Repeater Technologies Nets More Than $12 Million in Financing.SUNNYVALE Sunnyvale, city (1990 pop. 117,229), Santa Clara co., W Calif., near San Francisco; settled 1849, inc. 1912. A city in Silicon Valley, its many manufactures include semiconductors; machinery and instruments; electrical, electronic, and aerospace products; , Calif.--(BUSINESS WIRE)--March 25, 1998--Repeater Technologies has announced that it has secured more than $12 million in later-stage financing. The three largest investors include Chancellor LGT LGT Light LGT Lateral Gene Transfer LGT Lifeguard Training LGT Locomotiv GT (Hungarian rock band) LGT Lattice Gauge Theory (physics) LGT Liechtenstein Global Trust (bank) Asset Management, Oak Investment Partners and Nazem & Co., constituting about 80 percent of the financing. Alessandro Piol, managing director of Chancellor LGT Asset Management, joins the board of directors with this move. The funds will be targeted at research and development. Chancellor LGT Asset Management is investing in Repeater (1) A communications device that amplifies (analog) or regenerates (digital) the data signal in order to extend the transmission distance. Available for both electronic and optical signals, repeaters are used extensively in long distance transmission. Technologies due to the company's strengths and solid products. "Our belief is that the products that Repeater Technologies has developed are becoming an integral part of the new wireless infrastructure, including the PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. networks that are being developed now on a global basis. The fact that repeaters are becoming an integral network element is what we are excited about," said board member Piol of Chancellor LGT Asset Management. "Oak Investment has chosen to support Repeater Technologies as they launch a family of new repeaters which implement higher power Higher power is a term used in a 12-step program, such as Alcoholics Anonymous, to describe "a power greater than yourself." Although many participants equate their higher power with God, a belief in God or in formal religion is not mandatory; the higher power is intended as a devices with proprietary diversity technology. Their technology greatly improves performance of the repeater in a CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. network and reduces network deployment cost by 35 percent to 70 percent when implemented in their `hybrid network' design model," said Bandel Carano, general partner of Oak Investment Partners. "We are confident Repeater Technologies' innovative products, coupled with their strong management team, will win significant market share as they change the paradigm for network deployment from base station only designs to their `hybrid network' design model," Carano added. "By offering a highly cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. solution to extend signal coverage and reduce deployment costs of wireless networks, Repeater Technologies is clearly making a critical contribution. The company's breakthrough technology and intense focus on customer satisfaction combined with Ken Kenitzer's leadership and dedicated team makes this an unbeatable combination," said Fred Nazem, managing partner of Nazem & Co. "We are pleased to receive the strong vote of confidence these investors have given us in our technology, engineering capability and our people," commented Kenitzer, president and chief executive officer. "Wireless service providers are now discovering that Network Repeaters are not just enhancements but are required to make their business plans profitable." Repeater Technologies invented the diversity option for over-the-air CDMA repeaters with a patent now pending and invented and patented linked repeaters. The company is a total solution provider offering over-the-air and linked Network Repeaters, RepeaterNet network management software and RepeaterCAD repeater engineering design tools. These innovative offerings allow operators to implement repeater/base station hybrid networks In communications, a network made up of equipment from multiple vendors. and lower their infrastructure costs 30 to 70 percent. Repeater Technologies currently supports more than 400 customers in 60 countries on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. for the AMPS, CDMA and DAMPS DAMPS Digital Advanced Mobile Phone System DAMPS DDN Automated Message Processing System DAMPS Desktop Automated Message Processing System standards in cellular, PCS, wireless local loop and in-building wireless networks. CONTACT: Repeater Technologies David Bolan, 408/747-1900 davidb@repeaters.com http://www.repeaters.com OR McQUERTERGROUP Jane Bryant, 703/714-6950 jane@mcqtr.com http://www.mcqtr.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion