Quellan Raise $20M in New Financing Round
2007/9/27
Adds New Global Corporate, Venture Capital and Industry Veteran Investors

SANTA CLARA, CA - September 27, 2007 Quellan Incorporated, a leader in Analog Signal Processing and RF Noise Cancellation, today announced that it has closed $20 million in its Series C round of venture financing. The new capital will be used to accelerate production and new products for consumer, industrial and communications markets.

New investors include W.L. Gore & Associates, Inc. (Gore) - a world leader in Electronic Transmission Systems, Harbinger Venture Management - backed by MiTAC, a world leader in GPS Personal Navigation Platforms, JAFCO - a Tokyo based global venture capital firm established in 1973 and Glynn Capital Management - a diversified investment group established in 1975. These new investors join Menlo Ventures, Yamacraw Capital Seed Fund, Cordova Ventures, Samsung Ventures America, and VentureTech Alliance.

The Company also announced that Robert C. Dobkin has made an investment in the company and has joined its Advisory Board. Mr. Dobkin is a veteran of the analog semiconductor industry and the Founder of Linear Technologies, a world leader in analog IC&&&s, and currently serves as its Chief Technology Officer and Vice President of Engineering.

"Quellan&&&s combination of high-growth market focus, unique technology and a proven team make it an exciting investment opportunity as well as technically interesting" said Robert Dobkin, CTO and VP of Engineering at Linear Technology. "Interference noise has been the pre-eminent limiting factor in communications for decades and Quellan has a unique method to mitigate it."

"I&&&m very excited about Quellan&&&s noise cancellation technology and its ability to target a broad range of segments within the electronics market," says Russell Shaller, Division Leader for Gore&&&s Electronic Products Division. "I believe that through technical collaboration with Quellan we can add significant value to the broad range of market segments in which Gore participates."

Quellan recently announced a wide range of new product offerings including it&&&s flagship QNx RF Noise Canceller product line for consumer and mobile product applications, the QHx Harmonic Suppressor for digital harmonic noise suppression, and the QLx product line for enterprise and data center applications.

"The noise cancellation opportunity has expanded to include consumer electronics, enterprise, mobile wireless, computing and automotive," said D. Tony Stelliga, President and CEO of Quellan Incorporated. "This new capital and expanded world class investor group will ensure we continue to capitalize on these new opportunities."

About Quellan

Quellan specializes in analog components that improve the performance and functionality of electronic equipment by removing channel impairments and noise. Quellan serves the Enterprise, Telecom, Broadcast, Automotive and Consumer Electronics markets. Privately held, Quellan&&&s investors include Menlo Ventures, Cordova Ventures, Yamacraw Seed Capital Fund, Samsung Ventures, Glynn Capital Management LLC, Venture Tech Alliance, JAFCO Ventures, Harbinger Capital and W.L. Gore & Associates.