FOR IMMEDIATE RELEASE
Contact: Andy Roscoe
Direct email: firstname.lastname@example.org
Direct phone number: 202-345-3085
Astrapi Corporation announces the closing and funding of a $1.5 million seed round of funding
Dallas, TX (May 15, 2013) – Astrapi Corporation, a company that has developed a game changing signal modulation technology that enables more efficient communications transmissions, announced today that it has closed and funded a seed round totaling $1.5 million with a group of angel investors located in the greater Washington, D.C. area. To date, Astrapi has raised over $1.8 million.
Astrapi’s spiral-based signal modulation initiative is based on its proprietary Compound Channel Coding™ (cCc™) technology. cCc has profound implications, dramatically improving spectral efficiency and systemically altering how telecommunications network operators send/receive signals. Demonstrated improvements will increase the value of spectrum and enable operators to meet exploding demand more economically than through expensive additional spectrum acquisition, infrastructure upgrades, or acquiring further transponder access.
By applying new mathematics to signal modulation, Astrapi is able to provide an order of magnitude improvement in the trade-off between the four fundamental parameters in telecommunication: bandwidth, signal power, data throughput, and error rate. These new techniques are expected to find early application in challenging defense communication environments, enterprise satellite networks, and internal terrestrial networks for mobile telephone providers.
The investment team and Dr. Prothero first met at the University of Maryland Dingman Center for Entrepreneurship Cupid’s Cup Business Innovation Showcase and Competition on April 5, 2013. Exactly three weeks later the first half of the investment agreement was funded. Full funding was completed on May 15.
“Our investors recognize the disruptive nature of Astrapi’s proprietary cCc technology and its ability to enable much more efficient utilization of limited communication spectrum,” said Bill Boyle, a member of the investor team. “Astrapi’s technology will add tremendous value by enabling its customers to dramatically decrease the cost of their networks, increase the utilization of their available spectrum, and make it possible for them to offer innovative new services. We believe this technology will change the communications landscape forever, and we look forward to its rapid deployment.”
“This new investment makes it possible to bring this technology to market by funding additional research, product development, and marketing programs. We’re very pleased at the extremely high caliber of domain expertise as well as key relationships that our seed investors bring to Astrapi.”
ABOUT Astrapi Corporation
Astrapi is the leader in a revolutionary method of communication – spiral-based modulation, a game-changing force in communication technology. By applying new mathematics to signal modulation, Astrapi is able to improve the trade-off between the four fundamental parameters in telecommunications: bandwidth, signal power, data throughput, and error rate. Based on foundational work by its founder, Dr. Jerrold Prothero, the company’s patented Compound Channel Coding™ (cCc™) technology allows for dramatic improvements in communication performance by smoothly integrating periodic and exponential signal parameters. For network owners, operators and end-users, the resulting efficiency translates into higher spectral performance with more bits available at a lower cost.
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