3e Technologies International Inc. becomes an Intel Capital Portfolio Company
3e Technologies International (3eTI) announced today that Intel Capital has become a minority shareholder. As a leader in secure wireless technology, 3eTI supplies client, infrastructure, and management platforms supporting a broad set of middleware capabilities to enable applications such as mesh networks, RFID, video, remote sensors, and location- based asset and information tracking. 3eTI's customers include federal and defense agencies, as well as industrial, transportation, enterprise, and commercial markets. "Our collaboration with Intel will be beneficial for our existing and future customers, especially in U.S. government market segments," said Steven Chen, President and CEO of 3eTI. He added, "Our wireless solutions and roadmap are compatible with Intel's current WiFi and WiMax technologies." "Increasingly, WLANs are being deployed to improve network access and communication," said Marlon Woolforde, Strategic Planning Manager in Intel's Wireless Networking Group. "The combination of 3eTI's crypto client software and Intel(R) Centrino(TM) mobile technology enables the mobility and productivity our customers desire while achieving the rigorous federal security standards for sensitive communication." 3eTI has licensed the Intel(R) Centrino(TM) mobile technology driver source code and used this to develop a FIPS 140-2 Validated(TM) wireless client for Intel(R) PRO/Wireless based systems. This client, the 3e-010F-C, meets rigorous security requirements which can be used to help protect sensitive communications. The FIPS 140-2 standard is the benchmark where protection of data is essential, such as defense, healthcare, utility, and financial market segments. About Intel Capital Intel Capital, Intel's venture investment program, focuses on making minority equity investments to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. Intel Capital has invested more than US$4 billion in approximately 1,000 companies in more than 30 countries since 1991. Since its inception, about 160 portfolio companies have been acquired by other companies and another 150 have gone public on various exchanges around the world. Intel Capital employs investment managers in about 25 countries worldwide. Last year alone, Intel Capital invested more than US$130 million in about 110 deals with approximately 40 percent of its investments made outside the United States. For more information, visit www.Intel.com/capital.
Reproduced from an article published by BusinessWire
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