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Antenova Secures $12 Million in Series C Funding

20 January 2005
Financing to Support Product Development

Cambridge, UK, January 20, 2005 --- Antenova Ltd, the integrated RF solutions company, announced today that it has closed a $12 million Series C funding round. The new investment, from a syndicate of institutional firms, was arranged through KBC Peel Hunt, the securities firm and specialists in AIM flotations, with further investment by existing shareholders, amongst who are Quester, Cambridge Gateway Fund, FNI Venture Capital and Nippon Investment Fund.

Antenova is a leading developer and supplier of innovative RF (Radio Frequency) antenna products. Antenova’s breakthrough High Dielectric Antenna (HDA™) technology provides increased channel capacity, better data rates, improved spectrum efficiency, compact size and resistance to detuning. These advantages provide OEMs and ODMs of handsets, laptops and other consumer electronics, highly efficient and cost effective RF designs for multiple design reuse and faster time to market.

Greg McCray, CEO, Antenova said, “This significant investment will enable Antenova to accelerate development of our next generation products and further penetrate our target handset and laptop markets. Our strategy is to continue to provide our customers and partners with superior technology, market led products and become the global supplier of choice for integrated RF solutions.”

“Antenova’s team has an impressive track record in their field, and have devised a sound strategy for growing their business," stated William Sporborg, Investor Director representing the Cambridge Gateway Fund. "Antenova is well positioned to meet the needs of the global handset and laptop RF antenna markets, which is predicted to grow to over $2B by 2008. The Company has already secured major handset and module customers with their multiband antenna products, and is interesting key players with their next generation of integrated RF and antenna products.”

Marcus Scott, Antenova’s Chief Financial Officer, added “We are fortunate to have the support of such an experienced syndicate of institutional investors, and our investors’ confidence continues to underpin Antenova’s growth strategy.”

About Antenova

Antenova is a leading developer of revolutionary antenna technology and innovative radio solutions. Antenova provides antennas that are smaller, higher in efficiency and offer more robust performance for mobile handsets, PC cards and laptop applications. Antenova’s integrated RF antenna solutions enable rapid product development, from the R&D stage through to manufacturing and quality control. Antenova’s products are suitable for an extensive range of applications, including GSM and CDMA, 3G, GPS, 802.11 a/b and Bluetooth markets. For further information, please visit www.antenova.com.

Contact:

Destanie Clarke

Marketing Manager

Antenova Ltd

m. +44 (0)7753 826162

t: +44 (0)1223 810614

destanie.clarke@antenova.com