GainSpan Receives Strategic Investment From In-Q-Tel
September 10th, 2009
Reuters (PRNewswire): LOS GATOS, Calif., Sept 10 /PRNewswire/ -- GainSpan((R)) Corporation, a leader in low power Wi-Fi semiconductor solutions, announced a strategic investment and technology development agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the mission of the broader U.S. Intelligence Community. GainSpan provides the lowest power consuming Wi-Fi single chip solution for wireless sensor networks and other embedded applications, enabling devices to run for up to ten years on a single AA battery.
"GainSpan's innovative technology helps address critical technology needs of the U.S. Intelligence Community," said Troy M. Pearsall, Executive Vice President of Architecture and Engineering at In-Q-Tel. "The power requirements of Wi-Fi have traditionally limited its application in sensor networks, but GainSpan's low power Wi-Fi devices enable new classes of solutions that will provide key technology capabilities to both the government and commercial markets."
"Our strategic agreement with In-Q-Tel ensures that the U.S. Intelligence Community has easy access to GainSpan technology," said Vijay Parmar, President and CEO, GainSpan. "Also, as a member of In-Q-Tel's technology partner portfolio, In-Q-Tel provides us introduction to other portfolio companies where there are opportunities for knowledge-sharing and co-development."
GainSpan's low power technology applied to ubiquitous Wi-Fi allows its customers to leverage the very large installed base of Wi-Fi access points and devices, as well as existing tools and knowledge investments, to create many new products for security and access control, temperature and occupancy monitoring, and asset and people tracking.
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