TEL AVIV, Israel, Sept. 10 /CNW/ - Beam Networks Ltd.
(http://www.beamnetworks.com), an emerging developer of 60 GHz wireless
transceiver technology, announced today that the company has been awarded a
grant totaling approximately NIS 1.6 million ($420,000) from Israel's
prestigious Office of the Chief Scientist (OCS).
This new funding from the OCS will be utilized to support the further
development of Beam's 60 GHz wireless transceiver which is based on combining
silicon germanium RF circuits, an extremely small array of antenna patches and
unique analog beam steering technology.
Avigdor Berlin, Chief Operating Officer of Beam Networks, stated, "We are
extremely pleased to receive this endorsement and support from the Office of
the Chief Scientist. Funding from the OCS will enable Beam's 60 GHz
transceiver technology to play a leading role in future high-capacity wireless
About the Israeli Office of the Chief Scientist and its Grant Application
The OCS selects its recipients on various criteria including the
financial strength of the company, the exceptionality of the company's
innovative technology, the likelihood of market success and the potential of
the company's technology to significantly improve existing products or
About Beam Networks
Beam Networks has developed a unique and innovative 60 GHz wireless
technology capable of supporting multi-gigabit per second data rates. Beams
wireless technology will enable communications and computing products to
transfer gigabits of content in seconds rather than the long wait times
experienced today. Beam has chosen to focus exclusively on developing a 60 GHz
analog universal transceiver. Unique analog beam steering electronics allow
the Beam transceiver to simplify and eliminate costly baseband processing,
leading to an overall lower wireless solution cost. Beams analog beam steering
approach is independent of any particular baseband solution, allowing support
for multiple standards or proprietary approaches. Beam is working in close
partnership with IBM and IMST GmbH to commercialize this wireless solution.
Beam was nominated to become a contributing member of the recently-formed
Wireless Gigabit (WiGig) Alliance which is working towards a 60 GHz standard
for interoperability between computing, communications and consumer devices.
For further information:
For further information: PR Contacts: Stacy Joseph, Beam Networks,
Email: firstname.lastname@example.org, Tel: (647) 837-2181; Melinda DeNicola, Beam
Networks, Email: email@example.com, Tel: (905) 884-5052