Nujira secures a further £10 million of funding for its growth plans
Cambridge, UK, 18 May 2011 – Nujira, the leading developer of technology to reduce power consumption in smartphone transmitters by 30-50%, has secured a further £10 million of funding for its growth plans.
The investment round, led by a new investor, Climate Change Capital Private Equity (CPE) and supported by existing investors Amadeus, NES Partners, Environmental Technologies Fund (ETF) and the angel investors, will reinforce Nujira’s vision to install its Coolteq wideband Envelope Tracking technology into 800 million energy efficient 3G and 4G devices by 2016.
Tim Haynes, Nujira’s CEO, said “The funding will allow the expansion of Nujira’s handset engineering team to support product development and engagements with leading vendors in the global handset market.”
“Nujira has established itself as the market leader in Envelope Tracking and is shipping silicon. We have protected our IP position by building the world’s most extensive and complete portfolio of patents filed or granted covering Envelope Tracking and the implementation of efficient wideband Power Amplifier (PA) transmission systems.”
James Hook of CPE said “Nujira’s technology has a compelling business case coupled with very attractive environmental attributes – a rare and exciting combination. Using Coolteq, the next generation of 3G and 4G smartphones will not only use less power in the transmitter, but will be smaller and cheaper as well. Nujira represents exactly the kind of high growth cleantech investment opportunity that we specialise in supporting.”
Tim Haynes, continued, “It is good to see both new and current investors supporting Nujira’s vision through to profitability. We look forward to welcoming CPE, another experienced, knowledgeable and well connected investor into the company and board. CPE has decided to invest in Nujira after a thorough investigation of our business strategy, technology and product roadmap, management team and future prospects. Moreover, this funding round gives us the resources we need to build on our success and make Coolteq the power optimisation technology of choice in smartphones and other data-oriented devices.”
Nujira announced a second generation handset test chip at Mobile World Congress in Barcelona, in February 2011, as well as the completion of an Envelope Tracking Processor IC for cellular network infrastructure. Nujira’s patent portfolio covers energy efficient Radio Frequency (RF) transmitters in cellular handset, wireless infrastructure and digital broadcast applications across the US, Asia and Europe. The company recently announced the filing of its 100th patent application.
About Environmental Technologies Fund
Environmental Technologies Fund is a £110m venture and growth capital investment fund with a highly-focused mission: “To support and finance fantastic growth companies whose products and services deliver a significant environmental and economic benefit”. ETF provides entrepreneurs with a top-quality investment group in Europe dedicated solely to Cleantech. The team is backed by leading institutional investors and has a great deal of experience gathered over decades of working in growth capital and with environmental companies. ETF is supported by the European Communities Growth and Employment Initiative, MAP - the ETF Startup Facility.
For further information see www.etf.eu.com
Nujira’s mission is to dramatically improve the energy efficiency of transmitters for digital cellular and broadcast applications by reducing the amount of waste energy dissipated as heat in the RF Power Amplifier circuit. Nujira’s High Accuracy Tracking (HAT™) Modulator technology dynamically controls the power supply to the circuit in line with the amplitude of the signal, enabling the creation of highly efficient RF Power Amplifiers for 3G and 4G cellular handsets, base stations, and TV broadcast transmitters.
For further details see www.nujira.com
Nujira Limited, Building 1010
Cambourne Business Park,
United Kingdom, CB23 6DP
Telephone: +44 1223 597900
Fax: +44 1223 597972