Investment
Coresonic AB, of Linkoping, Sweden, a specialist in baseband processor internet protocol technology, has raised €1 million from Industrifonden, enabling the company to market its LeoCore technology into the WiMAX market.
At the same time Coresonic announced that it has appointed Rick Clucas, an industry veteran with over 22 years’ experience, as its CEO. “WiMAX is shaping up to be a major new technology and we are ready to provide a modem baseband processor that significantly cuts the power consumption and die size while providing the flexibility that WiMax and other complex wireless standards need,” said Clucas.
TheWiMAX standard is still evolving and, as a result, there are several different variants. Accommodating several of these in one hardwired design results in large die sizes and high power consumption. Coresonic’s approach is to use a fully programmable and configurable baseband processor core, which solves the problem of numerous variants through loading the appropriate software as required.
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