Empower RF Systems Receives Minority Investment

Inglewood and Palo Alto, CA -- Empower RF Systems, Inc. announced that it has received a minority investment from Summit Partners, a private equity and venture capital firm with a capital base of nearly $9 billion.

Founded in 1999, Empower RF Systems designs and manufactures solid-state, high-power RF amplifier systems and modules for commercial and military customers worldwide. The product lines cover frequencies from 10 KHz to 15.3 GHz, with power levels up to 2000W.

"We combine innovative product research with the best power amplifier solutions available to reinforce our position as the industry's preferred supplier," said Efraim Bainvoll, the company's co-founder and CEO. "Our partnership with Summit Partners positions us to continue investing in our infrastructure and to execute our commitment to customer satisfaction and quality."

"We are very pleased to serve as Empower's financial partner and to welcome the company to our family of leadership companies in the RF technology sector," said Peter Chung, Managing Partner of Summit Partners, who along with Jennifer Trickett, a Vice President at Summit, will join Empower RF's Board of Directors. "We believe Empower's deep RF engineering expertise, its proprietary technology, and its scalable manufacturing model position the company well for continued success in commercial and defense-related markets. We look forward to working with Effi Bainvoll, William Kong, and the entire Empower RF team in the execution of their growth strategy."

SOURCE: Empower RF Systems, Inc.