English – Page 3 – BeammWave

Customer visits, perspectives, and the last days of our rights issue

on May 15, 2024

BeammWave is on site in Asia for customer discussions with many meetings, in several markets, during two weeks. Stronger, and more to talk about than ever, makes the conversations more about how and less about why.

Video meetings in all their glory, but it makes a difference to meet face to face. It gives a more personal dimension and the possibility to easily catch misunderstandings and compensate for possible language barriers. It also becomes much easier to raise the more difficult questions and it gives new perspectives when you can experience the company culture and see the customer's internal interaction.

Our development platform, ADP1, has become even stronger and more flexible since we sold the first copy to Molex at the end of 2023. The concept and the platform have always been flexible and easy to update, but now we have mainly added two things;

We have made a much more automated user interface, which makes it much easier for customers to use the extremely complex and flexible platform on their own.
We have increased the number of test scenarios, that are included as standard.

These significantly cut the cost and time to get up and running and we can already see that this is highly appreciated and makes a huge difference to customers.

"The interest in our technology continues to be very high and, just like on our previous visits, there is hardly enough time to visit everyone. When I write this, only a few days out of 2 weeks have passed, but the result is far beyond expectations", comments Stefan Svedberg, CEO at BeammWave.

Our rights issue has an open subscription period until May 20th.

About Us
BeammWave AB are experts in communication solutions for frequencies over 24GHz. The company is building a solution intended for 5G and 6G, in the form of a radio chip with antenna and associated algorithms. The company's approach with digital beamforming is unique and patented, with the aim of delivering a solution with higher performance at a lower cost. The company's share serie B (BEAMMW B) is listed on the Nasdaq First North Growth Market in Stockholm. Certified Adviser is Redeye AB.

Customer visits, perspectives, and the last days of our rights issue

Rob & Stefan

Registration of trademark BeammWave® in Korea

on May 10, 2024

BeammWave has obtained trademark protection for BeammWave® in Korea.

BeammWave already has trademark protection in China, EU, UK, Taiwan, Japan, and the US. Now Korea has also been approved.

"As a global technology leader in digital beamforming, we need global protection. With 38 patent families and now good brand protection, we have it. North America and Asia are our most important markets and Korea is very interesting ", says Stefan Svedberg, CEO at BeammWave.

Registration of trademark BeammWave® in Korea

Jesper and Bengt

The subscription period in BeammWave’s rights issue begins today

on May 6, 2024

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

Today is the first day of the subscription period for BeammWave AB (publ)'s ("BeammWave" or the “Company") rights issue of shares and warrants ("units") with preferential rights for the Company's existing shareholders of initially approximately SEK 39.5 million (the “Rights Issue"), which was resolved by the board of directors on 25 March 2024, and approved by the extraordinary general meeting on 25 April 2024.

Summary of the Rights Issue

Each existing share in the Company as of the record date on 2 May 2024, entitles the holder to one (1) unit right. Each one (1) unit right entitles the holder to subscribe for one (1) unit. Each unit consists of one (1) B-share and one (1) warrant of series TO 2024B.
The subscription price in the Rights Issue is set at SEK 3.00 per unit, equivalent to SEK 3.00 per new share. The warrants are issued free of charge.
The subscription period runs from 6 May 2024, up to and including 20 May 2024.
Prior of the Rights Issue, the Company has received subscription commitments, and entered into guarantee commitments totalling approximately SEK 26.7 million, equivalent to 67.5 percent of the Rights Issue.
The proceeds from the Rights Issue will be used to, among other, accelerate product development in collaboration with potential partners, prepare for market launch, and bolster its sales force by adding local representatives in additional markets.

Full terms and conditions for the Rights Issue as well as other information about the Company and further information about subscription commitments and guarantee commitments, is included in the EU Growth Prospectus that the Company published on 2 May 2024 (the “Prospectus").

Timetable for the Rights Issue

6 – 15 May 2024	Trading in unit rights
6 – 20 May 2024	Subscription period
6 May 2024 – Until the Rights Issue is registered with the Swedish Companies Registration Office	Trading in paid subscribed units (Sw. “BTU”)
Around 22 May 2024	Estimated publication of the outcome in the Rights Issue

Advisors

Redeye AB acts as financial advisor, and Advokatfirman Delphi i Malmö AB acts as legal advisor to BeammWave in connection with the Rights Issue. Aktieinvest FK AB acts as issuing agency in connection with the Rights Issue.

