SkyCross Raises $10.5 Million
in Series B Funding

MELBOURNE, Florida, August 25, 2003   SkyCross, a leading developer of advanced wireless antenna solutions, announced today that it has closed on a second round of financing totaling $10.5 million from a list of top-tier investors. SkyCross will use this funding to continue the global expansion of its product development and support a number of strategic growth initiatives in the wireless communications market.

SkyCross' second round of financing was led by BancBoston Capital (www.bancboscap.com). Additional investors include BAE SYSTEMS (www.baesystems.com) and Investment Partners of Orlando, among others. "SkyCross is excited to have secured the backing of an outstanding set of investors," said Dr. Chris Morton, CEO of SkyCross. "With top-tier financial backing, we are able to accelerate application of SkyCross' technologies to advanced wireless communication devices. We also plan to expand our intellectual property portfolio."

"The potential for this opportunity is enormous given the proliferation of wireless mobile devices that all require high performance multi-frequency antennas," said Lars Swanson, director, BancBoston Capital. "SkyCross possesses cutting edge wireless technology applied by engineering talent. They are top-notch innovators and recognized industry technical experts. It is a winning combination and BancBoston Capital is proud to be investing in the future of SkyCross and the wireless industry."

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