Award Recognizes 100 Private Companies in North America That Drive the
Technology Industry's Future; True MIMO Technology Praised for Impact on the
Wireless Industry
PALO ALTO, Calif., May 11 /PRNewswire/ -- Airgo Networks, Inc., pioneer
and world leader of MIMO (multiple input/multiple output) technology, the
foundation for next generation Wi-Fi, today announced that it has been named
one of the Red Herring 100 Private Companies of North America.
"Five years after the dot-com bubble burst, innovation and
entrepreneurship are thriving. The companies on this list are proof," said Red
Herring editor-in-chief Joel Dreyfuss.
Red Herring's lists of private companies are an important part of the
magazine's tradition of identifying new and innovative technology companies
and entrepreneurs. Companies like Google and eBay were spotted in their early
days by Red Herring editors as those that would change the way we live and
work.
Airgo is the only company to conceive, develop and deliver MIMO OFDM
-- the technology at the core of the 802.11n next generation wireless LAN
standard. With the number of wireless consumer electronics devices growing
dramatically over the next few years, Wi-Fi chips will begin to appear in
high-definition televisions, portable media players, PDAs and game consoles.
Home entertainment networks will require increased bandwidth capabilities and
will depend on the MIMO technology behind the 802.11n standard to open the
door to the digital home.
"Being chosen by Red Herring as a Top 100 Company is an honor for Airgo
and an endorsement of the impact Airgo has made in the wireless market," said
Greg Raleigh, CEO and president of Airgo Networks. "Our True MIMO technology
gives consumers access to new levels of convenience, entertainment and utility
from wireless networks. We at Airgo are proud that Red Herring has recognized
our contributions in innovation and creation of important consumer benefits."
Red Herring's editorial staff rigorously evaluated more than 900 private
companies through a careful analysis of financial data and subjective
criteria, including quality of management, execution of strategy, and
dedication to research and development. Red Herring 100 companies will be
presenting their business model and strategy at the Red Herring Spring
conference. Red Herring Spring will take place May 17-19 at the Monterey Plaza
Hotel in Monterey, California.
In addition to this recognition by Red Herring, Airgo and its
revolutionary True MIMO wireless chipset technology have recently been
recognized with multiple industry awards including Network Magazine's
Innovation Award, PC Magazine's Technical Excellence Award, EE Times' Best in
Class Development Team, MobileTrax's Mobility Award for 2005, Fierce Wireless'
Top 15 Emerging Wi-Fi Companies for 2005, and LAPTOP Magazine's Mobile
Innovation Award for Wi-Fi in 2004. According to NPD Techdata, sales of Wi-Fi
products with Airgo's True MIMO chipset have been growing at a 48% monthly
compounded growth rate since the first full month of shipping in the US retail
market and Airgo's products now represent over 7% of Wi-Fi router sales in
North America.
About Red Herring Spring
Red Herring Spring is an invitation-only event for CEOs, select senior
executives, and Venture Capitalists. Themed 'The Dynamics of Disruptions',
Red Herring Spring 2005 will bring together executives from mostly private
companies. These executives will be joined by senior executives from public
companies and Venture Capitalists. Please contact Sean Raman at 650.428.2900
or email sraman@redherring.com if you would like to request an invitation to
Red Herring Spring.
About Red Herring
Red Herring is the weekly magazine technology entrepreneurs, investors and
industry observers read to stay ahead of the curve and to be better informed
about the global marketplace. Red Herring covers technology, innovation,
financial strategies, important personalities and trends that are transforming
the world of business with unique insight, opinion and forward-looking
analysis. Readers turn to Red Herring for knowledge to make strategic
decisions, build companies and create a competitive advantage for their
businesses. Red Herring articles, blogs, research and event information can be
found online at http://www.redherring.com.
About Airgo Networks, Inc.
The founders of Airgo Networks have pioneered a wireless communication
technique known as Multiple Input Multiple Output (MIMO) Orthogonal Frequency
Division Multiplexing (OFDM). A breakthrough in wireless, MIMO OFDM has been
adopted as the foundation for defining the new IEEE 802.11n standard for next
generation Wi-Fi(R). Airgo is first-to-market with 802.11a/b/g-compliant MIMO
enhanced chipset, software and reference design solutions. Airgo's True
MIMO(TM) technology substantially improves performance and reliability,
enabling the most bandwidth-intensive applications and eliminating the need
for wires at home, at work, and in public places. Founded in January 2001, the
company is headquartered in Palo Alto, California, USA. Information about
Airgo Networks is available at http://www.airgonetworks.com.
NOTE: Airgo and the Airgo logo are registered trademarks of Airgo
Networks, Inc. Airgo Networks, True MIMO, and Wireless Without Limits are
trademarks of Airgo Networks, Inc. All other trademarks are the property of
their respective owners.
SOURCE Airgo Networks, Inc.
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Related links:
http://www.redherring.com
CONTACT:
Joe Volat of Airgo Networks, +1-650-475-1983,
or joevolat@airgonetworks.com; or Britt Cutsforth of Sparkpr,
+1-415-962-8200, ext. 271, or britt@sparkpr.com, for Airgo
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