Gabriel News
SkyCross Receives $2 Million Investment from
Gabriel Venture Partners
Leader in wideband and multimode antennas expands growth
MELBOURNE, Florida, August 17, 2004 – SkyCross, a leading developer of advanced wireless antenna solutions, announced that it received a $2 million investment from Gabriel Venture Partners this month. Gabriel is an esteemed early-stage venture capital firm that specializes in wireless as one of its target investment sectors.
This investment comes in the wake of SkyCross’ partnership with SK Telecom, and a string of design successes in the wireless market place. SK Telecom has invested in SkyCross as well. SkyCross will use the funding to accelerate the growth of its design and production capabilities while continuing to expand in global markets.
“There is great potential in the high performance antenna industry as the growing family of wireless mobile devices continues to flourish,” said Dr. Chris Morton, CEO of SkyCross. “We are pleased that a high-caliber investor such as Gabriel recognizes the importance of our innovative antennas and look forward to working with them.”
"SkyCross’ breakthrough antenna innovation not only improves the reception but also reduces the size and increases the battery life of cell phones,” said Scott Chou, a general partner of Gabriel Venture Partners. “We remain committed to our investment thesis around power and form factor innovations as strategic imperatives for mobile wireless, and SkyCross is an excellent representative investment in this area." Gabriel is in the process of completing several other complementary investments in this field.
In conjunction with the financing, Scott Chou will join the Board of Directors. Mr. Chou specializes in disruptive technologies and has extensive experience working with early-stage technology ventures both as a venture capitalist and as an entrepreneur. Mr. Chou serves on a number of boards, including NextG Networks and Ondax.
About SkyCross
SkyCross is a leading developer of next-generation RF technology for mobile and fixed wireless telecommunications, telematics, satellite, and mobile computing markets. SkyCross' antenna solutions are based on patented Meander Line Antenna technology that allows engineers to design high performance, multi-mode, multi-frequency antennas that can be hidden inside a mobile casing, have a very low radiation profile, and offer much better gain characteristics over existing solutions. Typical applications for the antennas include handsets, laptop computers, PDAs, automobiles, household electronics and base stations. SkyCross was launched in late 2000 by MILCOM Technologies and enVia, and was based on technology developed by BAE Systems. For details, please visit www.skycross.com.
About Gabriel Venture Partners
Gabriel Venture Partners® is a hands-on, early-stage venture capital firm with more than $260M under management across its offices in Silicon Valley and the Mid-Atlantic. Gabriel’s team of investors leverage their combined operating experience to actively partner with portfolio companies and provide value through customer and partner introductions, as well as assistance with go-to-market strategy and positioning. Gabriel focuses on specific sectors of information technology, including wireless, disruptive technologies, infrastructure software & systems, and enterprise software and services. Representative investments include Placeware (acquired by Microsoft), IPWireless, and Netscaler. For more information, please visit: www.gabrielvp.com.
Media Contacts:
Sara Jackson
Edelman PR
(321) 722-9788
Sara.Jackson@edelman.com
Gabriel Venture Partners
(650) 551-5000
PR@GabrielVP.com