Israeli chipmaker

BrightCom Technologies

has formed a development and manufacturing alliance with Smart Modular Technologies, a subsidiary of Solectron Corp (NYSE: SLR).

The firms are to create communication products incorporating BrightCom's Bluetooth wireless technology. The products, which should be ready to market by the third quarter of 2001, will provide short-range wireless connectivity to various devices at a low cost, said a company statement. The deal is worth several million dollars to BrightCom and the alliance also has great strategic value for the firm, said its Founder, President and CEO Yuval Ben-Ze'ev.

Ben-Ze'ev established BrightCom in 1998. The company develops and manufactures advanced wireless silicon-based communications solutions and applications according to the Bluetooth criteria, which is a set of wireless protocols established by a consortium of firms including

Ericsson

(Nasdaq:ERICY).