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Nujira announced it has received a strategic investment of an undisclosed sum from Mitsubishi UFJ Capital of Japan. This investment follows the successful C round of funding that was closed by the UK company towards the end of 2008 and represents its first venture investment relationship with a Japanese corporation.
The company also announced that following successful evaluations of the technology, three major Japanese OEMs are designing its Coolteq modules into production systems. This announcement brings the total number of companies designing in Nujira Coolteq modules to five including Sumitomo Electrical Industries, which was announced in 2008.
Commenting, Masahito Kawashima, managing director from Mitsubishi UFJ Capital, said, “Nujira’s High Accuracy Tracking (HAT™) has been proven to enable significant increases in the efficiency of cellular RF transmitters. Power for the transmission network forms a significant share of networks operating costs and carbon footprint, and Nujira’s technology will enable networks to make significant reductions in both. The company’s approach has been endorsed by an impressive portfolio of network systems OEMs with particular success in Japan.”
Tim Haynes, Nujira CEO responded, saying, “Nujira’s technology delivers direct and immediate financial and environmental benefits to network operators. The accelerating rate of adoption of Coolteq modules is a reflection of the fact that we have a proven technology that directly addresses the key concerns of the cellular network operators today. We are extremely pleased to welcome Mitsubishi UFJ Capital as a shareholder and anticipate that this will help even further to cement our already excellent position within the Japanese marketplace.”