Japanese group takes strategic stake in Nujira
February 26, 2009 //
Power amplifier specialist Nujira (Cambridge, England) has won a strategic, but undisclosed level investment from Japanese financial group Mitsubishi UFJ Capital.
LONDON Power amplifier specialist Nujira (Cambridge, England) has won a strategic, but undisclosed level investment from Japanese financial group Mitsubishi UFJ Capital.
The move follows the closing last September of a C round of venture capital funding, and is the company's first venture investment relationship with a Japanese corporation.
Nujira said recently that three major Japanese OEMs are designing its power-efficient Coolteq RF modules into wireless infrastructure systems.
To date five major OEMs, including Sumitomo Electrical Industries, have designed the Coolteq modules into cellular basestation gear.
Commenting on the deal, Masahito Kawashima, Managing Director of Mitsubishi UFJ Capital said, in a statement : "This investment represents an outstanding opportunity to participate in a business with excellent prospects, and we look forward to working closely with Nujira to accelerate the growth of their business."
Tim Haynes, Nujira CEO added: "The accelerating rate of adoption of Coolteq modules is a reflection of the fact that we have a proven technology that directly addresses the key concerns of the cellular network operators today."
Haynes added: "In a communications world that is seeing budget cuts across the board, we are still signing up customers and still recruiting to satisfy new product developments and design wins with our customers."
A low-power version of Nujira's high accuracy tracking technology, dubbed Coolteq-l was demonstrated at the Mobile World Congress in Barcelona, Spain earlier this month, targeting handset RF front ends for 3G, LTE and WiMAX devices that are likely to hit the market in 2011.
It will be sold as semiconductor IP and test chips for Coolteq-I are scheduled for the third quarter of 2009.
The company has also developed a version of the RF tracking technology that will operate at the higher power levels characteristic of digital TV transmitters.
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