LGC Wireless Raises $11 Million in Financing Led by Rembrandt Venture Partners

SAN JOSE, Calif., July 11, 2005 - LGC Wireless, a market leader in in-building wireless networking solutions, announced today it secured $11 million in a late-stage mezzanine financing. The company plans to use the funds for general working capital and to continue its expansion of international sales activities. The round was led by Rembrandt Venture Partners, along with strong support from nearly all existing investors. LGC Wireless, which was established in 1996, has raised $91 million to date.

"LGC Wireless impressed us as a marvelous late-stage opportunity with all the key attributes we look for–leading technology in a large market opportunity, a proven track record of satisfying the needs of many of the world's largest wireless operators, a profitable business model and strong management team," said Richard Ling, general partner, Rembrandt Venture Partners. "In-building coverage is increasingly critical to the widespread expansion of wireless applications, and we feel LGC is uniquely-positioned to take advantage of these market trends. We are excited to be adding LGC Wireless to our portfolio."

"We are pleased to have the financial backing of Rembrandt Venture Partners and participation in this financing of so many of our existing investors," said John Niedermaier, executive vice president and chief financial officer of LGC Wireless. “Rembrandt was very persevering and creative in their approach to LGC's needs and deal structure. It became obvious quite early in the process that they will be a true value-add investor in LGC. This financing provides added balance sheet strength and working capital for LGC, positioning us for even greater growth and market expansion."

About LGC Wireless

LGC Wireless is a leading supplier of products for optimizing the deployment of metropolitan cellular, PCS and 3G networks by providing mobile users with reliable in-building access to high quality voice and wireless data. LGC has shipped over 5,500 systems to more than 30 countries, and has provided wireless solutions in some of the world’s landmark properties–the Petronas Twin Towers, the New York airports, the Mirage properties, the Torre Mayor building and the FCC headquarter building. LGC products support all wireless access standards including GSM/GPRS, iDEN, CDMA2000, WCDMA and WiFi 802.11. LGC Wireless is ISO 9001 and ISO 14001 certified, ensuring its quality management and environmental systems comply with rigorous international standards of excellence.

About Rembrandt Venture Partners

Rembrandt Venture Partners (Rembrandt), established in 1997, is a private equity venture fund which targets investments primarily in early seed or late-stage expansion high technology companies that demonstrate potential for significant growth or near-term liquidity. Rembrandt has established a network of relationships with its various constituencies consisting of our individual Limited Partners, our distinguished advisory board, our co-investment alliances with major venture capital firms coupled with the unique network of each of the General Partners. Our limited partners and advisors include prominent and highly visible CEOs, CTOs, entrepreneurs, venture capitalists and investment bankers.