EndWave Corporation Emerges as a Leader in Broadband Wireless Access Technology
EndWave Corporation, a new entity formed through the merger of Endgate Corporation and TRW Milliwave Inc., has completed its transition into a leading global provider of broadband wireless access equipment. The company, which is approximated to be 50% owned by Endgate's former stockholders and 50% by TRW, aims to capitalize on the rapidly growing broadband wireless market, projected to reach $15 billion in the next few years. EndWave's broadband wireless access products, including modules, transceivers, antennas, and OutDoor Units (ODUs), will cater to the needs of industry leaders such as Nokia, Hughes Network Systems, and other major broadband system developers.
Key Takeaways:
- EndWave Corporation is a result of the merger between Endgate Corporation and TRW Milliwave Inc., completed in April 2000.
- The company is led by Edward Keible as president and CEO, with a strengthened management team including Bruce Margetson as chief financial officer and Don Dodson as chief operating officer.
- EndWave's product portfolio includes a range of broadband wireless access products, such as modules, transceivers, antennas, and OutDoor Units (ODUs).
- The new company is positioned to become a leader in the broadband wireless industry, with over 380 employees and a customer base that includes industry leaders.
- Broadband wireless technology is expanding rapidly, offering data rates up to 155 million bits per second, more than 2,700 times faster than modems used in today's personal computers.
- The broadband wireless equipment market is projected to reach $15 billion in the next few years, according to The Strategis Group.
- EndWave will use the new investment received from TRW and Endgate investors to support the expansion of new product development and manufacturing in response to growing customer demand.
- The company will be headquartered in Sunnyvale, California, and maintain design and manufacturing facilities in Sunnyvale, Santa Clara, and Diamond Springs, California.
Statistics:
- The broadband wireless equipment market is projected to reach $15 billion over the next few years, according to The Strategis Group.
- EndWave's product portfolio includes modules, transceivers, antennas, and OutDoor Units (ODUs), which are designed to support broadband wireless Internet access and cellular backhaul systems.
- EndWave's management team includes Bruce Margetson as chief financial officer, Don Dodson as chief operating officer, and Edward Keible as president and CEO.
- The company has over 380 employees and a customer base that includes industry leaders such as Nokia, Hughes Network Systems.
- Broadband wireless technology offers data rates up to 155 megabits per second (OC-3), more than 2,700 times faster than modems used in today's personal computers.
Sources:
- BUSINESS WIRE, April 5, 2000
- The Strategis Group
- Endgate Corporation (www.endgate.com)
- TRW Milliwave Inc. (formerly a wholly-owned subsidiary of TRW Inc.)
- Cisco Systems (Nasdaq: CSCO)
- Silicon Graphics Inc. (NYSE: SGI)
- Morgenthaler Ventures
- Invesco Private Capital