U.S. Congress chooses Foxcom Wireless solutions to improve cellular reception

Foxcom Wireless has won a $4.5 million tender from the United States House of Representatives for solutions that improve reception by mobile phone network

A company source told TheMarker.com that Foxcom expects to end 2001 with $12 million revenue, compared with $3 million for 2000. The company is about to complete a $10 million financing round, the sources added.

Foxcom Wireless was spun off from OnePath Networks in 1998. Its technology delivers cellular communications over optical fiber networks, resulting in improved reception and increased capacity applicable to most kinds of cellular technology.

The company's product, called Litenna, facilitates cellular reception in tunnels, parking lots, and skyscrapers. It has been installed in various skyscrapers in Israel, such as the twin Azrieli Towers, Platinum Tower, Ocif Tower, which is the highest in Israel, IBM Tower and the Israeli parliament building (which is not, it should be said, a skyscraper).

In the last quarter of 2000 Foxcom Wireless secured $11.5 million at $57 million post-money company value.

Investors include the Apax Partners group, Israel Seed Partners, Genesis Partners, AIG Orion, Eurofund, STI Ventures, CDB Web Tech, KTB, Dain Rauscher Wessels, and Unico.

Foxcom Wireless is headquartered in Vienna, Virginia, and maintains an R&D outfit in Lod, Israel. The company has 80 employees.

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