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Altair’s TD-LTE Chipset Selected by Olive Telecom, India’s leading Convergence Solutions Device Developer

HOD HASHARON, Israel – May 10, 2012 – Altair Semiconductor (http://www.altair-semi.com), a leading developer of ultra-low power, small footprint and high performance 4G LTE chipsets, today announced that its ‘Hornet’ TD-LTE chipset, recently introduced to the Indian market, has been selected by Olive Telecom to power Olive’s line of LTE enabled products. Olive Telecom is a world class designer and supplier of wireless devices, 2G/3G mobile handsets and smart phones, connected mobile computing devices and advanced data modems.

“We are very pleased to have been selected by a leading designer and supplier of mobile and portable devices such as Olive for use in their products,” said Eran Eshed, Co-Founder and VP of Marketing and Business Development at Altair. “Olive’s selection of Altair reaffirms the leadership position Altair has built in the Indian market. We look forward to building on our partnership with Olive and continuing to expand our footprint in the Indian market.”

“Altair’s LTE solution was a natural choice for us to integrate into our 4G enabled devices, customized for the Indian market,” said Artem Orange, President Operations at Olive. “The combination of maturity, performance and cost will enable Olive to differentiate our products and shorten our time to market.”

Altair is a market leader in the global TD-LTE industry. Altair-based products are commercially deployed in Brazil and the Company has completed advanced pre-commercial field trials with carriers around the world, including Softbank in Japan, China Mobile and leading carriers in India. Altair’s TD-LTE solution is the first to have demonstrated Category 4 throughputs publically in China and Japan.

About Altair Semiconductor
Altair Semiconductor is the world’s leading developer of ultra-low power, small footprint and high performance 4G semiconductors. Altair’s chipsets can be found in approximately 30 end-user devices – ranging from USB dongles to smartphones – built by its more than 15 customers across North America, Europe, China, India and Taiwan – making it one of the only TDD/FDD LTE chipset manufacturers in the world with commercially available products. Altair’s comprehensive product portfolio includes baseband processors, multi-band RF transceivers for both FDD and TDD bands, and a range of reference hardware and product level protocol stack software. Based on a novel, proprietary Software Defined Radio (SDR) processor, codenamed “O[2]P™”, Altair’s products are the smallest and most highly power optimized in the industry, offering an unmatched combination of flexibility and performance. For more information, visit the company’s website at http://www.altair-semi.com. Follow Altair on Twitter: @AltairSemi

About Olive Telecom
Olive Telecom is a world class designer and supplier of wireless devices; 2G/3G mobile handsets and smart phones, connected mobile computing devices and advanced data modems. With marketing reach in more than 24 countries, Olive Telecom develops customized products for mobile operators worldwide. For more information, please visit www.olive.net.