Gapwaves AB (publ) and Jariet Technologies Inc have signed a Memorandum
of
Understanding (MoU) regarding cooperation around development of active
antenna
solutions.
Gapwaves and Jariet Technologies aim to jointly explore and
develop their
business relationship with respect to the product development of
state-of-the
-art energy-efficient active antenna solutions on a global scale.
The Parties
intends to expand the focus after the initial phase of product
development to
also include sales and marketing.

Gapwaves is a listed company
that provides cutting-edge antenna solutions for
microwave and millimeter wave
applications by means of products and services. In
its product development,
Gapwaves continuously advances its knowledge and IPR
portfolio, consisting of
the most promising technology for building active
antennas with the highest
level of power efficiency.

Jariet Technologies is a private company that
provides system solutions based on
the direct-sampling of microwave signals.
Jariet is at the forefront of
development and is producing the first of its
kind CMOS based circuits with a
highly experienced team of systems, circuit
design, and layout engineers.
Jariet’s chips are fabricated using leading a
14nm FinFET silicon process,
enabling the highest performing converters on the
market with the lowest
possible power consumption.

“It is very exciting to
start this cooperation between our companies as we feel
our strength in making
chipsets for full digital beamforming needs a cutting
-edge antenna technology
to be realized.” says Charles E. Harper, CEO of Jariet
Technologies Inc.

“This
cooperation is a step towards our vision, to build active antennas with
full
digital beamforming for 5G, where the best chipsets are tightly integrated
in
our antenna structures. Jariet is the first of its kind to deliver a
multi
-channel Digital-to-Analog / Analog-to-Digital Converter / Digital
RF
Transceiver chip that makes full digital beamforming possible. I feel
confident
in this relationship and the benefits to both parties are very clear.
This gives
us the opportunity to commonly demonstrate a pioneering active
antenna solution
at the Mobile World Congress 2018 in Barcelona,” says
Lars-Inge Sjöqvist, CEO of
Gapwaves AB.

The agreement applies for future
collaborative projects aimed at developing
active antennas for 5G
applications.

“The agreements do not have any direct impact on Gapwaves
financials, but it is
a receipt that Gapwaves technology will play a highly
important part in the
development of 5G base stations,” says CEO Lars-Inge
Sjöqvist.

Gothenburg on 2 November 2017

For more information, visit
Gapwaves’s web page www.gapwaves.com or contact CEO
Lars-Inge
Sjöqvist.

Lars-Inge Sjöqvist

Phone number: 0736 84 03 56

E-mail:
lars-inge.sjoqvist@gapwaves.com

This information is information that Gapwaves
AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The
information was submitted for
publication, through the agency of the company,
at 22:00 CET on November 2,
2017.

About Gapwaves AB
Gapwaves AB originates
from research conducted at Chalmers University of
Technology and was founded in
2011 to commercialize inventions for efficient
wireless communication. The
exponentially increasing use of data in our mobile
devices creates an
increasing demand for high performance wireless systems. For
these systems,
Gapwaves AB develops waveguide and antenna products based on the
patented so
called GAP waveguide technology. The company’s markets are e.g.
telecom radio
links, automotive radars, surveillance systems, and
space
observatories.

Gapwaves share (GAPW B) is traded at Nasdaq First North
Stockholm and G&W
Fondkommission is appointed Gapwaves AB’s Certified
Advisor.