This announcement does not constitute and is not a part of an offer to sell securities. Copies of this announcement are not made and may not be distributed, published or sent to the United States, Australia, Hong-Kong, Japan, Canada, Switzerland, Singapore, South Africa or New Zealand or any other jurisdiction where distribution of this press release would be unlawful or require registration or other measures. This announcement is for information purposes only and does not constitute a prospectus or any other offer to sell or a solicitation to offer to acquire any securities in the United States or any other jurisdiction. Securities that may be issued in connection with the transactions referred to in this announcement will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and consequently will not be offered or sold within the United States.

This announcement does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and the Council (the “Prospectus Regulation”). This press release does not contain and does not constitute an invitation or an offer to acquire, sell, subscribe or otherwise trade in shares, warrants, unit rights or other securities of BeammWave in the United States or elsewhere. The invitation to affected persons to subscribe for units in BeammWave will only take place through the Prospectus. The Prospectus contains, among other things, risk factors, certain financial information and information about the Company's management and Board of Directors. This press release has not been approved by any regulatory authority and does not constitute a prospectus. Investors should not subscribe or acquire securities referred to in this press release except on the basis of the information contained in the Prospectus.

Topics discussed in this announcement may constitute forward looking statements. Forward looking statements are statements that are not historical facts that can be identified by the use of words such as, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. Forward looking statements in this press release are based on various assumptions, many of which in turn are based on further assumptions. Although BeammWave believes these assumptions were reasonable when made, these assumptions are inherently associated with known and unknown material risks, uncertainties, unforeseen events and other important factors that are difficult or impossible to predict and that are beyond its control. Such risks, uncertainties, unforeseen events and other important factors could cause actual events to differ materiality from the expectations expressed or implied in this announcement by such forward looking statements. Information, opinions and forward looking statements contained in this announcement speak only as at its date, and may be changed without notice.

The subscription period in BeammWave’s rights issue begins today

Subscription period starts

Registration of trademark BeammWave® in USA

on May 3, 2024

BeammWave has obtained trademark protection for BeammWave® in the USA.

BeammWave already has trademark protection in China, EU, UK, Taiwan and Japan. Now the US has also been approved.

"As a global technology leader in digital beamforming, we need global protection. With 38 patent families and now good brand protection, we have it. It fits well with increased sales efforts of our advanced development platform ADP1 which was both launched and sold to a first customer of Molex LLC., during the end of 2023", says Stefan Svedberg, CEO at BeammWave.

Registration of trademark BeammWave® in USA

Stefan Svedberg

BeammWave publishes prospectus in connection with forthcoming rights issue

on May 2, 2024

The board of directors of BeammWave AB (publ) ("BeammWave" or the “Company") has prepared an EU Growth Prospectus (the "Prospectus") relating to the rights issue of shares and warrants (“units”) with preferential rights for the Company's existing shareholders of initially approximately SEK 39.5 million (the “Rights Issue"), which was resolved by the board of directors on 25 March 2024, and approved by the extraordinary general meeting held on 25 April 2024. The Prospectus has today been approved and registered by the Swedish Financial Supervisory Authority.

Summary of the Rights Issue

Each existing share in the Company as of the record date on 2 May 2024, entitles the holder to one (1) unit right. Each one (1) unit right entitles the holder to subscribe for one (1) unit. Each unit consists of one (1) B-share and one (1) warrant of series TO 2024B.
The subscription price in the Rights Issue is set at SEK 3.00 per unit, equivalent to SEK 3.00 per new share. The warrants are issued free of charge.
The subscription period runs from 6 May 2024, up to and including 20 May 2024.
Prior of the Rights Issue, the Company has received subscription commitments, declarations of intent, and entered into guarantee commitments totalling approximately SEK 26.7 million, equivalent to 67.5 percent of the Rights Issue.
The proceeds from the Rights Issue will be used to, among other, accelerate product development in collaboration with potential partners, prepare for market launch, and bolster its sales force by adding local representatives in additional markets.

