RTX Telecom has signed an agreement with the shareholders in the American company LitePoint orporation to the effect that RTX Telecom will invest USD 1.5 million in the company.

This investment will involve the issuing of new shares in LitePoint Corporation, which will give RTX Telecom 15% ownership.

Who is LitePoint?

LitePoint Corporation is a growth-oriented company that specialises in wireless chip technologies.

The technical staff have long-standing, comprehensive experience relating to the development and delivery of Intellectual Property within wireless technologies that include Wideband Code Division Multiple- Access (WCDMA), GSM/GPRS, IEEE802.11 a/b and Bluetooth. The company currently has exceptional expertise in the fields of component specifications and chip architecture, and LitePoint Corporation’s activities primarily involve assignments relating to RF architecture and RF chip design.

LitePoint Corporation has represented RTX Telecom in conjunction with a number of sales assignments since September 2001, as part of an agreement intended to boost the RTX Telecom sales effort and to take full advantage of the growth potential in the American market.

RTX Telecom will indirectly be able to participate in the definition, development and delivery of Intellectual Property for wireless RF chips.