Paratek and In-Q-Tel Sign Strategic Investment and Development Agreement for Tunable Radio Front Ends

WASHINGTON--()--Oct. 21, 2004--Paratek Microwave, a provider of smart scanning antennas and miniaturized tunable Radio Frequency Front Ends, today announced it has signed a strategic investment and development agreement with In-Q-Tel, the private venture investment group funded by the Central Intelligence Agency.

Paratek's technology addresses the needs of today's multi-function, multi-frequency wireless devices and markets. Paratek's products are distinguished by their ability to electronically tune over a range of frequencies and to electronically scan antenna beams, both using the Company's patented Parascan(TM) materials technology.

"There are powerful synergies between the government and commercial applications of Paratek's capabilities," said Gilman Louie, CEO of In-Q-Tel. "Paratek's tunable materials technology and miniaturized 3-D packaging expertise offer unique benefits for today's software defined, frequency agile radios and wireless devices."

Paratek's implementation of its patented Parascan(TM) technology into tunable capacitors, filters, pre-selectors and phase shifters has enabled them to create a new class of miniaturized Radio Frequency front ends and smart scanning antennas.

Robert Metcalfe, inventor of the Ethernet LAN standard, founder of 3Com and now chairman of Paratek's board of directors said, "In-Q-Tel's investment in Paratek's advanced development confirms the significant benefits of Paratek's technology to the critical communications needs of the government, whose requirements exceeds that of the commercial markets. At the same time, Paratek's commercial products are now finding applications in wireless LANs and will soon be sampled to the mobile phone and RFID markets."

Other investors include Polaris Venture Partners, Novak Biddle Venture Partners, Morgenthaler, Investor AB and ABS Ventures.

About Paratek Microwave, Inc.

Paratek Microwave, Inc., a privately held company, is the inventor of the Parascan(TM) voltage tunable dielectric materials technology and has successfully transitioned the technology into products such as tunable capacitors, filters, pre-selectors and phase shifters. Paratek's products are distinguished by their ability to electronically tune over a range of frequencies and to electronically scan antenna beams, which provides enhanced wireless network performance, flexibility and scalability while reducing costs. Paratek's miniaturized tunable RF front ends and smart scanning antennas address the needs of today's multi-function and multi-frequency wireless devices. Paratek is headquartered in Columbia, MD, with offices in Nashua, NH. For more information visit www.paratek.com.

About In-Q-Tel

In-Q-Tel is a private, independent, not-for-profit venture group funded by the CIA. Launched in 1999, In-Q-Tel's mission is to identify and invest in companies developing cutting-edge information technologies that serve United States national security interests. Working from an evolving strategic blueprint that defines the CIA's critical information technology needs, In-Q-Tel engages with entrepreneurs, established companies, researchers and venture capitalists to deliver technologies that pay out in superior intelligence capabilities for the CIA and the larger Intelligence Community. Learn more at www.in-q-tel.org.

Contacts

Paratek Microwave, Inc., Columbia
James Truemper, 443-259-0140 ext. 110

Contacts

Paratek Microwave, Inc., Columbia
James Truemper, 443-259-0140 ext. 110