Steve Altman, Former Qualcomm President and Vice Chairman, Joins the MagnaCom Team
Highly successful IP licensing executive to help MagnaCom proliferate WAM as the new modulation of the 21st century for both wired and wireless networks
Laguna Niguel, CA - MagnaCom has announced that Steve Altman, former President and Vice Chairman of Qualcomm [NASDAQ: QCOM], has joined the MagnaCom advisory board. Mr. Altman is recognized as the chief architect of Qualcomm’s successful IP licensing business, and will now actively assist MagnaCom in developing and executing its technology licensing business. Mr. Altman brings a critical skillset to MagnaCom, as the company enters its next chapter of driving WAM technology to become the new modulation of the 21st century. As part of this arrangement, Mr. Altman is also acquiring a meaningful holding in MagnaCom.
“I’m truly excited to join Yossi, Amir and the MagnaCom team, and am energized by their passion and commitment to advancing the communications industry,” says Steve Altman. “I have been very impressed with how much the company has accomplished so far in demonstrating the advantages of its patented WAM technology. I was fortunate to join the Qualcomm team very early and help build the company’s licensing business, and I look forward to applying my experience to help MagnaCom realize its vision of reinventing digital communications.”
WAM (WAve Modulation) is a vastly superior modulation, announced December 2013 and demonstrated to hundreds of industry executives during CES last month. The live demonstration showed a 10dB system gain advantage compared with legacy QAM (Quadrature Amplitude Modulation) – the modulation used in nearly all global networks for the past 40 years. A 10dB gain results in over 400 percent longer reach, 50 percent lower power, 50 percent better spectrum utilization and massive improvements in speed, throughput and networks operating cost. WAM applies equally to both wired and wireless communication and is 100 percent backward compatible with QAM, while costing less than 1mm2 of silicon to implement. Initial deployment is expected in point-to-point applications, such as wireless backhaul, satellite and fiber, followed by broader adoption into standards-based mass markets like cable, DSL, Wi-Fi and cellular.
“This is a pivotal point in our company trajectory, and Steve is the absolute best person to guide us in turning WAM technology into the ‘next big thing’ in communications,” says Yossi Cohen, co-founder and CEO of MagnaCom. “By demonstrating the 10dB advantage at CES, we were finally able to overcome the natural skepticism by customers, partners and analysts. Our team is now executing our early partnership engagements, while hiring extensively to enable an accelerated scaling to the next level. Steve’s proven track record and right experience, combined with the company’s breakthrough technology, positions MagnaCom to make a huge impact on the telecommunications industry. This is truly an exciting time for the company.”
Steven R. Altman served as a member of Qualcomm's Executive Committee for nearly 15 years, providing direction and guidance on the overall Company vision and strategy. Joining Qualcomm in 1989, his leadership roles have included General Counsel, President of Qualcomm Technology Licensing (QTL), President of Qualcomm,Vice Chairman. Mr. Altman was the chief architect of Qualcomm's IP licensing strategy, responsible for licensing its broad intellectual property portfolio for wireless communications, which has accelerated the growth of CDMA technology. In that role, he was responsible for structuring and negotiating Qualcomm’s license agreements, joint ventures and strategic relationships. Under Mr. Altman’s leadership, Qualcomm entered into domestic and international licensing agreements with the world's largest telecommunications and electronics companies. Mr. Altman's contributions have helped enable the successful growth, evolution and expansion of Qualcomm.
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