ULTRA WIDEBAND TECHNOLOGY LEADER, Pulse~LINK, INC., CLOSES $30 MILLION SERIES D INVESTMENT ROUND
Carlsbad, Calif., April 27, 2004 - San Diego based Ultra Wideband technology leader, Pulse~LINK Inc., has announced the close of its Series D stock offering for more than $30 Million. The institutional private placement was led by strategic investors Mobile Telecommunications Company (MTC), National Investment Company (NIC), and Jamson Holdings, and comprised of six additional publicly listed companies.
Pulse~LINK will use the proceeds of this round to complete development and attain commercial release of its Software Defined Cognitive Radio Ultra Wideband solution, which will enable high performance Ultra Wideband communications across Wireless Local Area Networks (WLANs), cable television networks and home electric power lines.
Pulse~LINK is unique in its pursuit of longer-range UWB communications, beyond 10-meter single-room applications pursued by other UWB companies, and is the first to demonstrate UWB transmissions for Wireless Local Area Networking. Pulse~LINK is also the first and only company to demonstrate UWB over cable television networks and will soon be demonstrating UWB communications across home electric power lines.
Initial consumer applications for Pulse~LINK's UWB technology will be for home networking of consumer electronics devices and appliances. Because of its high speed, low power consumption capabilities, UWB is ideal for high quality wireless and wired transfer of data, audio and video, including multiple streams of High Definition Television. By achieving WLAN distances and the ability to bridge wireless and wired UWB technologies, Pulse~LINK will enable solutions for total home networking vs. networking of a single room, allowing for mobility of devices throughout the home without the tangle and tether of wires.
The Company takes possession of its first test silicon microchips in early May and anticipates commercial availability by mid-2005. Pulse~LINK will conduct prototype demonstrations of its technology publicly at the International Telecommunications Union (ITU) Global Conference on Ultra Wideband scheduled in Boston this June.
Combined capital and assets under management for investors in Pulse~LINK's Series D Round represent over $12 billion US. In addition to lead investors MTC, NIC, and Jamson Holdings (Jassem Al-Mousa & Sons), publicly listed companies include Kuwait and Middle East Financial Investment Company (KMEFIC), Commercial Facilities Company (CFC), Kuwait Financial Centre (Markaz), International Financial Advisors (IFA), Kuwait Real Estate Company (KRE) and Kuwait Pipes Industries & Oil Services Company (KPIOS).
About Mobile Telecommunications Company (MTC) Mobile GSM telecommunications operator MTC (KSE: TELE) has the second largest market capitalization on the Kuwait stock exchange of KD 1.766 billion (US $5.98 billion). It is one of the leading blue chip companies in Kuwait and has major operations in five countries in the Middle East.
About National Investments Company (NIC) NIC (KSE: NINV) provides a variety of financial services to institutional, corporate and individual investors and is one of Kuwait's leading investment houses. NIC is publicly listed on the Kuwait Stock Exchange.
About Jamson Holdings Jamson Holdings is the global investment arm of Jassem Al-Mousa and Sons, with a diverse background across multiple industries in public and private investments over the past 30 years.
About Pulse~LINK, Inc.
Pulse~LINK, Inc. is a privately held Delaware Corporation
headquartered in Carlsbad, California, with nearly 300 issued and
pending patents pertaining to UWB wired and wireless
communications technology. Pulse~LINK's CWave® solution provides
up to Gigabit data rates over coax and wireless networks from the
same chipset, enabling consumers the unprecedented ability to
stream and distribute high quality multimedia content throughout
the home. CWave® solutions have the ability to support both 1394
and Gigabit Ethernet over coax as well as wireless HDMI. For
additional information about Pulse~LINK, Inc., please visit: http://www.pulselink.net.
Forward Looking Statements
Any statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. All forward-looking
statements rely on assumptions and are subject to various risks
and uncertainties that could cause actual results to differ
materially from expectations.
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For More Information:
Pulse~LINK, Inc.
Laurie Watkins
Tel: (858) 794-9414
Mobile: (858) 349-1989
Email: lwatkins@pulselink.net