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News Release 30th January 2007
Nujira Secures $9.8 Million in Series B Funding
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.”
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
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