Industrifonden invests in Coresonic

Industrifonden invests one million euro in Coresonic AB, a leading provider of baseband processor IP technology. The investment will enable Coresonic to market its innovative LeoCore™ technology into the growing WiMAX market and other demanding wireless standards.

Coresonic has also announced that it has appointed industry veteran, Rick Clucas, as its CEO. Clucas has over 22 years industry experience with over 17 in the semiconductor IP industry most notably as founder and CTO of ARC International.

“The timing is perfect for Coresonic which is why we are showing our technology at WiMAX world this week,” explained Clucas. “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.”

The challenge with WiMAX at the moment is that it is evolving and, as a result, there are several different variants. Creating solutions that allow for several of these in one hardwired design results in large die sizes and large power consumption. Coresonic’s approach is to use a fully programmable and configurable baseband processor core that solves the problem of numerous variants simply through loading the appropriate software as required. Even for a single WiMAX variant, a LeoCore-based solution uses significantly less power than competing solutions as well as being significantly smaller due to its innovative architecture that minimises memory use and reuses hardware blocks. Moreover, adding variants to the hardwired solution increases the size and power consumption, but hardly has any impact on the LeoCore approach.

www.coresonic.com

For further information, contact

Rick Clucas, CEO
+44 7785 396199
Rick.clucas@coresonic.com

Lennart Gustafson
Investment Manager Industrifonden
+46 70 315 72 90
Lennart.gustafson@industrifonden.se