PR95857

LONDON, and TORONTO, May 11, 2022 /PRNewswire=KYODO JBN/ --

- San Jose office will support North American key partners, business, and

operations

Alphawave IP (LN: AWE), a global leader in high-speed connectivity for the

world's technology infrastructure, announced today the opening of its new

office in San Jose, California – marking the launch of its presence in the

United States.

Alphawave expects the US office to grow to more than 40 employees by the end of

the year, with the majority of employees in sales roles. The onsite laboratory

will showcase the company's most advanced technology from its IP cores and

interface controllers to a demonstration of 100G-1.6Tbps data transfer.

"With the vast majority of our customer base in North America – and

specifically in the United States – Silicon Valley is the natural choice for

our new flagship North American office," said Tony Pialis, CEO, president, and

co-founder of Alphawave. "Our San Jose office will expand the company's

footprint in Silicon Valley and our ability to support customers in North

America. The new office will also feature an enhanced laboratory facility to

demonstrate our latest connectivity solutions with key partners in the

industry."

Alphawave's new Silicon Valley office follows the company's 2021 annual

earnings report (

https://c212.net/c/link/?t=0&l=en&o=3529010-1&h=2056173793&u=https%3A%2F%2Fwww.awaveip.com%2Fen%2Fnews-views%2Ffull-year-2021-results-and-q1-2022-trading-update%2F&a=2021+annual+earnings+report

) with over 225% year-on-year growth and its agreement to acquire OpenFive (

https://c212.net/c/link/?t=0&l=en&o=3529010-1&h=1097921931&u=https%3A%2F%2Fwww.awaveip.com%2Fen%2Fnews-views%2Falphawave-ip-announces-definitive-agreement-to-acquire-entire-openfive-business-unit-from-sifive-for-us-210m-in-cash%2F&a=agreement+to+acquire+OpenFive

) – which will accelerate Alphawave's connectivity leadership, product

offerings, and customer base. Alphawave's vision is to power the world's

infrastructure to make data transfer faster, more reliable, and efficient for

everything from 5G wireless networks, hyperscale data centers, AI, and other

emerging applications.

Alphawave has about 170 employees worldwide and plans to continue global

expansion through its OpenFive transaction and customer growth. The company

will also open a second Silicon Valley office in Milpitas in 2022, pending its

OpenFive acquisition.

About Alphawave IP

Faced with the exponential growth of data, Alphawave's technology services a

critical need: enabling data to travel faster, more reliably and with higher

performance at lower power. Alphawave is a global leader in high-speed

connectivity for the world's technology infrastructure. Our IP solutions,

therefore, meet the needs of global tier-one customers in data centers,

computing, networking, AI, 5G, autonomous vehicles, and storage. Founded in

Toronto, Canada in 2017, by an expert technical team with a proven track record

in licensing semiconductor IP, our mission is to focus on the hardest-to-solve

connectivity challenges. To find out more about Alphawave IP, visit: awaveip.com

Trademarks

All registered trademarks and other trademarks belong to their respective

owners.

Media Contact: Wynton Yu, Gravitate PR for Alphawave IP,

alphawave@gravitatepr.com

Photo -

https://mma.prnewswire.com/media/1812566/Alphawave_IP_Group_Plc_Alphawave%C2%A0Launches_US_Presence_with_New_S.jpg

SOURCE  Alphawave IP Group Plc