Antenova Raises $10M

CAMBRIDGE, U.K. -- Antenova Ltd, the integrated antenna solutions company, announced today thatit has secured $10 million further funding for growth and expansion.Antenova also announced the opening of their new U.S. R&D and Support Centerin Chicago, Illinois.

Greg McCray, CEO, Antenova said, "This additional investment will allowAntenova to accelerate development of our RADIONOVA® range of RF antennamodules and establish additional design centers to further penetrate andsupport our target markets. Antenova's high performance antennas aredesigned into mobile handsets, laptop computers and other wireless devicesby leading OEM companies worldwide. Our strategy is to continue to provideour OEM customers and partners with industry leading antennas and RF antennamodules and become the global supplier of choice for integrated antennasolutions."

Antenova recently announced the GPS RADIONOVA RF Antenna Module - theworld¹s first GPS solution in a single package, which combines a highperformance and low power receiver IC with Antenova¹s high efficiency singleended internally balanced antenna. GPS RADIONOVA is the first in the rangeof RF antenna modules, which will be followed by GSM/CDMA, 3G, dual-modeGPS/GSM and dual-mode WiFi/GSM RF antenna modules.

McCray continued, "Our Chicago design and support center has just opened andis already supporting customers' projects. Having local presence with ourcustomers has been key to our success and plans are on target for openinglocations in Shanghai, China next quarter, followed by facilities in Koreaand Japan by the end of this year."

McCray concluded, "Our investors' confidence continues to underpinAntenova¹s growth strategy, and we are fortunate to have the support of suchexperienced investors."

Antenova Ltd.