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News
Issue #2003 - 14 (April 2003)
(Updated Apr. 23, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

Dilithium Networks Secures $10MIn series B Funding

Larkspur, CA.-April 22, 2003-Dilithium Networks, a leading provider of wireless multimedia solutions including voice and video transcoding gateways, announced today that it has closed $10M in Series B funding. 

Motorola, Inc., through Motorola Ventures its venture capital arm, and JAFCO Asia, one of the largest venture capital funds in Asia, invested in this second round of funding. Dilithium Networks' previous investors also participated in the financing, including Ericsson Technology Fund, Deutsche Bank Capital Partners, and CM Capital. The new capital will be utilized to expand global sales and support efforts, as well as to support ongoing research and development efforts.

"This funding represents an important milestone for Dilithium Networks and it will enhance our ability to support our growing global customer base" said Paul Zuber, Chief Executive Officer of Dilithium Networks.

Dilithium Networks' flagship product, DCT 2000, which incorporates the company's patent-pending Unicoding technology, is the first carrier-class, high density multimedia gateway allowing connectivity between 3G-324M based wireless networks and H.323 based packet networks.. 

"We believe that Dilithium Networks' Unicoding technology may have far-reaching potential in the 3G space" said Warren Holtsberg, Motorola Corporate Vice President and Director of Motorola Ventures. "Motorola Ventures views Dilithium Networks as a key player in driving multimedia services over 3G networks."

About Dilithium Networks
Dilithium Networks is the leading provider of solutions for interconnecting networks and terminals to enable seamless, efficient transport of voice and video. The company's products include Multimedia Transcoding Gateways, 3G-324M protocol analysis test tools, and Protocol Stacks. Dilithium Networks' global customer base includes network equipment suppliers, terminal manufacturers, and mobile operators. Dilithium Networks is headquartered in Larkspur, California near Silicon Valley.

Dilithium Networks and Unicoding are registered in the US Patent & Trademark Office. All other product or service names are property of their respective owners.

Source: Dilithium Press Release
For more information: http://www.dilithium.com

MobileInfo Comments and Advisory: Dilithium has a unique multimedia gateway for connecting H.323 compatible devices. While the enduser applications will take a while, the carriers must equip their networks to starts providing this capability now. 

 Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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