Thursday, March 30, 2006

PALO ALTO--- H-Stream Wireless Lands $12.55 Million in Series A Funding; Accelerates Hiring Ramp

"H-Stream Wireless, a developer of low power wireless semiconductor solutions, announced today that it has secured $12.55 million in Series A funding from Granite Ventures, Intel Capital, Tallwood Venture Capital and selected angel investors.

H-Stream was seeded by a group of angels which included founders of VLSI Technologies, Netscreen (now Juniper Networks), Omnivision and Spreadtrum.

According to Ron Yara, general partner at Tallwood Venture Capital, 'H-Stream has identified a unique opportunity in the low power wireless space, and pulled together a stellar core team and advisory board to prove its technical and market feasibility. With this cash infusion, we believe that all the right ingredients are in place for them to execute on their vision.'

While H-Stream is still secretive about their product plan, Prof. Dr. Jan Rabaey, co-director of the Berkeley Wireless Research Center and technical advisor to the Company since its inception, did reveal that 'H-Stream's unique approach overcomes key roadblocks in the development of ultra-low power wireless solutions, delivering both silicon and protocol breakthroughs. I am very excited to be closely involved with the team from the very beginning.'

'We are delighted to have attracted some of the savviest investors in the semiconductor industry,' said Lee Stoian, H-Stream's CEO. 'Our near term focus is on attracting the very best engineers to further strengthen our team to bring H-Stream's vision to reality.' "

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