Tuesday, March 8, 2011

Xtendwave Gets SBIR Grant, Funding

Dallas-based Xtendwave, which is developing technology for improving the speed, capacity, and distance of wired and wireless networks, reported this morning that it has received a Phase II Small Business Innovation Research Grant (SBIR). Amount of the grant was not disclosed. As part of the grant, Xtendwave said it has also received a matching private equity investment. Source of that investment was not announced. Xtendwave said the SBIR grant game after a successful Phase I project completion. The firm is working on technology to improve copper network transmission.