It is estimated that by 2015 the demand for wireless bandwidth is expected to be 30 times the bandwidth required today. Wireless network operators are challenged to provide access to multimedia services including voice, e-mail and video seamlessly on any device, at anytime and anywhere to meet consumer's insatiable demand.

Magnolia Broadband, Inc. (“Magnolia”) founded by serial entrepreneur and renowned wireless innovator Haim Harel, is the inventor and developer of Mobile Transmit Diversity (“MTD”), an innovative beam forming RF solution which that provides the capacity and scalability to address significant growth in mobile data usage, enables new revenue opportunities and delivers innovative services - faster and more reliably without any changes to network system architecture.

For over a decade, when most of the industry was focused on downlink enhancement, Magnolia with vision and foresight had invested over $60 million in inventing and patenting Mobile Transmit Diversity (“MTD”), a beam forming technology that is field proven to provide over 4dB of additional uplink margin in operator networks. With MTD, operators and their suppliers will reap the very significant financial benefits this additional link margin provides. This strategic move has established the company as a leader in the area, which is emerging as a key operational need for carriers for which there are limited technical options. MTD is a beam forming, patented solution, which enables wireless carriers to offer higher data throughput and improves coverage at cell edge with no change to base stations or wireless standards.