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Motorola Invests in Sequoia Communications
SCHAUMBURG, Ill., – 14 February, 2005 – Motorola Ventures, the strategic investment arm of Motorola, Inc. (NYSE: MOT) today announced it made an equity investment in Sequoia Communications, the RF semiconductor company setting new benchmarks in multi-mode design and integration.
Sequoia Communications’ RF systems are built on the FullSpectraTM architecture that enables the company to develop multi-mode transceivers with significant advantages over other solutions in cost, printed circuit board (PCB) size and power consumption.
“Our decision to invest in Sequoia Communications was driven by their unique RF transceiver architecture that can integrate any combination of modes in less than half the time of those using other architectures,” said Warren Holtsberg, corporate vice president, equity investments, Motorola. “We believe Sequoia Communications’ architecture will enable them to set new benchmarks in RF design cycle time as well as cost, size and power consumption.”
“We are extremely pleased Motorola decided to invest in our company,” said David Shepard, CEO of Sequoia Communications. “Motorola’s decision supports our vision to deliver advanced RF transceivers for multi-mode devices based on our patented architecture.”
About Sequoia Communications
Sequoia Communications enables wireless handset manufacturers to accelerate their time to market by shortening the RF design cycle of integrated multi-mode solutions. The company uniquely integrates different modes using a common architecture on a single chip enabling effective communications across multiple wireless standards including GSM/GPRS, EDGE, WCDMA, GPS, WLAN and more. Single-chip RF transceivers developed using Sequoia Communications’ innovative approach and common architecture will set new industry benchmarks in chip cost, component count, PCB size and power consumption. Founded in 2000, Sequoia Communications is headquartered in San Diego. For more information, please visit www.sequoiacommunications.com.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com/ventures.
About Motorola
Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com.
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Media Contacts:
Julie Peck/Liya Sharif
Townsend Inc. (for Sequoia Communications)
jpeck@townsendinc.com
lsharif@townsendinc.com
858-457-4888
Jennifer Weyrauch
Motorola, Inc.
+1-847-435-5320
Jennifer.Weyrauch@motorola.com
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