Titan Corp. Launches E-tenna Subsidiary
- By Gail Repsher Emery
- May 14, 2001
Titan Corp. of San Diego May 14 launched e-tenna Corp., a subsidiary developing and licensing radio frequency technologies that are expected to reshape broadband wireless connectivity worldwide.
Titan also named start-up veteran Lee Stein as e-tenna's chairman and chief executive and wireless industry veteran David McCartney as president.
Titan creates technology-based businesses. It formed San Diego-based e-tenna last year to facilitate the transfer of technology designed for government and military customers to the commercial wireless market.
The subsidiary will create radio frequency subsystems and components with the goal of redefining global standards for efficiency, performance, size and cost.
"E-tenna is a prime example of Titan's corporate mission of creating, building and launching technology-based businesses offering innovative solutions to global markets. With e-tenna, we have taken antenna technology developed for the government and created a company that we believe has the potential to set a new standard for RF system solutions," said Gene Ray, Titan chairman and chief executive officer.
Since 1980, Stein has been chairman of Stein & Stein Inc., an advisory and management firm, and a general partner of the Stein Co. Ltd., an investment partnership. He has assumed operating roles in many of the partnership's investments.
McCartney has held senior management positions with Bosch Telecom, Motorola and Ericsson. Most recently, he was executive vice president of RangeStar Wireless, a startup focused on the embedded antenna market.
E-tenna has received financing totaling $7.3 million since its formation in June 2000, according to Titan.
E-tenna's funding, led by Archery Capital LP of New York, will accelerate the deployment of e-tenna's advanced artificial magnetic conductor technology with wireless device manufacturers worldwide.
This technology is expected to significantly improve wireless device integration, performance, size and cost. The funding will also enable e-tenna to speed work on three additional product lines, Titan said. Following the financing, Titan maintains a majority interest in e-tenna.