Xtendwave Awarded Second Phase of Small Business Innovation Research Grant from the National Science Foundation; Receives Additional Private Equity Funding

Company Will Utilize Funds to Bring Vastly Improved Copper Network Transmission Technologies to Market

Dallas– March 12, 2011 – Xtendwave, the technology company dedicated to changing the economics of network transmission and reception technologies, today announced that it has been awarded the Phase II portion of its Small Business Innovation Research Grant (SBIR) grant from the National Science Foundation. Phase I of the SBIR grant was awarded to the company in October, 2009. The company said the award was based upon successful completion of its initial work in extending copper network signals which will allow faster transmission over longer distances.

The company also announced that it has also received a matching private equity investment from an unnamed investor, that will provide Xtendwave the funding needed to deliver it copper network solution to the market.

Mort Aaronson, chairman and chief executive of Xtendwave, said “Xtendwave is honored to receive the financial support of the National Science Foundation and our new private investors. These funds will allow us to deliver a groundbreaking, new copper network technology to the market. We thank the NSF for their support of technology companies like Xtendwave, who seek to reuse existing infrastructure more efficiently, and are the growth engines of the American technology market.”

About Xtendwave

Xtendwave provides patented technologies for wired and wireless networks that improve the speed, capacity and distance of signals traveling over those networks. The company is based in Dallas, Texas and consists of former technology and business executives Texas Instruments, MCI, KN Energy, Qwest, Cincinnati Bell, Marconi and Siemens. More Information is available at: www.xtendwave.com