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| FreeLinc Acquires Aura Communications Technology
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Innovative company now offers combined patented wireless Push-To-Talk (PTT) and Near-Field Magnetic Induction (NFMI) technology unsurpassed in the industry
October 8, 2007 Orem, UT FreeLinc, the market leader in wireless communication accessories for two-way radios, today announced the completion of its acquisition of Aura Communications Technology, a pioneer in near-field magnetic induction communications.
FreeLinc is the largest wireless accessory communications company in the industry, delivering wireless solutions that provide secure PTT capabilities utilizing secure, short-range technology. FreeLinc currently serves more than 800 military, police, fire, sheriff, and commercial organizations worldwide.
Aura Communications, a privately held company, has been developing near-field magnetic induction based integrated circuits since 1995. Aura has invested over $31 million into research and development and has been issued ten U.S. patents in nearfield magnetic induction technology.
Anthony J. Sutera, CEO of FreeLinc, stated, The acquisition of Aura Communications Technology brings together Auras low-level ASIC magnetic induction technology and FreeLincs system level integration solutions of near-field magnetic induction with existing RF communication systems.
In addition, the combined patent portfolio further protects FreeLincs evolving product suite, strengthening FreeLinc as the premier provider of secure wireless communication products and solutions for the growing public safety, consumer, commercial, and military markets.
This acquisition has created a tremendous market advantage and valuation for our clients and shareholders, said Mr. Sutera. Our relationships with our clients are our single greatest asset and we are in an excellent position to support them with a broader range of products and improved economies of scale. We look forward to strengthening our relationships with all of our clients in the years ahead as we continue to develop innovative communications solutions for markets in demand of secure, wireless solutions.
As part of the acquisition, FreeLinc will add Mr. Robert Fealy to its Board of Directors. Mr. Fealy was a Director of Aura Communications Technology, and is currently Executive Vice President of Duchossois Industries and Managing Director of Duchossois Technology Partners. Mr. Fealy also serves as Chairman of the Board of Directors of AMX, and Director of Churchill Downs, Inc., The Chamberlain Group, Pella Corporation, Brivo Systems and the Illinois Venture Capital Association.
About FreeLinc Founded in 2003, FreeLinc is the pioneer and market leader in wireless communication accessories for two-way radios. Its sole focus and mission is to provide technology and products that help mission-critical communicators experience the safety and mobility of a secure, cord-free environment. For more information about FreeLinc, please visit the companys website at FreeLinc.com
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FreeLinc -Official website
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