NEWS ON BLUETOOTH AS FOLLOWS:
Zucotto Systems closes first round funding of over $6.5M with Alcatel Ventures as Lead Investor
BUSINESS WIRE - February 28, 2000 06:16
OTTAWA, Canada, Feb 28, 2000 (BUSINESS WIRE) --
Zucotto, a semiconductor company, is demonstrating their Java meets Bluetooth technology this week at CTIA
Zucotto Systems, Inc. announces its first round of financing in which it has raised over $6.5M. Alcatel Ventures is the lead investor along with other venture capital firms and private investors from Newbridge Networks (NYSE: NN) and Qualcomm (Nasdaq: QCOM). The round was significantly oversubscribed. Zucotto, a Bluetooth SIG member (www.bluetooth.com), will demonstrate their WHITEboard, and BLUEboard Development Kits, which combine Bluetooth and SLICETM, at CTIA in New Orleans this week. SLICE(TM) is Zucotto's Support Layer(TM) bolted to Sun Microsystem's (Nasdaq:SUNW) KVM.
"Zucotto is the first company in the world to bring together Java and Bluetooth technology into one seamless development and integration platform, ultimately providing our semiconductor solution, Xpresso(TM), the Java microprocessor for mobile devices", said Mark Wells, President and CEO of Zucotto. "Our solution can leverage any wireless technology, be it cellular, bluetooth or 802.11 to bring high-bandwidth 3G-level applications to 2G legacy architectures, and '.com' enable them for wireless internet and multimedia." Xpresso, integrated with SLICE, will deliver 20 to 40 times the performance, with less power consumption than comparable devices running on existing virtual machines, making it ideal for pervasive computing and mobile multimedia.
Zucotto invites you to sample a taste of their Java and Bluetooth Recipe at CTIA Wireless 2000. Zucotto will demonstrate how their unique architecture enables service discovery and selection of services from a mobile device, to provide access to simulated stock transactions, MP3 music or a home network.
About Zucotto Systems Inc.
Zucotto is dedicated to providing Java and Jini solutions, enabling companies to quickly develop products for mobile multimedia and wireless Internet. Zucotto provides developers with a one-stop solution through the combination of embedded Java, supported by a powerful development environment. Zucotto is based in San Diego, California, and Ottawa, Ontario, Canada. www.zucotto.com.
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- The Network Is The Computer(TM) -- has propelled Sun Microsystems, Inc. (Nasdaq:SUNW), to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to ".com" their businesses. With $12.4 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at www.sun.com.
This news release contains forward-looking statements involving risks and uncertainties, including statements about new products and market opportunity for Zucotto Systems, Inc. These reflect predictions and Zucotto's actual results may differ materially from these forward-looking statements |
