Kalon Semiconductor Receives $10.9M Series A Funding

Kalon Semiconductor Receives $10.9M Series A Funding

June 20, 2006

Company Will Use Proceeds to Bring Its High Data Rate Wireless Technology to Market

    SAN DIEGO, Calif., June 20 /Xinhua-PRNewswire/ -- Kalon
Semiconductor, Inc. announced today that the firm has
completed a Series A financing for $10.9M. The round was
led by Enterprise Partners Venture Capital and includes
Avalon Ventures, Cisco Systems, Inc., and Mission Ventures.
 Ali Hedayati, formerly GM of Intel's Centrino Wireless
Product Division, an Enterprise Partners
Entrepreneur-in-Residence and a Kalon co-founder, has been
named CEO. 

    Kalon Semiconductor develops high data rate,
standards-agnostic connectivity products for wireless and
wired applications.  Kalon Semiconductor's patented
ultra-wideband (UWB) architecture delivers optimal cost and
performance for a broad range of applications including
in-home multimedia, wireless USB, wireless high definition
video (HDMI), and  Bluetooth 3.0.  The Kalon executive team
brings exceptional technical and market knowledge to the
field of wireless connectivity via their years of
experience with industry leaders including Intel,
Mitsubishi, and Qualcomm.

    "Kalon Semiconductor's technology was designed
from the start with a systems perspective to ensure robust
connections, high data rate transmission, long range, and
low power consumption to enable ground-breaking
applications for our customers," said Dr. Ismail
Lakkis, CTO and co-founder of Kalon Semiconductor.  Ali
Hedayati added, "Our robust, proven, and worldwide
compliant technology is a perfect match for both consumer
electronics and PC companies that are developing the next
generation of wireless connectivity products.  We are
especially excited about how our architecture enables
consumers worldwide to enjoy digital multimedia and high
definition video with all the convenience and versatility
offered by wireless connectivity." 

    Bob Conn, Enterprise Partners managing director and
lead investor, added, "Ultra wideband has been talked
up for some time, and the impression may be that its impact
is still far off.  We believe that Kalon has the potential
to enter the market at exactly the right time and break
through in a big way."

    Founded in 2005, Kalon Semiconductor draws on the
innovative and unique wireless architecture developed by
Dr. Ismail Lakkis, CTO and co-founder of Kalon. Dr. Lakkis
is a pioneer in the wireless area and has played an active
role in the implementation and standardization of several
successful wireless initiatives.  The unique insight
brought to Kalon Semiconductor by Dr. Lakkis and the Kalon
team has positioned the company as an innovator and leader
in the high data rate connectivity field.

    Kalon Semiconductor is a trademark of Kalon
Semiconductor, Inc. All rights reserved. Other companies'
marks are trademarks of their respective companies. 

    For more information, please contact:

     Tom Clarkson of Kalon Semiconductor, Inc.
     Tel:   [phone]
     Email: [e-mail]

     Moya Gollaher of Enterprise Partners Venture Capital
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Kalon Semiconductor, Inc.