San Diego, CA (News - Alert)-based 80 GHz wireless backhaul solutions provider E-Band Communications Corp. has secured new funding to develop next-generation small cell wireless backhaul system for 4G LTE (News - Alert) networks. However, financial details of the funding, as well as the source, were not disclosed. But, media reports indicate that the investment came from a new investor in the telecom industry.
According to E-Band, small cells are becoming increasingly important in the wireless space as widespread demand for bandwidth continues to be driven by smartphones, tablets, laptops, ultra books and other multimedia devices.
Small cells, which consist of compact wireless base stations connected to small wireless backhaul systems, will be deployed as part of 4G networks across the globe to provide performance and capacity uplift to help ease network congestion and the backhaul bottleneck created by this rapidly growing bandwidth need, said E-Band.
In a statement, E-Band CEO Sam Smookler said, “Compact size, affordability and bandwidth delivery are the ingredients that network service providers and mobile carriers are looking for.”
“E-Band’s track record of delivering over 5,000 millimeter-wave 80 GHz wireless terminals with outstanding proven network reliability positions us well for addressing the burgeoning 4G/LTE market along with its small cells,” noted Smookler.
Smookler indicated that the new funding will help boost E-Band’s global lead in the small cell wireless space. “We are delighted to add a new strategic investor from the telecom community into our investor family,” he added.
Existing investors in the company include Avalon Ventures, Hercules Technology Growth Capital, Sprint Nextel Corp., Reliance ADA Group, ADC Telecommunications (News - Alert), Investec, Express Ventures, and OpenAir Ventures.
Edited by Jennifer Russell