PR87284

ZURICH and SAN DIEGO, Dec. 16, 2020 /PRNewswire=KYODO JBN/ --

QuantalRF (https://c212.net/c/link/?t=0&l=en&o=3012072-1&h=3632055909&u=http%3A%2F%2Fwww.quantalrf.com%2F&a=QuantalRF ),

an emerging RF semiconductor company developing transformative wireless

communication solutions, has announced the closing of an oversubscribed Series

B funding round, resulting in CHF17 million / $19 million. The growth equity

round was led by Zürich based Metellus AG and Dara Capital Ltd., alongside

existing shareholders and family offices.

Logo - https://mma.prnewswire.com/media/1121848/QuantalRF_Logo.jpg

The new funding will be used primarily to accelerate the commercialization of

QuantalRF's patented RF front end technologies, expand the engineering team,

and to rapidly scale the product development of 5G/UHB (Ultra High Band) and

Wi-Fi 6/6e front-end IC components.

The funding round builds on an exceptional year for QuantalRF which saw the

addition of a new CEO/CTO, a successful evaluation of its Quantal Amplifier

Technology and received samples for their first Quantal RFIC.

"I am very excited about the direction of QuantalRF and how we are continuing

to shape our Quantal Technology to address the challenges the RF front-end

market is facing," said Dr. Ali Fard, QuantalRF CEO/CTO. "Throughout this year

we have received valuable insights and positive feedback on our technology

through extensive third-party evaluations provided by our partners and

customers. The focus for our next development phase is to address the demand

for integrated RF filters used in wireless standards that require wide bandwidth

while maintaining good wideband performance and very sharp cut-off filtering."

"Our investors not only see the enormous opportunity in the development of next

generation RF front-end, more importantly, they see the advantage and unique

position QuantalRF has to be a disruptive force in driving this market. The

support and confidence shown from our investors is validation of our mission

and of the team we have assembled," said Antonio J. Viana, Executive Chairman.

"The Board of Directors, along with our investment community, are extremely

excited to see QuantalRF move into its next phase of growth and development."

About QuantalRF

QuantalRF is an emerging RF semiconductor company developing transformative

wireless communication solutions to redefine the user experience. As an

innovator of high-performance RF semiconductors, focused on front-end IC parts

such as Power Amplifiers (PA), Low Noise Amplifiers (LNA), on-chip Filters

focused on a wide range of communication systems including Wi-Fi 6/6e and 5G

UHB (Ultra-High Band), QuantalRF is creating novel solutions to address to

emerging connectivity needs of RF wireless systems.

At QuantalRF we are transforming the RF front-end with ultra-compact solutions

rivalling acoustic wave and GaAs performance in highly integrated CMOS-SOI

technology for commercial applications, including millimeter wave. We leverage

our patented Quantal Technology in disruptive RF front-end solutions that

significantly improve area, cost, power consumption and overall performance.

QuantalRF was established based on the inventions of Co-Founder and former NASA

scientist, Dr. Forrest J. Brown.  These inventions developed into our RF front-end

technology known as Quantal Technology. Headquartered in Zürich, Switzerland, with

operations in the USA and Sweden, QuantalRF has an impressive portfolio of over

250 granted patents and applications with broad geographic coverage.

For more information, please visit www.quantalrf.com

SOURCE: QuantalRF

CONTACT: pr@quantalrf.com