KISTA, Sweden, July 8 /PRNewswire/ -- Nanoradio today announced that they have
signed an agreement with two new investors, Viking Venture and Creandum, who
together with the current investors, Ferd Venture, Industrifonden, Innovacom,
Nordic Venture Partners, Teknoinvest will fund Nanoradio through its growth
phase.
The Nanoradio Always On WiFi(TM) solution - the NRX700/2 Wi-Fi chipset, which
offers fully tested 802.11b/g functionality, featuring ultra-low power
consumption, has won tremendous customer attraction. With the new investment,
Nanoradio will be well equipped to support its volume growth together with a
more ambitious launch plan of a new line of competitive products.