a registered trademark of International Business Machines, Inc. All other trademarks and registered trademarks are the property of their respective owners. CONTACT: Exponential Technology Rick Bergman, 408/441-6050 rickb@exp.com or Copithorne & Bellows PR George Millington, 408/988-2100 george.millington@cbpr.com |
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