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Home > News Room > NEC MAKES STRATEGIC INVESTMENT IN KINETO WIRELESS

NEC MAKES STRATEGIC INVESTMENT IN KINETO WIRELESS

 

***For immediate use September 22, 2008


Tokyo, Milpitas, Calif., 22 September, 2008 – NEC Corporation (NEC), a leading provider of 3G infrastructure and handsets, internet, broadband network and enterprise business solutions, together with Kineto Wireless, Inc., a key innovator and leading supplier of FMC solutions for mobile operators, announced today that NEC will contribute in strategic funding to Kineto Wireless.

“Kineto’s industry leading FMC solutions enable mobile operators to extend voice and data services over broadband access networks, thus harnessing the power of the Internet to lower service delivery costs while improving mobile coverage and performance,” said Tadatoshi Fujiwara, general manager of NEC’s Mobile Network Solutions Division. “Kineto’s FMC solutions are currently enabling mobile operators around the world to deliver a variety of new revenue generating FMC services, including dual-mode handsets, femtocells, terminal adaptors, softmobile clients and more. We are very excited about this strategic investment, which facilitates NEC’s aim for the leading global femtocell position.”

“Continued strong growth in UMA-based dual-mode handset and terminal adaptor deployments, combined with tremendous operator interest in femtocells, highlight the FMC imperative for mobile operators globally,” said Rick Gilbert, president and CEO of Kineto Wireless. “We are delighted to have the support of a leader in the mobile industry such as NEC as we continue to capitalize on our leadership position in the FMC market.”





About NEC Corporation
NEC Corporation is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of a diversified global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC website at: http://www.nec.com.


About Kineto Wireless
Kineto Wireless is the key innovator and leading supplier of FMC (fixed-mobile convergence) solutions for mobile operators. Kineto supplies software solutions to major mobile infrastructure and device vendors that enable the development of products compliant with the 3GPP UMA/GAN and upcoming HNB standards, including UMA Network Controllers, Femto Gateways, dual-mode handsets, femtocells, terminal adaptors and softmobiles. Kineto customers and partners include NEC, Motorola, Samsung, LG Electronics, HTC, Qisda, Qualcomm, Texas Instruments, Infineon, ST-NXP, Linksys, Ubiquisys and Netgear. For more information about Kineto, please visit http://www.kineto.com. For more information about FMC service deployments, products, and standards, please visit http://www.UMAToday.com.

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Media Contacts:

NEC
Akiko Shikimori
NEC Corporation
+81(3) 3798-6511
E-Mail:a-shikimori@ay.jp.nec.com

Joseph Jasper
NEC Corporation
+81(3) 3798-6511
E-Mail:j-jasper@ax.jp.nec.com

Kim Hollingdale
NEC Europe
44 (0)20 8752 2796
E-Mail:kim.hollingdale@eu.nec.com

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