Conemtech AB and Qulsar has today announced the completion of their joint venture which will provide timing solutions to fulfill the needs of existing and growing markets including 4G LTE (News - Alert) wireless infrastructure, smart power grid, and Internet of Synchronized Things (IoT).
Precise time synchronization is required for mobile communications, network operations, efficiency and the emerging and smart power grid infrastructure. The unified Qulsar will offer plug-and-play timing solutions that incorporate multiple timing inputs, leveraging their strengths for robust operation and seamless failover.
According to Rajen Datta, President & CEO of Qulsar, "The steep technology curve in high precision timing requirements is driving demand for disruptive, cost efficient solutions. The physics of precision timing is a highly specialized field. The combination of Qulsar’s subject matter expertise in a broad range of time and frequency technologies and market awareness with Contemtech’s powerful platform, deep knowledge of packet-based network synchronization and established market traction, will enable the unified company to deliver solutions that can be deployed ubiquitously and lower CAPEX & OPEX (News - Alert) for customers and network operators."
While many details still need to be worked out, the completion of the deal led to a number of key appointments. In the combined company (to be called Qulsar, Inc.), Mr. Datta will serve as CEO, Mr. Andersson will serve as COO and Dr. Kishan Shenoi will serve as CTO. The company will have operating offices in Kist Sweden, and with its headquarters in San Jose, CA (News - Alert), USA.
Ola Andersson, CEO of Conemtech, AB said in a statement, “Prior to the merger, the two companies enjoyed a close, collaborative relationship and a shared commitment to our customers. As we move ahead, we are poised to build on our momentum, scaling our team, expanding and building global market traction.”
Edited by Cassandra Tucker