| February 13, 2007 | Press Release |
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| Samsung Makes Strategic Investment in Strix Systems |
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| Portfolio Company: Strix Systems |
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CALABASAS, Calif.--Feb. 13, 2007--Strix Systems, Inc. has received a
strategic investment from Samsung Ventures America, the US based venture
capital investment arm for Samsung Venture Investment Corporation (SVIC).
Samsung Ventures has seen significant WiFi/WiMAX opportunities
worldwide, especially in areas of next generation mobile
broadband through wireless mesh, and wireless backhaul for 3G
and WiMAX via advanced mesh technology.
Samsung Ventures has reviewed nearly all wireless mesh
products on the market, and believes that Strix has the best
solutions, especially in supporting mobility, voice and video
over wireless mesh.
Samsung Electronics, the market leader in WiMAX equipment, is
a key player in driving the worldwide adoption and deployment
of WiMAX.
Samsung Ventures is committed to support for partnership
opportunities in deployments and product development between
Strix Systems and Samsung Electronics.
COMMENTARY
-- "We evaluated nearly all the mesh network vendors and chose
Strix Systems for their industry leading performance and
innovations in technology," said Brian Kang, Investment
Principal of Samsung Ventures America. "Our strategic
investment in Strix Systems represents our commitment to the
convergence of industry leading wireless technologies and the
ability to address the intense demand for mobile voice, video
and data services."
-- "This investment from Samsung Ventures America is a testament
to the strength of Strix Systems technology and innovation and
will enable us to address immediate and future revenue
opportunities in WiFi mesh," Said Bruce Brown, Chairman and
CEO of Strix Systems.
-- "Strix is a natural choice for SVIC. Samsung is very serious
about WiMAX and WiFI but has a gap in the WiFi mesh space,"
said Patrick Donegan, Senior Analyst at Heavy Reading and
creator of the Wireless Mesh Equipment Market Tracker. "Strix
has made a rapid impression on the WiFi mesh equipment market,
shipping more mesh radios than any other vendor in the first
half of 2006."
About Strix OWS
The Strix Access/One OWS and IWS modular mesh products deliver the
largest capacity (up to six radios and 768 users per node, three to
six times the norm), highest throughput (five times the norm at 35
Mbps), and best scalability (users can add more radio boards, 4.9GHz,
WiMAX modules, or new technologies). An independent wireless mesh test
sponsored by Light Reading and completed in June 2006 found Strix's
OWS 2400-30 delivers the best throughput and capacity, the greatest
scalability for voice applications, and the best mobility/roaming.
Strix networks scale to 10 or more wireless hops with near-zero
throughput loss and latency. Customers can deliver real-time
applications with a minimum of wired connections for a given area,
which reduces CapEx and OpEx.
About Strix Systems
Strix Systems is the proven worldwide leader in wireless mesh
networking. Strix's Access/One products are the industry's only
modular (chassis-based) mesh systems, delivering the highest
throughput, lowest latency, greatest capacity and unparalleled
scalability. This new generation of products provides the broadband
mobility and reach to support voice, video, and data applications.
Sold globally by a network of first-class distributors and
integrators, Access/One solutions have been deployed in hundreds of
networks worldwide, outdoor and indoor, for the service providers,
metro, public safety, government, energy, transportation, hospitality,
education, enterprise, and residential markets. For more information
about Strix Systems, please visit www.strixsystems.com.
About Samsung Ventures America
Samsung Ventures America manages US investment and
investment-related activities for Samsung Electronics and Samsung
Venture Investment Corporation (SVIC) from local offices in San Jose.
The investment mandate for Samsung Ventures America tracks closely to
the strategic priorities of Samsung Electronics' core operating
divisions, and encompasses investments in semiconductors, displays,
telecommunications, and consumer electronics. Samsung Ventures America
is currently actively investing in leading technology companies from a
$400 million fund.
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