Coresonic AB, a leading provider of baseband processor technology, was today announced as one of the selected companies in the European Tech Tour Semiconductor Summit 2006. The Semiconductor Summit is aimed at introducing the top-thirty, upcoming and coming, high-growth semiconductor companies to the global investment community and to professionals who can assist the companies in their global expansion. Coresonic, which also was selected in the 2005 Swedish Tech Tour, is among the first companies to be awarded to participate twice in the European Tech Tour.
“The European Tech Tour has, over many years, shown a remarkable accuracy in recognizing the upcoming stars in the European VC portfolio. I am honoured to be part of a company that has been selected,” said Roeland Boonstoppel, board director of Coresonic and active angel/VC investor.
Christer Svensson, President and Chairman of Coresonic, added, “It’s a sign of strength of the silicon IP industry that we, as a silicon IP start-up, were selected for this event. The industry trend is pointing in the direction of more out-sourced silicon IP as the complexity of chips increase. This is where we have found a great market opportunity and I am happy to see that it has been recognized.”
The summit takes place in Leuven, Belgium, on October 24-25. Among the thirty nominees, Coresonic was featured alongside companies like UK-based Picochip and French Sequans Communications. Coresonic was one out of six companies originating from Sweden. The Swedish companies included Nanoradio and Xelerated and represented a fifth of the nominees, indicating the strength of the upcoming Swedish semiconductor industry.
About ETTA Global Network
The European Tech Tour Association is an independent organization which aims to create synergies between, on the one hand, a selection of companies from the target country wishing to develop on the international level and, on the other, a network of leading figures from the world of high technology – industrialists, entrepreneurs, service-providers, players on the political and economic scene. Thanks to the reputation and experience of its members, the European Tech Tour Association can contribute significantly to raising the profile and promoting the development of high quality firms. To this end, the Association organizes and coordinates information events (chiefly in Europe) designed to establish new contacts and bring about an exchange of ideas. The European Tech Tour Association serves as the overall supervisor and coordinator for company visits and meetings, mainly in Europe, while the task of organizing these events in each individual country is entrusted to a group designated by the Association. In this way, a valuable network has been created to stimulate exchanges of ideas and to promote young dynamic companies.
Coresonic AB is a privately owned Swedish company developing and marketing semiconductor intellectual property for baseband processor technology. Coresonic has developed a novel, patent pending, processor architecture enabling flexible multimode communication applications at low cost and low power consumption. The technology is suited for all types of mobile wireless devices from mobile phones and PDAs to wireless networking and digital broadcasting. The company was founded in 2004 to commercialize a programmable baseband processor technology from a research project at Linköping University. Coresonic’s main office is in Linköping, Sweden.