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Press Release

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October 26, 2001

XEMICS Closes $6 Million Round of Financing
Neuchâtel, Switzerland and Mountain View, CA October 26, 2001

XEMICS SA., specializing in short-range wireless connectivity solutions, announced today the successful closing of another round of venture capital financing of $6M following the previous round of $7 M completed last March 2001. Recognizing Xemics strong technology assets and business potential, all of the company's previous venture capital investors and two new venture capital funds participated in these rounds.

Capital has come from: TAT Investments, Banexi Ventures, Innoventure Capital, Cantonal Bank of Vaud, Yasuda Enterprise Development, Vontobel European Ventures. Other existing shareholders include institutional investors and Xemics' management.

As expressed by Alain Dantec, CEO of XEMICS, "This additional funding will allow us to complete our family of ultra low-power Bluetoothâ solutions for Personal Area Networks and to expand our market presence, especially in the USA and in the Far East."

"Xemics has proven it's expertise in the low-power world," said Mr. Dantec. "We're excited and committed in helping build XEMICS into a market leader."

"We believe XEMICS is well positioned to deliver a wide range of advanced short-range wireless connectivity solutions to its customers around the world," said Michel Desbard, Chief of the Board. "Our investment supports XEMICS' strong business plans and vision and we believe in XEMICS' success in this ever-growing industry."

XEMICS is a fabless semiconductor company offering advanced short-range wireless connectivity solutions for Personal Area Networks and Home Automation Networks. XEMICS' integrated circuits are designed for ultra low power consumption and include analog, mixed-signal, microcontroller and radio functions. The main product lines are RF transceivers, including Bluetooth, data acquisition and communication products and Audio CODECs.

For more details of products from XEMICS please contact:

For further information, please contact:
Public Relations Coordinator
Florence Amez-Droz
Tel: +41 32 720 5670
Fax: +41 32 720 5770

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Last modified: Wednesday December 03, 2003.

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