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Antenova Announces Record-breaking 2008

09 February 2009
Industry Leader Antenova Enjoys Significant Year on Year Success

Cambridge, UK, February 9, 2009 --- Antenova Ltd, the integrated antenna and RF solutions company, announced today that it experienced substantial annual growth and 2008 was a record-breaking year for the market leader.

Antenova announced the Company’s unaudited results show their annual turnover grew by more than 85% in 2008, resulting in an average annual growth of nearly 92% over the past four years. The Company also increased its annual units shipped by 35% in 2008, contributing to an average year on year growth of 30% over the past four years. Some of Antenova’s successes for 2008 include getting on the approved vendor list of electronics heavyweights Samsung and LG, expansion of the GPS RADIONOVA RF Antenna Module range, over three dozen design wins for GPS RADIONOVA and a significant number of high volume handset and notebook design wins with Tier 1 OEMs. This steady managed growth has helped the Company establish itself as global leader in antennas and RF solutions for wireless communication and consumer electronic device markets.

 

Greg McCray, CEO, Antenova said, “2008 was not without challenges and 2009 is predicted to be a much tougher year. But, our strategy has always been to achieve sustained growth, and we have achieved this through continual innovation, commercialization of technology and products that meet market needs and differentiating ourselves from the competition. Antenova’s high performing antennas and RF solutions address the widest range of wireless protocols and applications in the industry and 2009 will see the launch of even more multi-mode and multi-band antennas and RF antenna modules to address the market trend of converged devices.”

 

McCray added, “Antenova has had an encouraging number of new clients, particularly top Tier 1 OEMs, augmenting our established global customer base. Antenova’s antennas and RF antenna modules can now be found in five of the top handset vendors as well as the top two notebook vendors and a top smart phone vendor. 2009 is anticipated to be a very challenging year, not just for us but the industry as a whole, but we are confident that with our steadfast strategy that maintains a focus on customers, products and profitability, we will enjoy another successful year.”

 

 

About Antenova

Antenova is a leading developer and supplier of integrated antennas and RF solutions for wireless communication and consumer electronic devices. Through its customers and licensee partners, Antenova’s high performance High Dielectric Antenna (HDA®), multi-band mobile broadband and gigaNOVA® standard antennas, along with its industry leading RADIONOVA® RF Antenna modules enable some of the most advanced wireless devices, smartphones, feature phones and wireless notebook computers around the world. Antenova’s integrated antennas and RF solutions are ideally suited for an extensive range of applications, including GSM and CDMA, 3G, GPS, 802.11 a/b/g, Bluetooth®, ZigBee® and WiMAX™.  For further information, please visit www.antenova.com.