SOURCE: Axiom Microdevices Inc.

February 08, 2007 08:00 ET

Axiom Microdevices Secures $25 Million Funding

Developer of CMOS-Based Power Amplifiers for the Cellular Telephone Market Will Use Capital Infusion to Fund Production Ramp and New Product Roadmap

IRVINE, CA -- (MARKET WIRE) -- February 8, 2007 -- Axiom Microdevices Inc., provider of fully integrated complementary metal oxide semiconductor (CMOS) power amplifiers (PA), today announced that it has secured $25 million in Series C funding.

This funding will be used by Axiom Microdevices to ramp production of its first-generation CMOS PA devices and to further develop its roadmap of innovative and highly integrated products.

Axiom's $25 million financing round was led by Tallwood Venture Capital. Each of the major existing investors, including U.S. Venture Partners, Anthem Venture Partners, VentureTech Alliance and Tallwood, increased their investment in the company.

"This commitment from such an esteemed group of investors demonstrates strong support for Axiom's talented team and market opportunity," said Brett Butler, chief executive officer, Axiom Microdevices. "We are providing handset manufacturers with the time-tested advantages of mainstream CMOS through integration, which can only be achieved with Axiom's technology."

"CMOS integration has been instrumental in driving down the cost of cellular handsets over the past 10 years. Handset makers must continue to fully utilize mainstream CMOS if they are to satisfy cost and supply continuity needs," said Ron Yara, general partner, Tallwood Venture Capital. "We are convinced that the use of Axiom's fully integrated CMOS PA products and technology will prove to be a watershed moment for the industry."

About Axiom Microdevices Inc.

Founded in 2002 with patented breakthrough technology developed at the California Institute of Technology, Axiom Microdevices Inc. is the first company to use commodity complementary metal oxide semiconductor (CMOS) processes to produce fully integrated power amplifiers for the cellular telephone market. This technology creates significant breakthroughs in cost reduction and integration. The company has assembled a diverse team of recognized leaders who are focused on providing the best product with the highest quality and support to its worldwide customer base. For more information on Axiom Microdevices, visit www.axiom-micro.com.

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