“If Antenova does an IPO it will most likely occur on AIM, and potentially in 2007,” said Greg McCray, the company’s CEO. In the meantime the company is keeping its options open, “in regards to raising further capital for focused growth opportunities,” he said.
The company’s technology is based on using specialised ceramic materials to build small GPS antennas that are resistant to ‘detuning’ – making them more efficient and reliable, despite their smaller size. Antenova’s latest product is a balanced GPS antenna suitable for embedding in mobile phones.
Antenova antennas are suitable for use in mobile phones, laptops and consumer electronics. They are compatible with protocols including GSM and CDMA, 3G, GPS, 802.11 a/b/g and Bluetooth.
In August 2005, Antenova acquired gigaAnt, a developer of antennas for short-range wireless devices, for use in Bluetooth and WiFi applications. In September 2005, the company set up an operation in Taipei, Taiwan.
McCray said Antenova will continue to, “look for appropriate partnerships that will enhance our ability to sell more of our products.”
Antenova was founded in 1999 by its chief scientist Simon Kingsley from Sheffield University.
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