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Metawave Adds Infineon Technologies as New Investor to Advance Its Wireless Technologies

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Metawave Corporation today announced the addition of Infineon
Technologies (FSE:IFX) in its recent financing round. The two companies
are working closely to deliver the next generation of Metawave's
long-range, high-resolution WARLORD radar for Advanced Driver Assistance
Systems (ADAS). The terms of the investment were not disclosed.

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https://www.businesswire.com/news/home/20180814005252/en/

Metawave's Long Range, High Resolution Radar (Graphic: Business Wire)

Metawave's Long Range, High Resolution Radar (Graphic: Business Wire)

Metawave is building wireless technology platforms using engineered
metamaterials and Artificial Intelligence (AI) to develop the first
long-range, high-resolution WARLORDTM
radar platform with imaging and object classification capabilities for
ADAS and autonomous driving. In addition, Metawave is developing hybrid
analog and digital smart antenna SABERTM
platforms for Fixed Wireless and the 5G cellular infrastructure to power
dense point-to-point, point-to-multipoint, and mesh configurations for
backhaul and access networks. This technology enables longer-range reach
to extend the footprint of base stations, using narrow beams formed and
steered in the analog space without causing or being susceptible to
interference.

"This investment is another step by Infineon to further expand our Radio
Frequency Integrated Circuit (RFIC) Transceiver technology expertise in
automotive radar and wireless RF communications in general," said Ritesh
Tyagi, Head of Silicon Valley Automotive Innovation Center of Infineon
Technologies America Inc. "Metawave's solutions are highly complementary
to our radar portfolio."

"We've been working closely with Infineon to integrate our front-end,
high-resolution radar imaging capabilities with Infineon's
market-leading, highly integrated 77GHz radar transceivers supporting
ASIL-C automotive systems," said Metawave's CEO, Maha Achour, PhD. "Our
team has already demonstrated a high-resolution automotive 77GHz radar,
with object classification capabilities based on a simpler architecture
that scales for long ranges and wider field of views. We welcome
Infineon to our group of forward thinking investors who understand the
broad reaching implications of Metawave's technology."

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions
that make life easier, safer and greener. Microelectronics from Infineon
is the key to a better future. In the 2017 fiscal year (ending 30
September), the Company reported sales of around €7.1 billion with about
37,500 employees worldwide. Infineon is listed on the Frankfurt Stock
Exchange (ticker symbol: IFX) and in the USA on the over-the-counter
market OTCQX International Premier (ticker symbol: IFNNY).

About Metawave

Metawave is a wireless technology company that seeks to revolutionize
the future of wireless communications and radar sensing. Leveraging
adaptive metamaterials and AI, Metawave's primary focus is to build
intelligent beam-steering radar for autonomous driving. Changing the way
automakers deploy radar, Metawave is building high-performance radars
capable of 4D point-cloud imaging, non-line of sight object detection,
and vehicle-to-vehicle communication, making cars safer, smarter, and
connected. In parallel, Metawave is developing smart antenna platforms
for Fixed Wireless and 5G cellular networks to provide faster
infrastructure and near-instant connectivity for billions of people.
Founded in 2017, Metawave is located in Palo Alto and Carlsbad, CA.
Visit the Metawave website at www.metawave.co,
follow us on Twitter @metawavecorp,
on Facebook,
or contact us at info@metawave.co.

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