Press Release: Synapse Wireless Doubles Year-on-Year Revenue - synapse-wireless.com

Press Releases

For Immediate Release: March 10, 2010

Synapse® Wireless Doubles Year-on-Year Revenue

Momentum builds for continued growth in 2010

Huntsville, Alabama - March 10, 2010 –Synapse Wireless®, Inc. today announced that its 2009 revenue doubled over 2008 revenue. Winning major licensing agreements for its SNAP® mesh network operating system with Panasonic and California Eastern Laboratories (CEL), achieving rapid growth in revenue from the energy and asset management markets, and signing an international distribution agreement with Future Electronics positions Synapse for continued growth in 2010.

“2009 was a milestone year for us and speaks to both the hard work of our employees and the growing adoption of SNAP,” said Wade Patterson, president and CEO.  “The machine-to-machine communication markets are exploding and our investments in making SNAP a growing standard for easy, wireless application development are paying off.”

Synapse has increased its workforce by 45 percent since September 2009, and has moved to a new location in Cummings Research Park to provide room for expanded engineering and manufacturing facilities.

Contributing to the record year were an increasing number of design wins from OEMs seeking reliable and secure wireless control and monitoring solutions, the completion of a major contract for RFID technology and the recent deployment of its first pilot units for solar monitoring.

The year was also marked by a number of awards, including “Best New Company” at the Embedded Systems Conference and “Emerging Company of the Year for 2009” by Frost & Sullivan. The year was capped off when SmartGrid.TMCnet.com named the Synapse’s SNAP network operating system as the “2009 Smart Grid Product of the Year.”

About Synapse Wireless, Inc.
Synapse Wireless, Inc. is a privately held, 2007 start-up located in Huntsville, Alabama. Synapse competes in the M2M communication market, which is projected to grow to $14 billion by 2013. Synapse provides intelligent, wireless control and monitoring for M2M communication based on SNAP® standard technology. SNAP mesh network software is an auto-forming, multi-hop, mesh network stack combined with an embedded Python interpreter for running application code. SNAP is the industry’s only solution that was designed from the ground up to work with TCP/IP for seamless connection to the Internet. Synapse’s Portal™ and SNAP® Connect provide a complete software development environment for easy application development and fast time to market. Synapse RF Engine® modules have achieved ZigBee® Compliant Platform (ZCP) certification. Synapse Design Services provides comprehensive design and implementation support for OEMs and partners. For more information, visit: www.synapse-wireless.com

For more Information

Bryan Floyd 
Vice President, Marketing
Synapse Wireless Inc.   
bryan.floyd@synapse-wireless.com  
1 256-852-7888 x106
Susan Cain
Cain Communications
scain@caincom.com
503-538-2747

All Synapse® products are patent pending

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