Motorola Ventures Invests in CopperGate Communications; Global Communications Leader Backs Wireline Multimedia Home Networking with Strategic Investment.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel & LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nev. -- Today at the CES (Consumer Electronics Show), CopperGate Communications, a leading supplier of chipset A group of chips designed to work as a unit to perform a function. For example, a modem chipset contains all the primary circuits for transmitting and receiving. A PC chipset provides the electronic interfaces between all subsystems (see PC chipset for illustration). solutions for multimedia home networking, announced that Motorola Ventures, the equity investment arm of Motorola (NYSE NYSE See: New York Stock Exchange :MOT (OpenView Managed Object Toolkit) An OpenView toolkit from HP for developing network management applications based on CMIS. The toolkit contains library routines that handle the transmission and receipt of CMIS requests and responses. ) made an investment in the company. The investment was made as part of a $14.5M round led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and the Challenge Fund. "CopperGate's technology brings a compelling new approach to the distribution of IP video content seamlessly throughout the home by leveraging existing wires," said Matthew Growney, managing director of Motorola Ventures. "CopperGate's offering complements Motorola's strategy to offer multiple home media networking solutions to its customers." "Motorola's investment in CopperGate validates our technology," said Shai Saul, Chairman of CopperGate's Board of Directors and Managing General Partner of Tamir Fishman Ventures. "Motorola and CopperGate share a common vision and focus -- provide the best solution to IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. customers in one of the most exciting market opportunities in the communications landscape: the Connected Home." CopperGate's 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. , Gabi Hilevitz added, "We are very pleased to have Motorola Ventures as a strategic investor in the company. We intend to leverage the additional funds and the strategic relationship with Motorola to expand the international recognition for our home networking technology and further establish our solutions as the preferred choice for in-home multimedia content distribution by service providers and consumers." About Motorola Ventures Motorola Ventures (MV) is the global, strategic equity investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorola.com/ventures. About Motorola Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, on the go. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com. About CopperGate CopperGate Communications develops chipsets designed to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. home networking, providing the only currently available standards-based technology for multimedia networking in the home without requiring any new wires. CopperGate works with the world's leading system manufacturers to deliver the only products that operate over both phone lines and coax cables See coaxial cable. on a single network enabling consumers to conveniently connect equipment to broadband services See broadband and broadband service provider. throughout the home. CopperGate's products have been field tested and selected by leading service providers as key components for their triple play deployment solutions. Founded in 2000, CopperGate is headquartered in Tel Aviv, Israel, with offices in Newark, California Newark is a city in Alameda County, California, United States. Newark is an enclave, completely surrounded by the city of Fremont. The population is currently 43,693. Geography The southern end of the San Francisco Bay lies near the western edge of the city. , Taiwan and Tokyo. For more information, please visit www.copper-gate.com. Reader Contact Information: Motorola Juli Burda, Motorola, Inc., 847-538-5625, Juli.Burda@motorola.com Paul Alfieri, Communications & Public Affairs, MOTOROLA, Inc. -- Connected Home Solutions, 101 Tournament Drive, Horsham, PA 19044; 215-323-1804 (office), 609-575-8835 (mobile), 215-323-0245 (fax); Email: paul.alfieri@motorola.com; SMS: 6095758835@cingularME.com. CopperGate North American Office: CopperGate Communications Inc., 39899 Balentine Drive, Suite 200, Newark, CA 94560, Tel: 510-438-6829, Fax: 510-438-6808, www.copper-gate.com. Israel Office: CopperGate Communications Ltd., 34 Habarzel Street, Tel Aviv 69710, Israel, Tel: +972 3-644-4488, Fax: +972 3-644-6253. Japan Office: CopperGate Communications Japan, 5F, Nisshin Bldg., 1-8-27 Konan, Minato-ku, Tokyo, Japan, Tel: +81-3-5462-9644, Fax: +81-3-5462-2047. CopperStream, CopperGate, CopperGate Communications, and the CopperGate Emblems are trademarks or registered trademarks of CopperGate in the U.S.A. and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners. |
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