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Nujira Closes Major Seed Round Led by Amadeus Capital Partners

10 November 2003
Investments to Enable Early Prototypes and Business Development

10 November 2003, Cambridge, UK – Nujira Ltd, the Cambridge based company developing advanced power amplifier technology for the cellular industry announced today that it has closed an $850K seed round, with lead investment by Amadeus Mobile Seed Fund. The investment was mentored and structured by the Cambridge Angels led by Niel Viljoen. Other investors in this seed round include The Cambridge Gateway Fund, Cambridge Capital Group and the Cambridge Angels.

Power amplifiers are used in all cellular basestations, irrespective of standard or geography, and represent a global annual capital expenditure of over $2B. Nujira has developed a unique technology which significantly reduces the amount of power used and heat dissipated, thereby reducing the requirements for back-up batteries, air conditioning units, power supply and physical space.

Dr David Nugent of Elucidare and industry analyst commenting on Nujira said, "The inefficiency of traditional basestation amplifiers is one of the most pressing problems afflicting the wireless industry today. This situation is likely to worsen as cellular operators promote power-hungry data services across increasingly concentrated networks. Indeed it is no exaggeration to say that failure to improve amplifier efficiency would severely constrain the economic case for many third-generation services. Industry adoption of high efficiency amplifier technology will accelerate as network operators and systems integrators seek ways of reducing operating costs and creating product differentiation respectively."

Reductions in heat dissipation and power have a large impact on the cost of deployment of cellular infrastructure and Nujira’s technology goes a long way to solving an ongoing and ever increasing issue cellular operators have been trying to address for the past few years: how to stabilise capital spending yet at the same time maintain existing networks and roll out more capacity for data services.

Laurence John, CEO of The Amadeus Mobile Seed Fund, who will join Nujira’s Board, said, “Nujira’s team has an impressive track record in their field, and has devised a sound strategy for building a business on proprietary technologies that meet real needs in a global industry which is predicted to grow to over $3B by 2007. The company is already in discussions to supply and partner with key players for their first product, which will significantly improve power amplifier efficiencies in existing cellular basestations.”

Tim Haynes, Managing Director of Nujira added, “The funding will be used to develop Nujira’s proof of concept into a form and fit prototype for initial customer trials. Nujira is already engaged with a number of companies who have expressed serious interest in Nujira’s patent protected technology, and this funding will also help Nujira secure these first customers.”

About Nujira Ltd (www.nujira.com)

Nujira Ltd was founded by four ex-Symbionics/Tality staff and is lead by Tim Haynes, Managing Director. Nujira develops power amplifier related intellectual property for the wireless communications industry. Nujira’s initial focus is targeted on the Cellular Infrastructure Industry and addresses an ongoing and increasingly important problem of power consumption. Nujira’s IP enables significant reduction in the power consumption of RF transmitters and is ideally suited to battery driven equipment or applications in which power consumption is a major issue.

About Amadeus Capital Partners (www.amadeuscapital.com)

Amadeus is a specialist venture capital firm backing new technologies. Founded in 1997, Amadeus manages £288 million and has backed 39 companies in the UK and continental Europe, covering computer hardware and software, mobile and fixed communications technologies and new media. The firm, which has offices in London and Cambridge, UK, has established a reputation among entrepreneurs for Silicon Valley-style, hands on assistance and ‘door opening’, and among investors for proving that early stage technology investing can be profitable in the long term.

Amadeus’ investments include Cambridge Silicon Radio, producing “Bluetooth” single chip radios for short range connections, Clearswift, an email content security business, Plastic Logic, developing plastic circuits for mass applications, and Southampton Photonics, an optical component and sub-system supplier. Successful realisations from the Amadeus portfolio include Entropic, bought by Microsoft and Element-14, bought by Broadcom Corporation.

For further information please contact:

For Nujira Ltd:

Destanie Clarke

DestaniePR

+44 7753 826162

destanie@destaniepr.com

For Amadeus Capital Partners:

Chantal Ligertwood

Tel : +44 (0)1235 834091

Chantal@ligertwood.net