Calgary, Canada – March 1st, 2011 – RAD3 Communications Inc. (RAD3), a communications intellectual property (IP) company, today announced the acquisition of the assets of Nextwave Semiconductor, a fully owned subsidiary of Nextwave Wireless Inc..

Rad3 has acquired the assets of Nextwave Semiconductor which consists of silicon proven WiMax reference designs including Media Access Control (MAC) and OFDMA Physical Layer (PHY) software and hardware,  3GPP LTE User Equipment (UE) Layer 1 software, test equipment and various other Intellectual Property (IP) Assets.

“The acquisition of the Nextwave Semiconductor assets provides RAD3 with an incredible foundation to continue delivering its LTE and WiMax solutions.” said Roger Bertschmann, President RAD3. “Nextwave Semiconductor was one of the early technology leaders in WiMax and developed an industry leading high performance WiMax subscriber station chipset.  In addition, Nextwave’s experienced wireless team also developed LTE solutions which Rad3 will be able to capitalize on.  The assets are complementary to Rad3’s existing products and provide an excellent base to draw on when providing wireless solutions to our customers.”

About RAD3 Communications Inc.

RAD3 is a leading supplier of communications intellectual property (IP) for new and emerging wired and wireless communication standards.  RAD3’s extensive library of IP solutions enables communication companies to rapidly design and build their products using a suite of industry proven IP.  For more information, please visit RAD3’s web site: www.rad3comm.com.