SiTune Corporation Secures Series B Financing with Greenlane Investments LLC

December 4, 2009  -- Silicon Valley (San Jose), California -- SiTune Corporation, a leader in CMOS radio-frequency (RF) and mixed signal solutions for mobile, cable and terrestrial TV, announced that it has secured its Series B financing with current investor Greenlane Investments LLC. SiTune will use the proceeds of the new financing for ramping production of its latest generation of state of the art Mobile Digital TV and Universal CMOS TV tuners based upon its P2TUNE architecture and grow its international sales infrastructure. 

‘’ The message from our customers and partners in ASIA pacific and North America  validities  a strong  demand for  SiTune’s Multiple Standard RF CMOS TV  Tuners”  said Vahid Toosi President and CEO of SiTune Corporations. “In order to address the imminent volume, we are ramping up our production infrastructure and aggressively expanding our International presence to support and expand our customer base.”  . 

‘’ Greenlane is pleased about its investments in SiTune Technology and corresponding Market.  SiTune has been the technology leader for high performance, ultra low power and highly integrated CMOS TV Tuners.”  Said Dr. Sam Heidari, managing partner at Greenlane Investments LLC.   ‘’ Technology development phase of SiTune has been flawless. We are excited to participate with SiTune as it demonstrates the leadership to rapidly expand the Digital Mobile TV and worldwide CMOS TV Tuner market.”

About SiTune Corporation:

SiTune Corporation is an innovative leading fabless semiconductor company developing high performance integrated CMOS silicon solutions for mobile, cable & terrestrial TV markets in the United States, Asia, and Europe. The SiTune portfolio consists of advanced RF Tuners, demodulators and single chip (SOC).

SiTune Corporation is a multi-disciplinary and strong engineering team which has demonstrated great achievement and execution in the areas of RF, ASIC, system design and software to produce the most integrated CMOS TV tuners with ultra low power consumption in the market.

SiTune Corporation has its headquarters in San Jose California with various regional Sales offices and representatives, for more information please visit SiTune website at www.situne-ic.com or contact us directly.

About GreenLane LLC:

Greenlane Investments, LLC, is a private equity firm. They are an active, value-added investment partner with an investment strategy focused on building cutting-edge private technology leader companies.

Consumer Electronics Show :

SiTune’s latest advanced RF COMS TV Tuner Technology will be announced at CES in Las Vegas January 7-10.  For more information please contact us directly.