ECONAIS Announces Financing

PATRAS, Greece, November 3, 2011 -

Investment to fuel technology expansion for fast growing sector Internet of Things

Today, eConais announced equity financing round completion led by company founders and Silicon Valley veteran and technology pioneer Mr. George Perlegos, to develop Wi-Fi systems for Internet applications. eConais products provide Wi-Fi client, access point and Wi-Fi Direct™ solutions for applications requiring high priority on system cost, power consumption, ease of use, and fast wake-up times. Leveraging the integration of a low power embedded processor and world’s smallest TCP/IP stack into a single low footprint package, enables eConais modules to provide Wi-Fi standards connectivity in secure modes to devices and systems such as industrial equipment, medical electronic systems, POS equipment, smart grid and metering equipment, M2M communications and remote configuration applications. eConais Wi-Fi modules empower everyday objects to become internet ready and enables wireless “Internet of Things” ecosystems in a low cost manner.

About eConais

Launched in August of 2008 by Dr. Alex Maniatopoulos, eConais’s quickly expanding portfolio includes Wi-Fi modules, software development kits, reference designs, and OEM solutions. eConais has successfully accomplished several multinational projects including industrial installation of telemetry systems over Wi-Fi, cellular, and additional RF technologies. The eConais Headquarters and R&D center is located in Patras, Greece where the company’s product pipeline is developed. Recent office expansion into the Silicon Valley enables eConais to address worldwide sales and support needs while in parallel to develop distribution networks and partnerships.

Availability and Pricing

Contact sales@econais.com for quotation, samples, and volume production inquiries and details.

Press Contact: Please send inquiries to press at econais.com, +30-2610-453059 (press office)