Prospectus

The Prospectus has been prepared in connection with the forthcoming Rights Issue and has today, on 2 May 2024, been approved and registered by the Swedish Financial Supervisory Authority. The Prospectus, containing complete terms and conditions, is available on the Company's, Aktieinvest FK AB’s and Redeye AB's respective websites (BeammWave, www.aktieinvest.se, www.redeye.se). The Prospectus will also be available on the Swedish Financial Supervisory Authority's website (www.fi.se). Subscription forms will be available on the Company's, Aktieinvest FK AB’s, and Redeye AB's respective websites.

Timetable for the Rights Issue

6 – 15 May 2024	Trading in unit rights
6 – 20 May 2024	Subscription period
6 May 2024 – Until the Rights Issue is registered with the Swedish Companies Registration Office	Trading in paid subscribed units (Sw. “BTU”)
Around 22 May 2024	Estimated publication of the outcome in the Rights Issue

Advisors

This announcement does not constitute and is not a part of an offer to sell securities. Copies of this announcement are not made and may not be distributed, published or sent to the United States, Australia, Hong-Kong, Japan, Canada, Switzerland, Singapore, South Africa or New Zealand or any other jurisdiction where distribution of this press release would be unlawful or require registration or other measures. This announcement is for information purposes only and does not constitute a prospectus or any other offer to sell or a solicitation to offer to acquire any securities in the United States or any other jurisdiction. Securities that may be issued in connection with the transactions referred to in this announcement will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and consequently will not be offered or sold within the United States.

BeammWave publishes prospectus in connection with forthcoming rights issue

Prospekt

BeammWave strengthens the Board with strong industry expertise through Nordic Semiconductor’s former CTO, Svein-Egil Nielsen

on May 2, 2024

The election committee in BeammWave AB proposes Nordic Semiconductor's former CTO and EVP Svein-Egil Nielsen and Pelle Wijk, with long experience of growth journeys in several semiconductor companies, as new Board members – to be elected at the annual general meeting on June 14, 2024.

The election committee motivates its proposal with that BeammWave is now entering a commercial phase where global partnerships and deep industry knowledge become even more important. The company has now shown that digital beamforming is possible to build cost-effectively. In the past year, BeammWave has both launched a development platform and sold it to a first customer, Molex LLC, a global player with 45,000 employees and headquarter in the USA.

"We are very pleased to present two strong candidates with extensive international experience from the semiconductor industry, where both have worked at the highest operational level and also in Board positions. Svein-Egil and Pelle will bring experience, industry knowledge and an extensive network of contacts to BeammWave. Sales will now be the company's focus and with Svein-Egil and Pelle on board it will be of great importance”, comments Fredrik Rosenqvist, chairman of the election committee at BeammWave.

"As the founder of BeammWave, I have seen my and Markus Törmänen's idea and vision translated into a company that is establishing itself on the world market. We are now bringing in additional important skills in the Board that the company needs at this stage. Svein-Egil Nielsen and Pelle Wijk both have industry know-how that will make a difference for BeammWave", comments Per-Olof Brandt, co-founder, and CTO at BeammWave.

Information about members who are proposed for new elections
Svein-Egil Nielsen
Born: 1969
Education: MBA, Haas School of Business from the University of California, Berkeley and B.Eng honors degree in Computer and Electronic Systems from University of Strathclyde, Scotland.
Background: A technology leader with a proven track record in driving innovation and growth in the semiconductor industry. As the former CTO/EVP R&D at Nordic Semiconductor, Nielsen spearheaded the company's R&D efforts, overseeing a team of over one thousand engineers and accounting for 75% of the company's total workforce, responsible for all development of ICs, software, services, and technical support.
Other significant assignments: Chairman of the Board at NOVELDA.

Svein-Egil Nielsen has no shares in the company and is independent from the Company, its management and owners.

Pelle Wijk
Born: 1971
Education: M Sc, Engineering Physics from Uppsala University.
Background: 20 years of experience from the semiconductor industry including his current role as Director of Product Management and Business Development at QuantalRF. Former Managing Director of Sivers Wireless AB, Vice President of Hardware Engineering and Operations at Imagination Technologies and CEO of Kisel Microelectronics AB.

Peller Wijk has 15,000 shares in the company and is independent from the Company, its management and owners.

