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Funding to support commercialisation of Mercury5G, world’s first two chip dual band wireless LAN solution

22 July 2002 -- Reading, UK -- Synad, a fabless chip start-up focused on wireless networking, today announced that it has raised .7 million in its second round funding exercise.

The investment was led by Alta Partners of San Francisco and Alta Berkeley of London. Synad’s seed round investor Celtic House Investment Partners also played a major part in the deal. Two other new investors contributed to the round were NcoTec from London and Rendex Partners of Antwerp.

Synad’s technology platform, AgileRF™ delivers mobility and interoperability in wireless local area networks regardless of the standard employed. The first product embodying AgileRF is Mercury5G™, a two-chip CMOS solution designed to deliver seamless interoperability between IEEE 802.11a and IEEE 802.11b. The architecture also includes additional features and flexibility to support emerging standards such as IEEE 802.11g as they are ratified.

“AgileRF and Mercury5G represent significant milestones for the networking industry. Synad has considered the issue of wireless connectivity from the ground-up. It has addressed the standards issues head-on by developing AgileRF, an architecture to deliver mobility and interoperability at a client-level. Synad has strong management and a world-class design team which we expect to build a business of significant value in the coming years,” said Khaled Nasr of Alta-Partners.

“We’re delighted the company has attracted such high quality new investors from the USA and Europe. This is a strong endorsement of Synad’s underlying technology and we look forward to the new investors working with us to develop and support this extremely exciting company,” said Roger Maggs of Celtic-House.

“Raising a significant level of funding in such a difficult economic climate is testament to the strength of Synad’s design expertise and our technology lead. Mercury5G’s high level of integration means a dual band client solution will have a cost comparable to a single band solution while its flexibility will allow OEMs to create significant differentiation in their own client products,” said Mike Baker, CEO, Synad.

About Synad

Synad was founded in July 2000 on a vision of pervasive broadband wireless connectivity through the rapid development of low-cost mass-market CMOS chips for the wireless networking industry.

Based in the UK, one of the strongest centres in the world for wireless design, Synad has a growing team of over 50 staff today and is focussed on fulfilling its vision through the development of advanced technologies and products for Wireless Local Area Networking (WLAN).

Synad’s first product is Mercury5G, a dual band WLAN solution comprising of a radio-chip (SYRF8100), a modem/MAC-chip (SYBB8200), protocol software, a developers kit and reference designs.

Mercury5G is based on Synad’s patent pending AgileRF architecture and ground breaking MAS analogue technology, employed by Synad to deliver interoperability between IEEE 802.11 standards without compromising data throughput, range performance or cost. For further details check
http://www.synad.com

Media contact: Zuzanna Pasierbinska/Stephen Waddington, Rainier, Tel: +44 (0) 207 494 6570, E-mail: synad@rainierco.co.uk.

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