April 30, 2002

Motia announced today that it has closed a $5 million round of financing

Pasadena, Calif - Led by Kodiak Venture Partners, the round also included investment by Axiom Venture Partners and Carrot Capital.

"Motia’s technology has the potential to grow and revolutionize the wireless communications industry," said Mike O’Neill, Partner, Kodiak Venture Partners, a seed and early stage venture capital firm focusing on communications, semiconductor and software opportunities. "The company’s products will certainly attract attention in the industry, especially as wireless technologies become increasingly sophisticated."

Motia is developing wireless semiconductors, chip sets and modules that vastly improve the performance of wireless services. The company will create new revenues for its OEM partners in high performance wireless markets.

"Closing this round in the current market conditions is a strong endorsement of Motia as an innovator in the explosive wireless market," said Paul Sun, President and CEO of Motia. "This funding will be instrumental in growing our product portfolio and positioning the company to be a leader in our target markets."

Mike O’Neill of Kodiak and Sam McKay of Axiom Venture Partners will join Motia’s board of directors.

For more information, visit www.motia.com or contact info@motia.com.

Motia Secures Funding to Advance Technology for Wireless Services
—Kodiak Venture Partners Leads $5 Million Round—
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Contacts:
Luciana Castro
Kodiak Venture Partners
(978) 369-3687
luciana@kodiakvp.com

Susan Hager
Sterling Hager, Inc.
(617) 926-6665 x263
susan@sterlinghager.com