Information about all the members proposed to BeammWave's board, the election committee's reasoned statement regarding the proposal for the board and the nomination committee's complete proposal will be available on the company's website, www.beammwave.com in connection with the issue of the notice to the 2024 annual general meeting, which will be available no later than four ( 4) weeks before the annual general meeting.

BeammWave strengthens the Board with strong industry expertise through Nordic Semiconductor's former CTO, Svein-Egil Nielsen

Pelle och Svein-Egil

BEAMMWAVE EXPANDS ITS DIGITAL BEAMFORMING PATENT PORTFOLIO

on April 16, 2024

BeammWave has received a notice of allowance from the Europen Patent Office. The patent covers a method to pre-process data for an efficient digital beamforming.

BeammWave have has a total of 38 patent families in different stages protecting its unique digital beamforming concept.

"Digital beamforming is undisputingly delivering a much higher perfomance than its analog competitor. What however been disputed is how to get it power and cost efficient. This patent of a data pre-processing method is part of the BeammWave secret sauce to solve exactly that", says Bengt Lindoff Chief Systems Architect of BeammWave.

BEAMMWAVE EXPANDS ITS DIGITAL BEAMFORMING PATENT PORTFOLIO

Bengt Lindoff

BeammWave resolves on a rights issue of units of approximately SEK 39.5 million

on March 25, 2024

The Board of Directors of BeammWave AB (publ) ("BeammWave" or the “Company") has today resolved on a new issue of units with preferential rights for the Company's existing shareholders of initially approximately SEK 39.5 million before transaction costs (the “Rights Issue"). The Rights Issue is subject to approval by an Extraordinary General Meeting, scheduled to be held on 25 April 2024. Notice of the Extraordinary General Meeting will be published separately. The Company has received subscription commitments and declarations of intent from a selection of the Company's larger existing shareholders, including Concejo AB who continues to support BeammWave by, in addition to subscribing for their pro-rata share of the Rights Issue, participates through a top guarantee of approximately 7.5 percent of the Rights Issue. In total, the Rights Issue is covered by subscription commitments and declarations of intent amounting to approximately SEK 8.0 million, corresponding to approximately 20.2 percent of the Rights Issue. Furthermore, the Company has entered into agreements on guarantee commitments of approximately SEK 18.7 million which, together with the subscription commitments, secures the Rights Issue up to approximately 67.5 percent. Company intends to use the proceeds from the Rights Issue to, among other, accelerate product development in collaboration with potential partners, prepare for market launch, and bolster its sales force by adding local representatives in additional markets.

Summary of the Rights Issue

Each existing share in the Company as of the record date on 2 May 2024, entitles the holder to one (1) unit right. Each one (1) unit right entitles the holder to subscribe for one (1) unit. Each unit consists of one (1) B-share and one (1) warrant of series TO 2024B.
The subscription price in the Rights Issue is set at SEK 3.00 per unit, equivalent to SEK 3.00 per new share. The warrants are issued free of charge.
The subscription period runs from 6 May 2024, up to and including 20 May 2024.
The last day of trading in the shares with the right to receive unit rights in the Rights Issue is 26 April 2024.
Prior of the Rights Issue, the Company has received subscription commitments, declarations of intent, and entered into guarantee commitments totalling approximately SEK 26.7 million, equivalent to 67.5 percent of the Rights Issue.
The Company intends to publish a prospectus regarding the Rights Issue around 2 May 2024.
The proceeds from the Rights Issue will be used to, among other, accelerate product development in collaboration with potential partners, prepare for market launch, and bolster its sales force by adding local representatives in additional markets.
The resolution on the Rights Issue is conditioned that the limits for the share capital and number of shares in the articles of association being changed in accordance with the board of director's proposal to the Extraordinary General Meeting. Notice of the Extraordinary General Meeting will be published through a separate press release.

Terms of Warrants of series TO 2024B

The Rights Issue includes a maximum of 13,161,630 warrants of series TO 2024B.
Each warrant of series TO 2024B entitles the holder to subscribe for one (1) new B-share in the Company during the period 2 – 16 December 2024, at a subscription price equal to 70 percent of the volume-weighted average share price of the Company's share during a period of ten (10) trading days immediately preceding the first day of the exercise period, i.e. during 18 – 29 November 2024, but not less than SEK 3.0 and not more than SEK 6.0 per share.
The warrants of series TO 2024B are intended to be listed for trading following the final registration of the Rights Issue with the Swedish Companies Registration Office.

