WISPRY SECURES INVESTMENT FROM IN-Q-TEL
New Investment Fuels growth of RF-MEMS technology into Consumer-based Wireless Products
April 12, 2005
Irvine, CA
Wispry, Inc., developer of low-cost, high-performance tunable radio frequency (RF) components and modules for the wireless industry, today announced is has signed a strategic investment and development agreement with In-Q-Tel, a private venture group funded by the Central Intelligence Agency (CIA).
"We are pleased to announce this new investment by In-Q-Tel which further validates the disruptive nature of our technology in a variety of RF-related fields," said Jeff Hilbert, president, CEO and co-founder of Wispry. "Our MEMS-based products reduce space, power consumption and cost while simultaneously attaining outstanding RF performance, adaptability and agility. This new investment will enable us to get these innovative products to market quicker, benefiting high volume, high performance applications that focus on wireless and broadband communications, including consumer-based wireless products such as cellular phones, wireless base stations, local and wide area wireless networking equipment and cable modems, as well as a growing number of industrial and commercial applications."
"Wispry's technology offers unique tunable RF technology," said Gilman Louie, President and CEO of In-Q-Tel. "In-Q-Tel is excited about its partnership with Wispry and their promise of significant developments in the production and sales of its ground-breaking RF micro-electro-mechanical systems (RF-MEMS) tunable filter and RF switch products, that will be beneficial to the government and commercial markets."
About Wispry Inc.
Wispry, headquartered in Irvine, Calif., designs and markets hardware components and modules to radio frequency (RF) system manufacturers of voice and data communications and acquisition products. Utilizing the Company's core competency in RF micro-electro-mechanical systems (RF-MEMS) technology, Wispry's products enable system designers to achieve the architectural innovation required for the growing diversity of mobile and fixed electronic applications and networks. Current investors include Tech Coast Angels, Blueprint Ventures, American River Ventures, Sid R. Bass Associates and Shepherd Ventures. For more information, visit www.wispry.com.
About In-Q-Tel
In-Q-Tel was established in 1999 to identify and deliver transformative technologies to the CIA and the Intelligence Community. In-Q-Tel's mission is to identify and help solve some of the toughest challenges faced by the Central Intelligence Agency and the Intelligence Community. In-Q-Tel leverages the creativity of the private sector, academia and national labs to seize new opportunities, to see problems differently, and to solve them in new ways. Learn more at www.in-q-tel.org.
