More funds for Frontier
Frontier Silicon has closed an investment of several million pounds from Nokia Venture Partners
The new funding will allow Frontier Silicon to further develop its market-leading products for DAB digital radio and digital television and strengthen its development team. Anthony Sethill, CEO of Frontier Silicon, said: "This is an important step for us, and we are extremely pleased to have Nokia Venture Partners as an investor".
" This investment will re-enforce our position in the market - we were first to develop and deliver complete turnkey systems for digital radio and TV comprising chips, software, intellectual property (IP) and modules, and now we are developing next generation products and systems to maintain our market lead".
Antti Kokkinen, General Partner at Nokia Venture Partners added: "We are excited by the growing market for digital multimedia technology, and impressed by the market dominance that Frontier Silicon has already achieved, becoming a significant part of the DAB digital radio revolution in Europe and Asia; with more and more countries adopting new digital broadcasting technologies, we also see excellent prospects for the company in other digital multimedia segments beyond DAB".
Frontier Silicon was established in 2001, and is privately funded.
Key shareholders include Apax Partners and Alta Berkeley, as well as Digital One, operator of one of the world's largest DAB digital radio networks, and Imagination Technologies, a leading supplier of semiconductor intellectual property for the multimedia and communications market.
? Frontier Silicon: contact details and other news
? Email this article to a colleague
? Register for the free Electronicstalk email newsletter
? Electronicstalk Home Page
Related Business News
Taiwan stocks end down in biggest...
...drop in over 1 yr. Taipei, July 27 (Reuters) - Taiwan shares fell 4.22 percent on Friday to their lowest close in three weeks, marking their largest one-day percentage drop in more than a year, after a sell-off on Wall Street hurt big exporters such as TSMC .
Nippon Oil Aug refining seen flat, eyes Sudan crude
Tokyo, July 27 (Reuters) - Japan's top oil refiner Nippon Oil Corp. will keep its August processing volumes steady versus a year ago to meet summer gasoline demand and is seeking more Nile Blend crude to meet higher utility use.
Fluor Gains Eastman Chemical Gasification Plant Feed Work
Fluor Corporation announced today that it was selected by Eastman Chemical Company to provide front-end engineering and design work for a $1.6 billion gasification project along the Texas Gulf Coast.
Migao Corporation Secures Preferential Natural Gas Prices
Toronto, Ontario-- - Migao Corporation , a leading producer of specialty potash fertilizers for the Chinese market, is pleased to announce that it has negotiated preferential natural gas prices in Sichuan Province from China Petroleum & Chemical Corpora
South Korean envoy to meet Afghan...
...president over hostage crisis. A Seoul presidential envoy heading to Afghanistan will seek an urgent meeting with President Hamid Karzai to try to save 22 South Koreans kidnapped by the Taliban, officials said.