FitSense Receives First Round Funding From Motorola and 2M.Business Editors WELLESLEY, Mass.--(BUSINESS WIRE)--Sept. 6, 2000 FitSense Technology, Inc., developer of Internet-linked sports and fitness monitors, has received an equity investment from Motorola, Inc. (NYSE NYSE See: New York Stock Exchange : MOT) and 2M Technology Ventures, L.P. The funding will be used to launch and further develop FitSense's products and services. The FitSense pace-distance monitor, to be launched in November, is targeted at the 200 million people worldwide who run or walk regularly. FitSense is developing a line of wireless bio-monitors based on the BodyLAN, a short range, low-power wireless link. FitSense products tracked Senator John Glenn on the Space Shuttle space shuttle, reusable U.S. space vehicle. Developed by the National Aeronautics and Space Administration (NASA), it consists of a winged orbiter, two solid-rocket boosters, and an external tank. and Olympic gold Olympic Gold is the official video game of the XXV Olympic Summer Games, hosted by Barcelona, Spain in 1992. It was released for the Sega consoles, Mega Drive/Genesis and Master System, and Sega's handheld, Game Gear. medal sprinter Michael Johnson Michael Johnson or Mike Johnson may refer to:
n. 1. (Zool.) The peele. Traxtar, a "smart" shoe. The company was founded in 1997. FitSense 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. Tom Blackadar stated, "I can't think of better partners for FitSense than Motorola and 2M. Motorola brings deep experience in wireless technology and provides an opportunity to link our biometric sensors to a variety of wireless Internet appliances. 2M has a stellar record of backing innovative companies like FitSense." "We are delighted to team with a company that has successfully developed a technology that puts the human body on-line for fitness and medical purposes, said Matthew Growney, Managing Director of One Motorola Ventures. "This investment is part of an effort to create intimate communications applications that can enable consumers to track vital signs, athletic performance and other body functions." About FitSense FitSense Technology, Inc. (www.fitsense.com), located in Wellesley, MA, is a world leader in personal area wireless networking See wireless network. and ambulatory monitoring Ambulatory monitoring ECG recording over a prolonged period during which the patient can move around. Mentioned in: Electrocardiography ambulatory monitoring . FitSense products provide athletic performance information and vital signs on a wrist watch, with a wireless link to the Internet. The company has developed the first accurate pace-distance monitor for walkers and runners. About Motorola Motorola, Inc. (NYSE:MOT) is a global leader in providing integrated communications solutions and embedded electronic solutions with sales totaling $33.1 billion in 1999. Additional company information can be found at www.motorola.com. One Motorola Ventures (1MV) is the global, strategic venture capital investment arm of Motorola, Inc. 1MV actively invests at early stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. |
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