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GEIF VENTURES MATCHES BUSINESS ANGELS WITH A £100,000 CO-INVESTMENT IN ARTIMI LIMITED October 2003, Cambridge UK. GEIF Ventures, a £2.5 million fund set up in April 2003 to co-invest alongside business angels has announced that it is to invest £100,000 into Artimi Limited alongside Great Eastern Investment Forum (GEIF) members and other parties. Based in Cambridge, Artimi Ltd is a fables semiconductor company developing silicon solutions for wireless connectivity based on ultra wideband (UWB) technology. UWB is a wireless communication technology that differs fundamentally from all other radio frequency communication. It is unique in that it achieves wireless connections without using an RF carrier. Instead, UWB uses modulated pulses of energy less than one nanosecond in duration. "UWB is considered the next wave in wireless technology," stated Jack Lang, CEO of Artimi, "capable of surpassing existing technologies such as Bluetooth and 802.11, by delivering many times higher data rate with minimal power requirements and greater spatial capacity. "We are delighted to have received funding from GEIF Ventures and GEIF angels. Combined with the financial muscle of our other investors, it will allow us to continue the successful development of our products." Says Nigel Brown: "I am particularly pleased to see so many members of the Cambridge business community coming together to invest in Artimi and develop its technology. This clearly demonstrates the advantages of clustering." The Cambridge office of Mills and Reeve acted as legal advisors on the transaction. For more information on GEIF Ventures, please contact Max Bautin at GEIF Ventures on 01223 357131
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