Reasons for the Rights Issue

BeammWave is now entering a new phase, which means that the Company will increasingly engage with customers in conceptual as well as paid product-preparatory projects. In addition, further development and subsequent commercialization of products will continue. To prepare for the intended market launch, the Company is conducting the Rights Issue to finance accelerated product development efforts, in collaboration with potential partners. The Company also intends to strengthen its sales force by adding local representatives in one or more additional markets.

In the event that the Rights Issue is fully subscribed, the gross proceeds from the Rights Issue will amount to approximately SEK 39.5 million (excluding any proceeds from the exercise of warrants of series TO 2024B, before deduction of issuance costs. The net proceeds, as well as any proceeds from the exercise of the warrants are planned to be distributed proportionally as follows and, in the event that not all measures can be implemented, according to the following priority order:

Increased sales efforts 20%
New product development 65%
Customer-specific product development 10%
Patent 5%

Subscription commitments, declarations of intent, and guarantee commitments

The Company has received subscription commitments and declarations of intent from a number of the Company's existing shareholders, including Concejo AB, as well as members of the Company's Board of Directors and management team, amounting to approximately SEK 8.0 million, equivalent to approximately 20.2 percent of the Rights Issue. Furthermore, the Company has entered into guarantee commitments with a number of existing shareholders and new investors, consisting of a so-called top guarantee of approximately SEK 3.0 million, equivalent to approximately 7.5 percent of the Rights Issue, and a so-called bottom guarantee of approximately SEK 15.7 million, equivalent to approximately 38.5 percent of the Rights Issue. The bottom guarantee secures, provided that subscriptions are made at least corresponding to the subscription commitments and declarations of intent, that approximately 60.0 percent of the Rights Issue is subscribed and paid for. The top guarantee secures, provided that subscriptions are made at least corresponding to the subscription commitments, declarations of intent, and the bottom guarantee commitments, that 67.5 percent of the Rights Issue is subscribed and paid for.

Both the top- and bottom guarantee commitments entitle to compensation of 12 percent of the guaranteed amount in cash. Instead of cash compensation, the guarantors may choose to receive guarantee compensation in the form of newly issued shares in the Company. If the guarantors choose to receive guarantee compensation in the form of newly issued shares, the guarantee compensation will amount to 16 percent of the guaranteed amount. The subscription price for any shares issued to the guarantors shall correspond to the volume-weighted average share price (VWAP) of the Company's shares on Nasdaq First North Growth Market during the subscription period of the Rights Issue (6 – 20 May 2024), however not lower than the subscription price in the Rights Issue.

Extraordinary General Meeting

The Board of Directors has today resolved to convene an Extraordinary General Meeting on 25 April 2024. A notice will be published by BeammWave shortly through a separate press release.

Prospectus

Full terms and conditions for the Rights Issue as well as other information about the Company and further information about subscription commitments and guarantee commitments, will be included in the EU Growth Prospectus that the Company is expected to publish around 2 May 2024 (the “Prospectus").

Preliminary Timetable for the Rights Issue

25 April 2024	Extraordinary General Meeting
26 April 2024	Last day of trading in the share including the right to receive unit rights
29 April 2024	First day of trading in the share excluding the right to receive unit rights
2 May 2024	Estimated date for the publication of the Prospectus
2 May 2024	Record date for the Rights Issue
6 – 15 May 2024	Trading in unit rights
6 – 20 May 2024	Subscription period
6 May 2024 – Until the Rights Issue is registered with the Swedish Companies Registration Office	Trading in paid subscribed units (Sw. “BTU”)
Around 22 May 2024	Estimated publication of the outcome in the Rights Issue

Shares and Dilution

Assuming full subscription in the Rights Issue, the share capital will increase by SEK 1,300,837.870 from SEK 1,300,837.870 to SEK 2,601,675.740 through the issuance of 13,161,630 shares, resulting in the total number of shares increasing from 13,161,630 to 26,323,260, representing a dilution effect of approximately 50.0 percent of the share capital and number of shares. If all warrants are fully exercised, the share capital will increase by an additional maximum of SEK 1,300,837.870 and the number of shares will increase by an additional maximum of 13,161,630 shares, equivalent to a dilution effect of approximately 33.3 percent in relation to the share capital and number of shares, assuming full subscription in the Rights Issue.

