Last updated on April 23, 2014 at 1:22 EDT

ECONAIS Announces Financing

November 3, 2011

PATRAS, Greece, November 3, 2011 /PRNewswire/ –

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
[http://www.wi-fi.org/Wi-Fi_Direct.php ](TM) 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.

SOURCE eConais Inc

Source: PR Newswire