Pulse-Link Closes $30M RoundPulse-Link Closes $30M Round

CARLSBAD, Calif. -- San Diego based Ultra Wideband technology leader, Pulse~LINK Inc., has announced the close of its Series D stock offering for more than $30 Million. The institutional private placement was led by strategic investors Mobile Telecommunications Company (MTC), National Investment Company (NIC), and Jamson Holdings, and comprised of six additional publicly listed companies.

Pulse~LINK will use the proceeds of this round to complete development and attain commercial release of its Software Defined Cognitive Radio Ultra Wideband solution, which will enable high performance Ultra Wideband communications across Wireless Local Area Networks (WLANs), cable television networks and home electric power lines.

Pulse~LINK is unique in its pursuit of longer-range UWB communications, beyond 10-meter single-room applications pursued by other UWB companies, and is the first to demonstrate UWB transmissions for Wireless Local Area Networking. Pulse~LINK is also the first and only company to demonstrate UWB over cable television networks and will soon be demonstrating UWB communications across home electric power lines.

Initial consumer applications for Pulse~LINK's UWB technology will be for home networking of consumer electronics devices and appliances. Because of its high speed, low power consumption capabilities, UWB is ideal for high quality wireless and wired transfer of data, audio and video, including multiple streams of High Definition Television. By achieving WLAN distances and the ability to bridge wireless and wired UWB technologies, Pulse~LINK will enable solutions for total home networking vs. networking of a single room, allowing for mobility of devices throughout the home without the tangle and tether of wires.

The Company takes possession of its first test silicon microchips in early May and anticipates commercial availability by mid-2005. Pulse~LINK will conduct prototype demonstrations of its technology publicly at the International Telecommunications Union (ITU) Global Conference on Ultra Wideband scheduled in Boston this June.

Combined capital and assets under management for investors in Pulse~LINK's Series D Round represent over $12 billion US. In addition to lead investors MTC, NIC, and Jamson Holdings (Jassem Al-Mousa & Sons), publicly listed companies include Kuwait and Middle East Financial Investment Company (KMEFIC), Commercial Facilities Company (CFC), Kuwait Financial Centre (Markaz), International Financial Advisors (IFA), Kuwait Real Estate Company (KRE) and Kuwait Pipes Industries & Oil Services Company (KPIOS).

Pulse-Link Inc.