Monday, 20 November 2017

Magnolia Broadband Receives $3 Million From SCP Partners

ENGLEWOOD, N.J.--()--Magnolia Broadband, the inventor of Adaptive Antenna Systems (AAS), a “Beam-forming” technology for wireless smartphones and tablets, said today it has secured $3 million in funding from individual and institutional investors, led by SCP Partners. Magnolia Broadband will use the funding for further development of its AAS technologies for smartphones, tablets, small 3G/4G base stations and Wi-Fi access points.

Osmo Hautanen, Magnolia Broadband’s CEO, said, “With global mobile data traffic forecasted to increase 26-fold over the next 5 years driven by video and multi-media data traffic, Magnolia Broadband’s solutions provide enhanced real time HD video and multimedia experiences which will broaden the range of applications and services that can be shared, creating a highly enhanced mobile broadband experience.” Hautanen added, “SCP Partners has been an outstanding supporter of Magnolia Broadband since its inception. With this additional capital, Magnolia Broadband will further solidify its leadership position by expanding its patent portfolio and advance licensing efforts with wireless network operators around the globe.”

“Magnolia Broadband has been on the forefront of developing technologies which offer significant benefits for both wireless carriers and consumers on quality of service providing faster data throughput, better coverage and wider range both on macro wireless networks as well as Wi-Fi coverage areas," said Yaron Eitan, Chairman of the Board of Magnolia Broadband, Inc., and a Partner at SCP Partners, the company’s largest shareholder, and President of Selway Capital. Furthermore he added, “Magnolia Broadband’s technologies have been valued by leading companies such as Google which acquired over 50 of its patents in 2012.”

http://eon.businesswire.com/news/eon/20130708006316/en/Magnolia-Broadband/SCP-Partners

Intel, Google ink patent deals with InterDigital, Magnolia Broadband....... by: Rik Myslewski

Both Intel and Google started the week in acquisitive modes, with the former announcing a massive $375m patent deal with InterDigital, and the latter acquiring over 50 patents from Magnolia Broadband for an unspecified amount.  It appears that the mobile-broadband patent wars are not only continuing to churn the tech world, they're also continuing to cause big money to change hands among big players.

"These patents will support Intel's strategic investments in the mobile segment," said Chipzilla's general counsel Doug Melamed about his company's Monday move. "The addition of these patents expands our already large, strong and diverse portfolio of intellectual property."

Over in Warren, New Jersey, Magnolia Broadband's CEO Osmo Hautanen offered his opinion of Google's largesse, saying, "We believe that Google's acquisition of our more than 50 Mobile Transmit Diversity beam forming technology patents underlines the need for such a technology in mobile broadband devices."

The MTD patents, which Magnolia Broadband developed in a research and testing effort of over a decade, cover technologies to increase spectrum utilization, expand coverage, improve uplink transmission speeds, and improve mobile devices' battery life.

Interestingly, although the MTD patent portfolio was acquired by Google, Hautanen noted that "The software, which can be embedded into any mobile broadband device remains the property of Magnolia Broadband and will be made available to mobile device vendors and chipset companies."

Magnolia board chairman Yaron Eitan chimed in on this point as well, saying, "We look forward to deployment of this innovative technology in smart phones, tablets and other mobile broadband devices, to provide faster data throughput, better coverage and wider range."

One can only assume that there is many a hurried discussion this Monday morning among the legal teams at Apple, HTC, Samsung, and others about the murky mobile-broadband patent landscape. And as Intel continues its deep-pocket efforts to move into the mobile market, odds are that ARM's corner offices are abuzz, as well.

Google Buys Mobile Transmit Diversity Patents From Magnolia Broadband

Google has acquired over 50 patents from Magnolia Broadband, according to an announcement from the latter. Specifically, Google has acquired Magnolia’s beam forming Mobile Transmit Diversity (MTD) patents.
The patents cover methods for increasing spectrum utilization, expanding coverage, improving uplink transmission speeds at the cell edge, and improving device battery life, Magnolia says.
These could complement the patents Google acquired with its acquisition of Motorola Mobility.
“We believe that Google’s acquisition of our more than 50 Mobile Transmit Diversity beam forming technology patents underlines the need for such a technology in mobile broadband devices,” said CEO Osmo Hautanen. “The software, which can be embedded into any mobile broadband device remains the property of Magnolia Broadband and will be made available to mobile device vendors and chipset companies.”
“This transaction is a milestone for Magnolia Broadband,” added Yaron Eitan, Chairman of the Magnolia Broadband’s Board. “It provides a return to our investors and funding for continued development of Magnolia’s MTD technology. We look forward to deployment of this innovative technology in smart phones, tablets and other mobile broadband devices, to provide faster data throughput, better coverage and wider range.”
Terms of the deal were not disclosed.

Magnolia Broadband's Patent Portfolio Acquired by Google

IP rights to benefit Google in the mobile space; Proceeds to help finance on-going R&D by Magnolia Broadband

WARREN, N.J., Jun 18, 2012 (BUSINESS WIRE) -- Magnolia Broadband, Inc. has sold its beam forming Mobile Transmit Diversity ("MTD") patent portfolio to Google, Inc. GOOG +1.30%  . This patent portfolio is derived from over a decade of research, development, and testing, and covers methods for increasing spectrum utilization (network capacity), expanding coverage, improving uplink transmission speeds at the cell edge, and improving device battery life.
Osmo Hautanen, CEO of Magnolia Broadband, said; "We believe that Google's acquisition of our more than 50 Mobile Transmit Diversity beam forming technology patents underlines the need for such a technology in mobile broadband devices." Mr. Hautanen further explained Magnolia Broadband's continued vision: "The software, which can be embedded into any mobile broadband device remains the property of Magnolia Broadband and will be made available to mobile device vendors and chipset companies."
Yaron Eitan, Chairman of the Board of Magnolia Broadband, Inc. and a Partner in SCP Partners, the company's largest shareholder, said: "This transaction is a milestone for Magnolia Broadband. It provides a return to our investors and funding for continued development of Magnolia's MTD technology. We look forward to deployment of this innovative technology in smart phones, tablets and other mobile broadband devices, to provide faster data throughput, better coverage and wider range."