-- Open Kernel Labs (www.ok-labs.com): "As handset OEMs and semiconductor suppliers create the next generation of faster and more capable wireless devices, virtualization will play an increasingly critical role in addressing the key challenges of BOM cost and meeting security and reliability requirements," commented Steve Subar, Open Kernel Labs CEO. "With this investment, OK Labs is positioned to amplify our unique position as the only embedded virtualization solution shipping on handsets today, solidifying its position as a key supplier to the supply chain driving the wireless ecosystem." -- Chrysalis Ventures (www.chrysalisventures.com): "The opportunity for embedded virtualization is clear -- over one billion mobile handsets and hundreds of millions of other connected intelligent devices are sold annually," stated John Willmoth, Venture Partner at Chrysalis Ventures. "Recently, we have seen greater emphasis on the operating system and software aspects of mobile devices, as evidenced by the increase in the number and diversity of smartphone devices and applications. OK Labs has proven technology that enables device manufacturers to manage this complexity in a more timely, secure and cost effective manner, and is a great fit for the Chrysalis portfolio of media and communications investments." -- Citrix Systems (www.citrix.com): "Our investment in OK Labs demonstrates our belief that virtualization will act as a catalyst for optimized application delivery to a large and growing class of mobile devices," noted Michael Cristinziano, Citrix Corporate VP, Strategic Development. "Together, OK Labs and Citrix can further enable businesses to extend enterprise applications beyond the desktop, to reach a worldwide community of mobile business people and wireless end users." -- Neo Technology Ventures (www.ntfund.com): "OK Labs continues to impress our partners with its core technology, its reach into global markets, and with its sustainable business model, even in today's challenging global economy," said Marc Woodward, General Partner, Neo Technology Ventures. "Neo Technology's funding will further substantiate OK Labs solid leadership position in embedded virtualization by accelerating their product roadmap and delivery of their key enabling technology to handset OEMs and mobile operators in Asia, Europe and North America."Open Kernel Labs Open Kernel Labs is the leading supplier of open source embedded hypervisor and virtualization technology to developers of embedded designs for mobile handsets and other consumer electronics applications. Backed by the largest, independent team of microkernel developers, OK Labs delivers OKL4, an embedded hypervisor, which offers the highest performance combined with strong protection and security features. OKL4 provides developers with a robust, open source platform for building secure, differentiated embedded applications. For more information about OK Labs and its products, visit www.ok-labs.com. OK Labs is a spin-out from NICTA, Australia's preeminent Center of Excellence for information and communications technology, http://nicta.com.au/. For information on the OK Community, please visit the Community Portal at http://www.ok-labs.com/community/community-portal. Participants can join the Developer's Mailing List at http://www.ok-labs.com/community/mailing-list-signup. Open Kernel Labs, OK Labs and Secure HyperCell are trademarks or registered trademarks of Open Kernel Labs or its affiliates in the U.S. and other countries. Citrix® is a trademark of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. Other names may be trademarks of their respective owners.
Contact Information: CONTACT: Chris Walker Connect Public Relations (801) 373-7888 Marti Konstant Open Kernel Labs (312) 933-0101