GainSpan Receives Strategic Investment from In-Q-Tel
Investment Brings Ultra-low Power Wi-Fi Technology to the U.S. Intelligence Community
LOS GATOS, CA – September 10, 2009 – GainSpan® 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.
GainSpan Corporation, a spinoff of Intel Corporation, is a leader in ultra low power Wi-Fi semiconductor solutions. GainSpan provides the industry's lowest power consuming Wi-Fi single chip solution for battery-powered or energy-harvesting sensor devices and other embedded systems. Devices using GainSpan’s solution can run for up to 10 years on a single AA battery. GainSpan enables its customers to leverage the large installed base of Wi-Fi access points and devices and create new products for building automation, smart home energy, health monitoring, and real time location system (RTLS) applications, while reducing the overall operation and installation costs of sensor networks. www.gainspan.com.
In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the mission of the U.S. intelligence community. Launched by the CIA in 1999 as a private, independent organization, In-Q-Tel’s mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the intelligence community’s critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and the larger intelligence community. In-Q-Tel concentrates on several broad commercial technology areas, including applications software and analytics; bio, chemical, and nanotechnology; communications and infrastructure; digital identity and security; and embedded systems and power. To date, In-Q-Tel has engaged with more than 140 companies and delivered more than 240 technology solutions to the intelligence community. To learn more about In-Q-Tel, visit www.iqt.org.