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Motorola Ventures Invests in CopperGate Communications; Global Communications Leader Backs Wireline Multimedia Home Networking with Strategic InvestmentTEL AVIV, Israel & LAS VEGAS, Nev. --(Business Wire)-- Jan. 4, 2006 -- Today at the CES (Consumer Electronics Show), CopperGate Communications, a leading supplier of chipset solutions for multimedia home networking, announced that Motorola Ventures, the equity investment arm of Motorola (NYSE:MOT) made an investment in the company. The investment was made as part of a $14.5M round led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and the Challenge Fund. "CopperGate's technology brings a compelling new approach to the distribution of IP video content seamlessly throughout the home by leveraging existing wires," said Matthew Growney, managing director of Motorola Ventures. "CopperGate's offering complements Motorola's strategy to offer multiple home media networking solutions to its customers." "Motorola's investment in CopperGate validates our technology," said Shai Saul, Chairman of CopperGate's Board of Directors and Managing General Partner of Tamir Fishman Ventures. "Motorola and CopperGate share a common vision and focus -- provide the best solution to IPTV customers in one of the most exciting market opportunities in the communications landscape: the Connected Home." CopperGate's CEO, Gabi Hilevitz added, "We are very pleased to have Motorola Ventures as a strategic investor in the company. We intend to leverage the additional funds and the strategic relationship with Motorola to expand the international recognition for our home networking technology and further establish our solutions as the preferred choice for in-home multimedia content distribution by service providers and consumers." About Motorola Ventures Motorola Ventures (MV) is the global, strategic equity investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorola.com/ventures. About Motorola Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, on the go. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com. About CopperGate CopperGate Communications develops chipsets designed to revolutionize home networking, providing the only currently available standards-based technology for multimedia networking in the home without requiring any new wires. CopperGate works with the world's leading system manufacturers to deliver the only products that operate over both phone lines and coax cables on a single network enabling consumers to conveniently connect equipment to broadband services throughout the home. CopperGate's products have been field tested and selected by leading service providers as key components for their triple play deployment solutions. Founded in 2000, CopperGate is headquartered in Tel Aviv, Israel, with offices in Newark, California, Taiwan and Tokyo. For more information, please visit www.copper-gate.com. -0- *T Reader Contact Information: Motorola Juli Burda, Motorola, Inc., 847-538-5625, [email protected] Paul Alfieri, Communications & Public Affairs, MOTOROLA, Inc. -- Connected Home Solutions, 101 Tournament Drive, Horsham, PA 19044; 215-323-1804 (office), 609-575-8835 (mobile), 215-323-0245 (fax); Email: [email protected]; SMS: [email protected]. CopperGate North American Office: CopperGate Communications Inc., 39899 Balentine Drive, Suite 200, Newark, CA 94560, Tel: 510-438-6829, Fax: 510-438-6808, www.copper-gate.com. Israel Office: CopperGate Communications Ltd., 34 Habarzel Street, Tel Aviv 69710, Israel, Tel: +972 3-644-4488, Fax: +972 3-644-6253. Japan Office: CopperGate Communications Japan, 5F, Nisshin Bldg., 1-8-27 Konan, Minato-ku, Tokyo, Japan, Tel: +81-3-5462-9644, Fax: +81-3-5462-2047. *T CopperStream, CopperGate, CopperGate Communications, and the CopperGate Emblems are trademarks or registered trademarks of CopperGate in the U.S.A. and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners. |
