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Ubidyne secures 34 mill USD (22 mill euros) in Series B funding


Ulm, Germany and Tempe, Arizona, May 14, 2008 -- Ubidyne, the leader in digital radio technology for the wireless industry, today announced that it has secured 34 Million USD (22 Million Euros) in second round funding lead by Doughty Hanson Technology Ventures. This completes one of the largest venture capital investments in the European wireless equipment market segment in recent years. Previous investors Accel Partners and TVM Capital have participated in the funding, along with new investor BayTech Venture Capital.

Ubidyne has created the world's first digital, antenna embedded radio system for wireless communications. Ubidyne's patent-pending technology significantly improves the operating economics of wireless networks. It reduces energy consumption, enables simple, flexible deployment, and increases the coverage and capacity of mobile communications networks.

'Our oversubscribed Series B funding is a strong vote of confidence in our technology, execution, and growing market traction,' commented Ken Hawk, CEO of Ubidyne. 'Our investors' depth of experience and knowledge, together with their global network, will be invaluable in our efforts to become the global leader in antenna embedded radios.'

'Ubidyne's all-digital technology brings disruptive change to a market that today relies on traditional analogue technology that is expensive and inefficient. Ken Hawk (CEO) and Dr. Clemens Rheinfelder (CTO and Co-Founder) have built a great team and have demonstrated their breakthrough technology to global operators and OEM's. We look forward to helping Ubidyne capitalize on this tremendous opportunity,' commented Stefan Tirtey, Partner at Doughty Hanson Technology Ventures and member of Ubidyne's Board of Directors.

'Ubidyne's technology has the potential to dramatically improve uplink and downlink performance via placing better transmit/receive capabilities directly into the base station antennas via active antenna arrays. Ubidyne's unique antenna embedded radio design, can improve a base station's link budget (in one example, for a 900 Mhz UMTS base station application versus a Remote Radio Head, by 4 dB). The Ubidyne technology can have a major impact on global operator's next generation networks,' said Brian Modoff, Mobile Research Analyst, Deutsche Bank.

'BayTech is excited to join and support Ubidyne. We consider Ubidyne's technology a truly disruptive breakthrough in the global cellular infrastructure market,' stated Michael Hochholzer, Investment Partner at BayTech Venture Capital.

About Ubidyne:
Ubidyne is the global leader in digital antenna embedded radio technology for wireless communications. Ubidyne's standards-agnostic micro-radio technology is integrated with wireless antennas and revolutionizes the economics of mobile communications. These integrated active antenna systems are compatible with current and next generation mobile standards. They eliminate the need for coaxial feeder cables, remote electrical tilt and additional amplifiers on antenna towers and masts. The Ubidyne technology significantly reduces energy consumption while improving radio performance, deployment flexibility, coverage and capacity of mobile communications networks globally. Visit www.ubidyne.com for more information.

About Accel Partners:
Accel was established in 1983 with offices in Palo Alto and London, as well as in China via the IDG-Accel partnership. Accel also has a partnership that started in 2000 with Kohlberg, Kravis, & Roberts (KKR) that created the Accel-KKR fund for technology management buyouts. With over 4 billion USD under management, Accel Partners is a venture capital firm dedicated to supporting entrepreneurs who possess the unique insight to define new categories and build world-class technology companies. These entrepreneurs have led fundamental industry transformations rather than follow predefined market trends. Accel deeply shares our entrepreneur's passion for fundamental uniqueness and


Publisher Contact Information:

BayTech Venture Capital
+49 89 387 009 0
Michael.Hochholzer@baytechventure.com

Company profile of BayTech Venture Capital
Past press releases of BayTech Venture Capital.

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