Media Contact:
Neal Stien
Boldbrook Marketing
321-253-8225
WOBURN, MA, April 24, 2006 – Kenet Inc., a developer of revolutionary, low-power analog mixed-signal products, today announced that it has entered into a distributor agreement with INNOTECH for representation throughout Japan. INNOTECH, a leading semiconductor trading company, will provide Kenet with strategic assistance in developing business opportunities in Japan.
Under terms of the agreement, INNOTECH will work to generate interest from prospective customers for Kenet’s ADC products and technologies, including Kenet’s FemtoCharge® CMOS technology, an innovative new analog signal-processing method that delivers an unprecedented combination of high performance and low power consumption.
“This is an important move for us as Kenet establishes its foothold in Asia,” said Dr. Gerry Sollner, Kenet’s president and CEO. “INNOTECH offers a vast network of contacts in Japan that we will look to bring into play immediately. We are now open for business in Japan.”
“We’re excited about representing Kenet in Japan,” said Takashi Tsumori, president and CEO of INNOTECH. “Kenet is providing the industry with semiconductor products that are by far the lowest in power consumption, and we are confident this will be well-received by our customers in Japan.”
Kenet's FemtoCharge® CMOS technology provides a revolutionary
ADC architecture that is fabricated with foundry CMOS processes. By manipulating the signal as a charge - instead of voltage - the ADC eliminates traditional circuit blocks that have limited speed and performance in the past. The FemtoCharge® process is the result of more than ten years of research and development in disruptive analog-to-digital conversion technologies by Dr. Sollner and others at MIT Lincoln Laboratory.
About INNOTECH
Since its founding in 1987, INNOTECH has embraced a corporate
mission to collaborate and develop businesses with American and European companies, achieving success and accomplishing development goals working in partnership with its clients, through introducing the American and European companies with advanced technology to Japanese semiconductor manufacturers and creating new businesses together. Through its business activities, INNOTECH has built up intimate relationships with leading companies in each industry, and has developed expertise in each business area providing the most suitable product and solution for the client. More information can be found at http://www.innotech.co.jp/english/index.html.
About Kenet
Kenet Inc. is a fabless semiconductor company founded to commercialize technology developed at MIT. They are developing innovative mixed-signal solutions for portable consumer and communications applications. Kenet is backed by venture funding from investors including Oak Investment Partners, Venrock Associates, Kopin Corporation, and CP Group. For more information, please contact Kenet at 866-942-4501 or info@kenetinc.com.
Additional information is also available at www.kenetinc.com.
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