SkyCross Announces Strategic Investment from Intel
VIERA, Florida, May 30, 2006 – SkyCross, a leading developer of advanced wireless
antenna solutions, today announced an investment from Intel Capital, the venture capital arm
of Intel Corporation, as part of their latest round of financing led by TL Ventures.
Intel Capital, through its relationship with Intel, is also working with SkyCross to
collaborate on developing mobile video applications together with selected voice and
data initiatives.
This announcement comes in the wake of a number of recent design successes SkyCross
has enjoyed in the handset, PC data card, and mobile video terminal arenas worldwide.
“We are delighted to be working closely with an internationally recognized technological
leader such as Intel. This collaboration will accelerate our ability to provide technology
for important new market segments such as mobile video,” said Dr. Chris Morton, CEO of
SkyCross. “Intel and SkyCross, working together, will focus on complementary antenna, RF
and base band capabilities to ensure the success of new product and service offerings.
It is a pleasure to be working with the talented team at Intel.”
“Consumers want access to more and more content while on the go. Mobile video is at the
leading edge of this trend and presents new opportunities for the market,” said Keith
Kressin, marketing director for Intel’s Mobile Platform Group. “Working with innovative
companies like SkyCross to develop leading edge wireless connectivity solutions will
enable us to bring a better experience to our customers.”
About Intel Capital
Intel Capital, Intel’s venture capital organization, makes equity investments in innovative
technology start-ups and companies worldwide. Intel Capital invests in a broad range of
companies offering hardware, software and services targeting enterprise, home, mobility,
health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has
invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries.
During this time, about 160 portfolio companies have been acquired and another 150 have gone
public on exchanges around the world. In 2005, Intel Capital invested about US$265 million
in about 140 deals with approximately 60 percent of funds invested outside the United States.
For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.
About SkyCross
SkyCross is a leading developer of next-generation RF technology
for mobile and fixed wireless telecommunications and mobile computing
markets. SkyCross' antenna solutions are based on several unique
and patented antenna technologies and designs that allow its
engineers to deliver high performance, multi-mode, multi-frequency
antennas that can be hidden inside a mobile casing, have a very
low radiation profile, and offer much better gain characteristics
over existing solutions. Typical applications for the antennas
include mobile handsets, laptop computers, PC cards, access points,
and household electronics. For details, please visit www.skycross.com.
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