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Money Today : Innowireless, US$8 Million investment from Intel Capital

2007.11.27

Innowireless announced yesterday Intel Capital, a global investment organization, will put
US$8 million into Innowireless, an innovative company in Korea.

With the partnership with Intel Capital Innowireless intend to spread WiMAX in the market.
Intel will also support Innowireless in marketing its solution globally by connecting
Innowireless with service providers, system and device vendors, and other ecosystem
partners.

“This investment will enhance Innowireless’ overall business expansion and contribute to Intel’
s emerging WiMAX ecosystem. The collaboration between two parties will help drive WiMAX
system/device development and sevice deployment in world market” said the sources.

Innowireless had developed the first Mobile WiMAX terminal measurement tool in 2006, and
currently provides wireless network optimization & device measurement tools for wireless
carriers, system vendors, and device vendors.

“Our investment in Innowireless demonstrates Intel Capital’s support of Korean innovation and
our commitment to continue developing WiMAX technologies and furthermore will increase the
growth of IT industry globally.” said Arvind Sodhani, CEO of Intel Capital.

“We are delighted to forge this relationship with Intel Capital. With Intel’s business collaboration
and strategic investment, we will elevate the appeal of our products.” said Jongtae Chung,
CEO of Innowireless.

Intel Capital, Intel’s global investment organization, makes equity investments in innovative
technology companies worldwide. Since 1991, Intel Capital has invested more than US$6
billion in approximately 1000 companies in more than 40 countries.

Reporter, Hyeyoung Jeon

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