RadioFrame Scores $12MRadioFrame Scores $12M

BELLEVUE, Wash. -- RadioFrame Networks Inc., the first in-building wireless infrastructure company, today announced the closing of a $12 million Series D financing led by VantagePoint Venture Partners. Existing investors including Craig McCaw's COM Investments, Ericsson Venture Partners, Ignition Partners, Nextel Communications (NASDAQ: NXTL), and Orange Ventures also participated in this round. RadioFrame has raised approximately $38 million in venture capital funding to date.

RadioFrame Networks has developed the RadioFrame System, a wireless communications platform that provides the first "future-proof" wireless access network that increases the quality and capacity of indoor wireless coverage at a fraction of the cost of current alternatives. The system supports multiple cellular networks (including 2G, 2.5G and 3G) and all flavors of 802.11 while offering a platform upon which to add new services as standards evolve.

"As mobile phones become the primary phone for consumers all over the globe, high quality connections and reliable in-building service will become must-have for all carriers. RadioFrame has the right mix of team and vision for building a world class company to deliver this compelling solution," said Eric Ver Ploeg, Managing Director, at VantagePoint Venture Partners and new RadioFrame board member. "Further, RadioFrame's ability to support Wi-Fi improves the scope of potential service offerings for carriers."

The RadioFrame System improves the performance and manageability of wireless networks via RadioFrame Units (RFUs), high capacity 'super access bays' that are mounted at various locations within a building. Each RFU is about the size of an exit sign and can contain up to seven low-power RadioBlade(tm) transceivers, which communicate with a full range of mobile devices. The RadioFrame System can be customized and upgraded to fit any number of wireless networking usage requirements over a range of standards.

"Our ability to attract additional funding from top tier firms such as VantagePoint and our existing investors is another validation of the market opportunity we see in providing a 'future-proof' wireless communications platform," said Jeff Brown, president and CEO of RadioFrame Networks. "With these funds, we'll be aggressively rolling out our current product line, while finalizing new flavors of the RadioFrame System for additional customers."

The RadioFrame System, commercially available in an iDEN/WLAN configuration, has improved the wireless connectivity for enterprises is a variety of usage scenarios. Callers on the RadioFrame System are experiencing far fewer dropped calls, even in elevators and basements. Further, wireless LAN network performance has improved, allowing end users to stay connected in more places at better speeds.

The company was founded in 1999 by Rob Mechaley, who co-invented the first wide-area wireless data over cellular network-Cellular Digital Packet Data (CDPD)-and led the team that built the nation's first seamless wireless network, NACN (the North American Cellular Network).

RadioFrame Networks Inc.