Home Wireless Networks - Completes Third-Round of Financing.ATLANTA--(BUSINESS WIRE)--June 30, 1999-- International Investor Leads the Round Home Wireless Networks Inc., (HWN HWN Hwange National Park, Zimbabwe - Hwange National Park (Airport Code) HWN Home Wireless Network HWN High Water Neaps ) announces it has just completed its third round of financing totaling $14M. The investment was led by German investor Klaus Krone of Berlin. Significant additional investments came from Grotech Capital of Timonium, Maryland and Alliance Technology Ventures of Atlanta, Georgia. Simultaneous with the investment, HWN also begins shipping in volume its long-awaited wireless networking See wireless network. system for homes and small offices. The investment will be used for the manufacturing of its system components and for general operating costs operating costs npl → gastos mpl operacionales . John Taylor John Taylor, or Johnny Taylor may refer to: Academic figures
["Key Concepts in the INCAS Multicomputer Project", J. Nehmer et al, IEEE Trans Soft Eng SE-13(8):913-923 (Aug 1987)]. and with others in the works, we need to 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 our manufacturing capabilities. This investment will allow us to meet market demand for the foreseeable future." Klaus Krone is Chairman and CEO of Krone management and technologie, a Berlin based venture capital and business development company. Krone management and technologie operates internationally, focussing on telecommunications, information technologies and services. Klaus Krone was previously Chairman and CEO of KRONE AG, the world leader in wireless local loop systems and high technology line equipment sold in over 140 countries around the world. Mr. Krone said "We were impressed by Home Wireless Networks products and their market opportunities in both business and residential applications. At Krone management and technologie we believe that these markets offer tremendous potential for integrated wireless networks offering simple, easy-to-use mobile solutions." Patrick Kerins, Managing Director of Grotech commented, "As leaders of the second round of financing for HWN we are very pleased to see a global dimension in the investor group, the addition of Mr. Krone, and to again be a major part of this third round." Stephen Fleming Stephen Paul Fleming (born in Christchurch on 1 April, 1973) is a New Zealand cricketer, and the former captain of the New Zealand national cricket team, known as the Black Caps, in Test and one-day cricket. , managing partner at Alliance Technology Ventures said, "New ideas, technologies and applications become global very rapidly. We're delighted with this move and Mr. Krone's confidence in HWN." Winner of the IEC (International Electrotechnical Commission, Geneva, Switzerland, www.iec.ch) An organization that sets international electrical and electronics standards founded in 1906. It is made up of national committees from over 60 countries. IEC - International Electrotechnical Commission 1999 InfoVision award for innovative technologies and services within the telecommunications industry, Home Wireless Networks, Inc. is a private company headquartered in Atlanta, GA with offices in Chicago, St. Louis, New Orleans and Cambridge, U.K. Incorporated in 1996, the company is backed by financial investment from Lucent Technologies, Grotech Capital Group, and Alliance Technology Ventures, and now Mr. Klaus Krone of Berlin. For more information on Home Wireless Networks' communications systems, visit www.homewireless.com, call 1-888-Why-Wire, or contact Connie Frost at Ketchum/Crescent at (404) 287-2000 ext. 203, cfrost@crescomm.com. |
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