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Motorola Invests in Appairent Tech. for UltraWideband

Motorola Ventures, the venture capital arm of Motorola, has made a strategic investment in Appairent Technologies, a developer of wireless multimedia semiconductors based in Rochester, New York. Appairent Technologies was spun out from Eastman Kodak Company in January 2002. The company is working on embedded high-speed radio systems that take advantage of the IEEE 802.15.3 standard and work underway in Task Group 3a to enable wireless multimedia communication in consumer electronic and PC products. The strategic relationship with Motorola centers around the development of an ultrawideband (UWB) product by leveraging Appairent’s market leadership position in IEEE 802.15.3 Medium Access Control (MAC) development and Motorola’s leading UWB radio platform development. In addition, Appairent Technologies has received an investment from the Monroe Fund, which is managed by the Trillium Group. Financial terms were not disclosed.
http://www.appairent.com

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