SOURCE: Xtendwave

August 14, 2007 10:00 ET

Xtendwave Debuts Broadband Technology That Reaches the 'Last Mile' of Geographically Isolated Households

Company Launches and Brings Product to Market With $10 Million in First Round Financing

DALLAS, TX and DENVER, CO--(Marketwire - August 14, 2007) - Xtendwave, a technology company dedicated to changing the economics of delivering broadband signals over existing telecommunications networks, today announced the launch of a new technology that extends the reach of broadband signals on copper networks by several miles.

"Every household that currently has a dial tone can be served with an affordable broadband connection," said Mort Aaronson, chairman of Xtendwave. "We are extending the reach, relevance and lifespan of existing copper networks. There is no reason to believe that all of these wires need to be ripped up and replaced by fiber optics."

Third-party testing in Sept. 2006 demonstrated that Xtendwave can deliver 1.5 Mbps over standard copper lines at 20,000 feet from a central office. This allows Xtendwave to deliver over 200 Kbps at distances beyond 27,000 feet reaching more than 99 percent of the households in the United States.

"Telecommunications service providers and equipment manufactures are in conversations with us to discuss deploying Xtendwave's technology," said Aaronson. "The response to innovations that benefit the legacy copper infrastructure is overwhelmingly positive. We're out to prove that copper has a bright future, and we're innovating for a future that includes broadband for last-mile households."

Xtendwave recently completed its A round of financing with approximately $10 million in private equity and debt, and it put in place a new management team early this year. Prior to joining Xtendwave, Aaronson helped Denver become the first U.S. city to close the digital divide as CEO of Ricochet, an affordable wireless Internet Service Provider for consumers. Marc Landry, Xtendwave CEO, has more than 18 years leadership experience in the technology and semiconductor memory sectors with companies including Texas Instruments and Go Figure Technology.

About Xtendwave

Xtendwave is a technology company dedicated to eliminating the digital divide in the U.S. and throughout the world by extending the reach and quality of broadband signals over existing telecommunications networks. The company licenses its patented wavelet technology to extend data signals farther and more affordably than previously possible. The company has plans to develop technology that supports increased broadband penetration across copper, wireless, cable and fiber optic networks. Xtendwave was founded in 2001. The company is headquartered in Dallas and Denver. For more information visit www.xtendwave.com

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