Antenova Gets $6.5 Million Investment to Expand RADIONOVA(R) Product Portfolio
Oct 21, 2008
Antenova Ltd, the integrated antenna and RF solutions company, announced today that it has received $6.5 million investment to accelerate the growth and expansion of Antenova’s market leading range of RADIONOVA® RF Antenna Modules. Greg McCray, CEO, Antenova said, “This additional investment will allow Antenova to accelerate the development of the RADIONOVA range of RF antenna modules and enable us to offer more customers a broader range of wireless applications, chipsets and form factors to best suit their device requirements. Antenova’s RF Antenna Modules have been designed from inception to deliver a high performing drop-in system solution that will work with a range of receiver chips for the wireless application. Since Antenova launched the world’s first GPS RADIONOVA RF Antenna Module last year, the demand for our RF antenna modules has grown substantially, and we have already expanded the range of GPS RF antenna modules, which currently includes 4 chipset options and two space saving form factor options. And, we have more modules under development.” Antenova’s GPS RADIONOVA RF Antenna Modules are enabling a new generation of GPS enabled mobile devices. Antenova’s GPS RF antenna modules have been selected by leading wireless device vendors and manufacturers worldwide, with a significant percentage of customers from mainland China and Taiwan, where the two regions combined account for nearly 90% of the global shipments of portable GPS devices. Antenova’s GPS RADIONOVA RF Antenna Modules can be found in smartphones, feature phones, ultra mobile PC (UMPCs), PDAs, portable navigation devices (PNDs), portable media players (PMPs), trackers and personal safety devices. Leveraging on the success of its GPS RADIONOVA RF Antenna Modules, Antenova has introduced a Quad-band Cellular RADIONOVA RF Antenna Module which is ideally suited for GSM/CDMA products and applications such as mobile handsets, M2M (machine-to-machine) and asset tracking. Antenova’s Quad-band Cellular RADIONOVA has already been selected by Telecon Mobile for its innovative dual-mode handset for the Turkish market. Other RADIONOVA products in the pipeline include a dual-mode GPS/GSM RF antenna module and a dual-mode GPS/Bluetooth® RF antenna module. McCray added, “Antenova continues to be a market leader with its high performing multi-band HDA® antennas, DATANOVA® multi-band/multi-mode mobile broadband antennas, gigaNOVA® standard antennas and the award winning RADIONOVA® range of RF Antenna Modules. Antenova’s patented HDA® antennas can be found in a growing number of handsets from 4 of the 5 top handset OEMs, including Motorola and Samsung; DATANOVA® antennas can be found in light weight mobile broadband enabled notebook computers from Dell and HP; and GPS RADIONOVA is experiencing unprecedented success in the number and breadth of applications. Our strategy is to continue to provide our customers and partners with industry leading antennas and RF antenna modules. The ongoing support and confidence of our investors is a further testament to the soundness of Antenova’s business and underpins the Company’s growth strategy.” The new capital infusion was lead by Azini Capital Partners. Other major investors who participated in the funding include existing shareholders SPARK Ventures, First Ventures, Herald Ventures LP and Loudwater Investment Partners. About Antenova Antenova is a leading developer and supplier of integrated antennas and RF solutions for wireless communication and consumer electronic devices. Through its customers and licensee partners, Antenova’s high performance High Dielectric Antenna (HDA®), multi-band mobile broadband and gigaNOVA® standard antennas, along with its industry leading RADIONOVA® RF Antenna modules enable some of the most advanced wireless devices, smartphones, feature phones and wireless notebook computers around the world. Antenova’s integrated antennas and RF solutions are ideally suited for an extensive range of applications, including GSM and CDMA, 3G, GPS, 802.11 a/b/g, Bluetooth®, ZigBee® and WiMAX™. For further information, please visit www.antenova.com.