The total dilution effect if the Rights Issue is fully subscribed and all warrants of series TO 2024B are exercised amounts to a maximum of approximately 66.7 percent. Shareholders who do not participate in the Rights Issue have the opportunity to financially compensate themselves for this dilution by selling their unit rights.

If all guarantors would choose to receive guarantee compensation in the form of newly issued shares, there would be an additional dilution effect of approximately 1.6 percent in relation to the share capital and the number of shares given a fully subscribed Rights Issue (based on the lowest subscription price that may be set to the shares in the issue to the guarantors).

Advisors

For further information, please contact:
Stefan Svedberg, CEO +46 (0) 10 641 45 85
info@beammwave.com

About us
BeammWave AB are experts in communication solutions for frequencies over 24GHz. The company is building a solution intended for 5G and 6G, in the form of a radio chip with antenna and associated algorithms. The company’s approach with digital beamforming is unique and patented, with the aim of delivering a solution with higher performance at a lower cost. The company’s share serie B (BEAMMW B) is listed on the Nasdaq First North Growth Market in Stockholm.

Redeye AB is the Certified Adviser of the Company.

This announcement does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and the Council (the “Prospectus Regulation”). This press release does not contain and does not constitute an invitation or an offer to acquire, sell, subscribe or otherwise trade in shares, warrants, unit rights or other securities of BeammWave in the United States or elsewhere. The invitation to affected persons to subscribe for units in BeammWave will only take place through the prospectus that BeammWave intends to publish on the Company's website, after approval and registration by the Swedish Financial Supervisory Authority. The prospectus will, among other things, contain risk factors, certain financial information and information about the Company's management and Board of Directors. This press release has not been approved by any regulatory authority and does not constitute a prospectus. Investors should not subscribe or acquire securities referred to in this press release except on the basis of the information that will be contained in the prospectus that will be published.

BeammWave resolves on a rights issue of units of approximately SEK 39.5 million

EE Times Europe article about BeammWave

on February 28, 2024

Robert Huntley at EE Times Europe spoke to BeammWave CEO Stefan Svedberg to learn why a digital approach is optimal for 5G mmWave beamforming.

You may read the article hear:
EETimes – BeammWave

EE Times Europe article about BeammWave

EETimes

BEAMMWAVE EXPANDS ITS DIGITAL BEAMFORMING PATENT PORTFOLIO

on February 23, 2024

BeammWave has received a notice of allowance from the Swedish Patent and Registration Office. The patent covers a building practice for mounting a distributed antenna system into an end-user product.

BeammWave have has a total of 38 patent families in different stages protecting its unique digital beamforming concept.

"Cost efficient mechanical integration into high volume consumer products can not come as an afterthought, but is an integral part of our concept with cost and power efficient semiconductors and algorithms for digital beamforming", says Per-Olof Brandt CTO of BeammWave.

BEAMMWAVE EXPANDS ITS DIGITAL BEAMFORMING PATENT PORTFOLIO

Per-Olof Brandt

BeammWave Receives a $100K Prototype Order and Enters a Joint Development Agreement

on December 27, 2023

BeammWave AB receives prototype order for its first development platform and enters into a Joint Development Agreement with Molex.

BeammWave AB, experts in high frequency communication solutions, today signed a joint development agreement with Molex to explore prototype development of a solution that will integrate the BeammWave digital beamforming concept into several FPGA products. These products include the new and disruptive Molex IAA mmWave antenna and BeammWave’s digital BFIC network.

Molex, LLC, a global electronics leader and subsidiary of Koch Industries, Inc., with global headquarters in Lisle, Illinois, signed the initial scope of work valued at approximately $100,000.

“We’re excited that BeammWave may have what we have been looking for – a mmWave beamforming network that could not only deliver outstanding performance but may also potentially be used in a range of different products that will enable us to provide innovative solutions and create value for our customers,” says William Spink, RF Engineering Director at Molex.

“This agreement is critical to BeammWave, as it will influence the future direction of our products and allow innovation to thrive in several use cases. I am very pleased we can do this together with a global company that has an engineering culture with a perfect fit for BeammWave,” says Stefan Svedberg, CEO of BeammWave.