Wavestream Raises $28M

SAN DIMAS, Calif. -- Wavestream (www.wavestream.com), a manufacturer of a new generation of compacthigh-efficiency solid-state power amplifiers, today announced a new round offunding in the amount of $28 million, led by Oak Investment Partners.Wavestream will use the new financing to expand their product line and moveinto new markets.

"We at Wavestream are pleased to have such a strong new partner," said ChrisBranscum, Chairman and CEO of Wavestream. "The team at Oak InvestmentPartners are highly regarded strategists and investors.Their confidence and support highlights the strength of, and outlook for,Wavestream's products in communications, sensing systems and directed energymarkets."

"Given the strength of their core technologies and the skill that managementhas demonstrated introducing attractive products into high-value markets, weat Oak believe Wavestream is well-positioned for significant growth," saidDavid Walrod, General Partner of Oak Investment Partners. "The company'sproprietary spatial power combining technologies and high-performance,small-footprint products have established Wavestream as a market leader."

Wavestream Corp.