picoChip Receives Strategic Investment from AT&T
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picoChip Receives Strategic Investment from AT&T

BATH, England—(BUSINESS WIRE)—Feb. 15, 2006— picoChip, a leading supplier of wireless silicon solutions, has announced that AT&T Corp., a subsidiary of AT&T Inc., has made a strategic investment in the company. The amount of the investment is undisclosed. picoChip was already ranked as the best-funded private WiMAX company following the $20.5 million previously raised in its third round of funding, which was announced in June last year. Other third round investors were Scottish Equity Partners, Rothschild, Intel Capital, Pond Venture Partners and Atlas Venture.

picoChip has developed the world's highest performance DSP tuned for wireless, and is a supplier of complete reference designs for WiMAX and HSDPA. WiMAX systems using picoChip are available from Airspan, Intel, Ericsson, Nortel, Marconi and a number of other manufacturers. The company recently announced an extension of its products with the first solutions for 802.16e basestation and mobile stations, to make picoChip's WiMAX portfolio the most complete available. In addition, picoChip has a number of strategic customers and partners, including Tier One manufacturers, and is fast becoming the industry standard for next-generation wireless infrastructure.

About picoChip

picoChip, located in Bath, England, is dedicated to providing innovative, flexible wireless solutions to help equipment makers minimize time-to-market, costs, and system power consumption.

At the heart of the company's offering is a scaleable, multi-processor baseband IC that combines the computational density of a dedicated ASIC with the programmability of a traditional high end Digital Signal Processor. The picoChip technology platform includes tools, development boards and reference designs, and proven IP for seamless integration with the radio frequency elements of a base station. Equipment based on picoChip technology will enable telecom operators to remotely re-configure and upgrade their equipment without the high costs of replacing obsolete hardware.

picoChip currently has a development team with a balanced mix of hardware and software engineers of outstanding ability and experience; spanning such diverse fields as communications system design, software development, computer architecture, digital signal processing, RF design, and silicon design.

The company was founded in September 2000 and is backed by AT&T, SEP, Rothschild, Intel Capital, Pond Venture Partners and Atlas Venture.



Contact:
picoChip Designs Limited
Rupert Baines, +44 (0)1225 469 744

Email Contact

www.picoChip.com
or
Publitek Limited
Oliver Davies, +44 (0)1225 470 000

Email Contact

www.publitek.com