-----Original
Message-----
From: Mark McCall
[mailto:mark@xxxxxxx]
Sent: 29 November 2001
09:36
To: ukha_d@xxxxxxx
Subject: [ukha_d] NEWS -
Ethernet
Over Mains
29 November 2001
Submitted By: Mark McCall
"A new base for a Welsh company which is developing technology likely
to
revolutionise communications in the home and in the small firms sector is
being
officially opened this week at Imperial Park,
Newport.
LANergy Ltd. intends to double its existing workforce of
some 13 scientists as it begins production of hardware and software, which
will
allow small and medium sized firms and private homes easy access to the
astonishing potential offered by broadband
communications.
The company was created earlier this year with the
backing
of a £1.35 million investment syndicate which was led by Finance Wales'
Innovation Fund and which included Welsh technology entrepreneur Terry
Matthews
together with Jon Moulton of Alchemy Partners and venture capital company
'Wales Fund Managers'
Essentially, LANergy's pioneering technology removes the
need to wire every device in the home or office into a new network to use
high
speed, broadband voice, video and data.
The cost of doing has so far deterred most SME's from
installing new networking links and enjoying the huge business benefits of
broadband communications.
But LANergy's technology will use existing electrical
circuits to allow homes and business to connect personal computers, TVs,
telephones and other devices without the need to install any new wiring.
It will also mean that many more people in future will
find
it easier to work from home
LANergy's new headquarters at Imperial Park was jointly
declared opened today by the company's newly appointed Chairman David Dey,
formerly Chairman of British Telecom and of Energis, and by Finance Wales'
Chief Executive Colin Mitten.
Said David Dey: " We have some tremendously
exciting
technology which is on the verge of coming to market. Looking forward, we
plan
to grow the company and become a significant, technology-based employer in
the
Newport region. These are very exciting times for
LANergy."
For more information: http://www.automatedhome.co.uk
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