Programmable RF Chip Pioneer, WiSpry Secures $10-Million Series C Financing

-- Paladin Capital Group leads the round of financing as WiSpry's newest
investment partner --

IRVINE, Calif., April 7 /PRNewswire/ -- WiSpry, Inc., the leader in
programmable radio frequency (RF) semiconductor products for the wireless
industry, today announced its first closing for a Series C financing of $10
million dollars. The round was led by a new investor in the company, Paladin
Capital Group, which is also gaining a seat on WiSpry's board of directors, as
well as existing investors L-Capital Partners and Blue Print Ventures. A new
strategic investor, MuRata Manufacturing Co., Ltd., and additional existing
investors American River Ventures, In-Q-Tel, Tech Coast Angels and Shepherd
Ventures also participated. A second close of the Series C, anticipated to be
at least $5M, is expected to be completed this summer.

WiSpry, a fabless RF semiconductor company, is developing highly-integrated
and cost-effective programmable RF products for multi-band, multi-standard
handsets including tunable antennas and tunable impedance matching networks
using industry standard CMOS processes. This unique technology enables the
wireless industry to provide users with smaller, more technically advanced,
and more energy efficient wireless devices that reliably stay connected at the
high data rates that future mobile wireless applications will require. The
Company's RF product solutions are revolutionizing the design and capability
of high volume wireless products by enabling, for the first time, the
convergence of digital, analog, RF and MEMS functionality on a single chip,
creating a platform for true "RF- system-on-a-chip" solutions.

"Completion of a financing with new investors in this economic climate is
validation of the tremendous progress we have made at WiSpry and a tribute to
our employees who have continued to execute and ready our first product for
volume production this year with our key customers," said Russ Garcia,
WiSpry's CEO. "As the demand for multi-band 3G and 4G wireless handsets
continue to grow, the need for digitally programmable RF becomes even greater.
The capability we are bringing to market enables cost-effective solutions
that boost performance for both carriers and handset manufacturers. And, the
consumer ultimately benefits with fewer dropped calls and longer battery life.
Our products provide a true win-win across the entire wireless communications
food chain."

"The traction from the top handset manufacturers that the company has
developed already is remarkable and validates the market need for their
product technology," said Paul Conley, Paladin Capital Group. "As we have
gotten closer to WiSpry over the last several months, this team's execution to
critical milestones has been outstanding and we are pleased to be a part of
such a strong team. We believe that WiSpry's tunable RF-MEMS products and its
technology will enable a new generation of mobile devices with better energy
efficiency, smaller form factor and superior RF performance that are able to
seamlessly support multiple mobile communication standards and worldwide
frequency bands for both consumer and homeland security applications."

This funding round will help expand the company's operations, engineering and
applications support structure as WiSpry begins production shipments to
leading wireless handset OEMs and ODMs this summer.

About Paladin Capital Group
Founded in 2001 and headquartered in Washington, D.C., Paladin Capital Group
is a leading multi-stage private equity firm providing capital for growing
companies focused on commercial and government markets, and offering products,
services and technologies that address homeland security needs and enhance
critical infrastructure world wide. Paladin has over $980 million under
management across multiple funds and 35 portfolio companies. Importantly, the
fund's leadership is comprised of individuals with a proven track record of
financial expertise, national security experience and specialized technical
competence. For more information, visit www.paladincapgroup.com.

About WiSpry
Headquartered in Irvine, Calif., WiSpry is a fabless RF semiconductor company
that designs and manufactures RF CMOS integrated circuits and components for
leading manufacturers of mobile phones, laptops and wireless data
communications products. Utilizing the Company's core competency in RF
micro-electro-mechanical systems (RF-MEMS) technology, WiSpry creates
revolutionary wireless 'System on Chip' MEMS-based RF architectures, and has
recently begun shipping products to a Tier 1 mobile handset manufacturer.
WiSpry tunable RF-MEMS devices enable the development of reconfigurable RF
front-ends, allowing system designers to achieve the architectural innovation
required to meet the growing challenges of mobile communications networks. For
more information, visit www.wispry.com.

SOURCE WiSpry, Inc.

Lisa Porter of Porter Creative Group, +1-949-752-5891,
lporter@portercreative.com, for WiSpry