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Motorola Invests in Apprion for Wireless Technology

-- Business & Technology News, 17 July 2008

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Motorola, through Motorola Ventures, its strategic venture capital arm, has announced an investment in Apprion, a Moffett Field, Calif.-based provider of open industrial wireless networks and applications. The amount of the Motorola investment in Apprion was not disclosed. But with the Motorola Ventures investment, Apprion said it has raised more than $23.5 million.
“Over the last decade, wireless technologies have radically changed how we live. Over the next decade, we expect to see wireless technologies transform manufacturing by the same magnitude,” said John O’Donohue, managing director of Motorola Ventures.
“Apprion delivers the right combination of technology, products, and industrial experience to uniquely address the wireless challenges of industrial customers. Both their growth trajectory and excellent track record demonstrate that the company is a driving force in industrial wireless solutions.”
“We are delighted to be entering into a strategic relationship with Motorola,” said Mike Bradley Sr., chief executive officer and president of Apprion.
“Motorola is the industry standard in providing wireless solutions to manufacturing. Together, Motorola and Apprion will be able to forge a path for the next generation of integrated wireless networks and applications that will unlock plant performance while delivering enhanced safety and security.”

           

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