picoChip Receives Strategic Investment from AT&T
BATH, England—(BUSINESS WIRE)—Feb. 15, 2006—
picoChip, a leading supplier of wireless silicon
solutions, has announced that AT&T Corp., a subsidiary of AT&T Inc.,
has made a strategic investment in the company. The amount of the
investment is undisclosed. picoChip was already ranked as the
best-funded private WiMAX company following the $20.5 million
previously raised in its third round of funding, which was announced
in June last year. Other third round investors were Scottish Equity
Partners, Rothschild, Intel Capital, Pond Venture Partners and Atlas
Venture.
picoChip has developed the world's highest performance DSP tuned
for wireless, and is a supplier of complete reference designs for
WiMAX and HSDPA. WiMAX systems using picoChip are available from
Airspan, Intel, Ericsson, Nortel, Marconi and a number of other
manufacturers. The company recently announced an extension of its
products with the first solutions for 802.16e basestation and mobile
stations, to make picoChip's WiMAX portfolio the most complete
available. In addition, picoChip has a number of strategic customers
and partners, including Tier One manufacturers, and is fast becoming
the industry standard for next-generation wireless infrastructure.
About picoChip
picoChip, located in Bath, England, is dedicated to providing
innovative, flexible wireless solutions to help equipment makers
minimize time-to-market, costs, and system power consumption.
At the heart of the company's offering is a scaleable,
multi-processor baseband IC that combines the computational density of
a dedicated ASIC with the programmability of a traditional high end
Digital Signal Processor. The picoChip technology platform includes
tools, development boards and reference designs, and proven IP for
seamless integration with the radio frequency elements of a base
station. Equipment based on picoChip technology will enable telecom
operators to remotely re-configure and upgrade their equipment without
the high costs of replacing obsolete hardware.
picoChip currently has a development team with a balanced mix of
hardware and software engineers of outstanding ability and experience;
spanning such diverse fields as communications system design, software
development, computer architecture, digital signal processing, RF
design, and silicon design.
The company was founded in September 2000 and is backed by AT&T,
SEP, Rothschild, Intel Capital, Pond Venture Partners and Atlas
Venture.
Contact:
picoChip Designs Limited
Rupert Baines, +44 (0)1225 469 744
Email Contact
www.picoChip.com
or
Publitek Limited
Oliver Davies, +44 (0)1225 470 000
Email Contact
www.publitek.com
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