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Nujira Secures $9.8 Million in Series B Funding

30 January 2007
Financing to Accelerate Production of Nujira’s HAT™ Modulators that Deliver Higher Efficiency Power Amplifiers

30 January, 2007, Cambridge, UK – Nujira, the company leading the development of advanced high efficiency power amplifier technology for the wireless industry, announced today that it has closed a $9.8 million Series B funding round. The round was co-led by current investors 3i and Amadeus Capital Partners. The round included further investment by Cambridge Gateway Fund, Cambridge Capital Group and the Cambridge Angels.

“The high power consumption of current 3G networks is a serious cause of concern for all operators,” said Ian Lobley, senior partner at 3i. “We are now seeing operators setting themselves hard targets for reducing the power consumption, and hence environmental impact, of their networks. Power amplifier efficiencies of at least 50% are essential to achieving these targets, and Nujira has a clear lead over other vendors in providing commercially-available solutions to address this urgent need.”

 

“Nujira’s innovative HAT™ (High Accuracy Tracking) technology provides a dramatic improvement in the efficiency of RF power amplifiers enabling the design of smaller, cheaper and significantly more power-efficient 3G/WiMAX base stations and DVB systems,” stated Mike McTighe, Nujira’s non-executive chairman. “We have demonstrated our HAT technology to the infrastructure OEMs in all the major markets, and it is currently being evaluated by more than half of the leading infrastructure OEMs worldwide. The overwhelming interest from customers and industry partners and the continued support of our investors is a great testament to Nujira’s technology and management team.”

 

Andrea Traversone of Amadeus Capital Partners commented: “Nujira has made great progress in getting traction with the OEMs by demonstrating the significant advantage of their HAT technology over other technologies that have been proposed to address the serious issues with today’s low-efficiency power amplifiers. Nujira has set new standards for power efficiency that will make their technology a compelling proposition for the next generation of 3G and WiMAX base stations.”

 

Tim Haynes, CEO of Nujira, added: “We have made significant progress in the past two years, both commercially and technically, and we are very pleased to have the continuing support of our investors. The new investment will allow us to ramp up the manufacture of our HAT™ modulators to meet customer demand and further commercialise the technology. The funding will also be used to broaden the product range to address a wider market, including higher RF powers and support for high voltage RF device technologies which when used in conjunction with Nujira’s HAT™ technology can deliver even higher PA efficiencies. We see an enormous opportunity for Nujira to play a key role within the PA industry in the future.”

 

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About Nujira (www.nujira.com)

Nujira is the leading supplier of high efficiency power amplifier technology and related intellectual property for the wireless communications industry. Nujira’s patented high power High Accuracy Tracking (HAT™) Modulators for WCDMA, CDMA2000, DVB and WiMAX power amplifiers enable infrastructure OEMs to design more power-efficient, smaller, and cheaper base stations to meet the increasingly demanding needs of operators worldwide.

 

About Amadeus (www.amadeuscapital.com)

Amadeus is one of Europe’s leading technology investors. Since its inception in 1997, the firm has backed over 60 companies covering computer hardware and software, mobile and fixed communications technologies and medical technologies. Investments include Cambridge Silicon Radio, producing single chip bluetooth radios for short range connections and floated on the London Stock Exchange in 2004, Optos, a manufacturer of laser retinal scanners which had a successful IPO on the London Stock Exchange in 2006, PacketFront, a Swedish company providing systems to manage end-to-end delivery of multiple broadband services, Valista, an electronic payments company and Solexa, the developer of next generation genetic analysis systems, recently merged with Illumina Inc.

Amadeus Capital Partners Ltd is authorised and regulated by the Financial Services Authority.

Registered office: Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN, UK. Registered in England no: 3392685.

 

About 3i (www.3i.com)

3i is a world leader in private equity and venture capital. We focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia Pacific. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders.

In the year to March 31, 2005, 3i invested £962m, including co-investment funds. 3i's Buyouts business operates primarily on a pan European basis, investing in businesses with a transaction value of up to €1 billion. In the year to March 31, 2005, Buyouts invested £532m. During the same period, its Growth Capital business, which focuses on high growth companies expanding organically or through acquisition, invested £274m across Europe and Asia. 3i's Venture Capital business invested £144m in the year to March 31, 2005 in early stage technology companies throughout Europe and US.

Some of 3i's award-winning early stage portfolio include Vonage, US (VOIP), Udex US (RFID), The Cloud, UK (wireless), Microsulis, Scotland (medtech), Mobile 365, France (comms), Smart Fuel Cells, Germany (energy), Fractus, Spain (antennas), Sulake Finland (gaming) with successful IPOs and realisations for CSR, e2v, Bookham Technology (UK), Pedestal software (US), Novuspharma (Italy) and many others.

 

 

For further information please contact:

 

 

For Nujira Ltd:

Destanie Clarke

DestaniePR

Tel: +44 (0)7753 826162

destanie@destaniepr.com

 

 

For Amadeus Capital Partners:

Chantal Ligertwood

Tel: +44 (0)1235 834091

Chantal@ligertwood.net

 

 

For 3i:

Rachel Richards

Tel: +44 (0)20 7975 3573

rachel.richards@3i.com