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Press Release
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October
26, 2001
XEMICS Closes $6 Million Round of
Financing
Neuchâtel,
Switzerland and Mountain View, CA
October 26, 2001
XEMICS SA., specializing in short-range
wireless connectivity solutions,
announced today the successful closing
of another round of venture capital
financing of $6M following the previous
round of $7 M completed last March 2001.
Recognizing Xemics strong technology
assets and business potential, all of
the company's previous venture capital
investors and two new venture capital
funds participated in these rounds.
Capital has come from: TAT
Investments, Banexi
Ventures, Innoventure
Capital, Cantonal
Bank of Vaud, Yasuda
Enterprise Development, Vontobel
European Ventures. Other existing shareholders include
institutional investors and Xemics'
management.
As
expressed by Alain Dantec, CEO of XEMICS,
"This additional funding will allow
us to complete our family of ultra
low-power Bluetoothâ solutions for
Personal Area Networks and to expand our
market presence, especially in the USA
and in the Far East."
"Xemics
has proven it's expertise in the
low-power world," said Mr. Dantec.
"We're excited and committed in
helping build XEMICS into a market
leader."
"We believe XEMICS is well
positioned to deliver a wide range of
advanced short-range wireless
connectivity solutions to its customers
around the world," said Michel
Desbard, Chief of the Board. "Our
investment supports XEMICS' strong
business plans and vision and we believe
in XEMICS' success in this ever-growing
industry."
ABOUT
XEMICS
XEMICS is a fabless semiconductor
company offering advanced short-range
wireless connectivity solutions for
Personal Area Networks and Home
Automation Networks. XEMICS' integrated
circuits are designed for ultra low
power consumption and include analog,
mixed-signal, microcontroller and radio
functions. The main product lines are RF
transceivers, including Bluetooth, data
acquisition and communication products
and Audio CODECs.
For
more details of products from XEMICS
please contact:
For
further information, please contact:
Public Relations Coordinator
Florence Amez-Droz
Tel: +41 32 720 5670
Fax: +41 32 720 5770
Email florence.amez-droz@xemics.com
Please
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