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TROPOS
NETWORKS RECEIVES FUNDING FROM INTEL COMMUNICATIONS FUND |
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Intel
Joins Investor Team That Includes Benchmark Capital, Boston
Millennia Partners, Hanna Ventures and Voyager Capital
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SAN MATEO, CA - June 16, 2003 -- Tropos Networks™ today announced that it has
received an investment from the Intel Communications Fund. Financial
details are not being disclosed. Tropos and Intel also plan
to participate in joint marketing activities.
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Tropos manufactures systems used to build
metro-scale Wi-Fi networks. Tropos’ cellular Wi-Fi products
enable network operators, service providers and government departments
to provide ubiquitous, metro-scale, broadband, wireless data
coverage for users in any locale. |
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The investment by Intel Communications Fund
is part of its $150 million commitment to invest in companies
whose technologies will accelerate the worldwide adoption of
Wi-Fi (IEEE 802.11) wireless networks. |
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Tropos will use the new capital to fuel its
growth in the metro-scale Wi-Fi networks market by augmenting
and accelerating engineering, sales and marketing efforts. |
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In addition to the investment Tropos received
from the Intel Communications Fund, the company announced in
February that it raised $8.3 million in funding from Benchmark
Capital, Boston Millennia Partners, Hanna Ventures and Voyager
Capital. |
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“Intel is committed to proliferating
Wi-Fi capabilities worldwide,” said Sean Maloney, Intel
executive vice president and general manager of the Intel Communications
Group. “This investment is part of Intel Capital’s
strategy of building an ecosystem of complementary technologies
that help drive demand for Intel’s mobile computing products.
Tropos Networks’ technology has the potential to significantly
increase Wi-Fi coverage and allow wireless connection in places
previously unreachable by broadband.” |
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“Tropos and Intel share a vision for
Wi-Fi everywhere,” said Dave Hanna, Tropos Networks’
Chairman and CEO. “Cellular Wi-Fi will quickly accelerate
the expansion of Wi-Fi’s footprint by moving it beyond
hot spots, which are similar to pay phones in the telephony
world, to anytime, anywhere availability in coverage areas similar
to those of cellular telephone service.” |
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Tropos’ cellular Wi-Fi products
transform Wi-Fi into a scalable, reliable infrastructure by
layering intelligence on top of Wi-Fi to create a new class
of products, Wi-Fi cells. Wi-Fi cells self-organize and, using
wireless backhaul, forward data to each other along the optimal
path to a wired network connection. Tropos’ system enables
economical, metro-scale Wi-Fi by eliminating the need for
each Wi-Fi node to have a wired connection. |
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About Tropos Networks, Inc.
Tropos Networks, Inc. is a leading supplier of systems
used to build metro-scale Wi-Fi networks. Tropos’ products
enable network operators, service providers and government departments
to provide ubiquitous, metro-scale, broadband, wireless data
coverage for users in any locale. Tropos’ solution creates
a truly wireless network, free from the requirement of per node
wired connectivity associated with Wi-Fi hot spot deployments
using access points. Tropos’ products enable larger coverage
areas, decreased installation costs and decreased operational
costs. Formerly FHP Wireless, Inc., Tropos is headquartered
in San Mateo, California. For more information, please visit
www.troposnetworks.com,
call 650-286-4250 or write to info@troposnetworks.com.
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About the Intel Communications Fund
The $500 million Intel Communications Fund, managed
by Intel Capital, was established in September 1999 and focuses
on accelerating Intel voice and data communications and wireless
networking initiatives. The fund targets companies developing
basic communications and semiconductor components and boards,
real-time operating systems, software tools and utilities, system
level hardware and software, and wireless network services and
channels. The Intel Communications Fund has made more than 80
investments in 17 countries on five continents. For more information
about the fund, visit www.intel.com/capital/portfolio/funds/icf.htm. |
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Tropos Networks is a trademark of Tropos
Networks, Inc. All other brand or product names are trademarks
or registered trademarks of their respective holder(s). |
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