NEWS HIGHLIGHTS

  • Two new investments in Jeeran and ShooFeeTV
  • Intel Capital expands Middle East portfolio with Nymgo
  • Intel Capital continues its commitment to fostering entrepreneurship in the Middle East

MARRAKECH, Morocco, Oct. 27, 2010 – Intel Capital, Intel Corporation’s global investment organization, continued its strong commitment to fostering innovation and entrepreneurship in the Middle East with the announcement of three investments. The investments were announced today at the World Economic Forum on the Middle East and North Africa.

Further building on Intel Capital’s commitment to provide continued support for its portfolio companies, Intel Capital provided a second financial boost to Jordan-based Jeeran (online social networking) and  ShooFeeTV (web-based entertainment guide), both of which were originally funded in May 2009. Intel Capital also announced expanding its investment portfolio in the region to a total of eight with the addition of United Kingdom and Lebanon-based Nymgo (VOIP telephony services).

The announcements follow Intel’s fifth year celebrations for the Digital Transformation Initiative, established in 2005. Initiated with a pledge to aid socio-economic development in the Middle East, Intel reaffirmed its commitment to help the region grow by inspiring innovation, promoting research and enhancing education in the Arab world.

“These investments highlight the innovative thinking and potential in the Middle East and we are excited about the on-going development and the regions evolving technology landscape,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “We fully support and believe in prospects for the Middle East and look forward to supporting these companies in their growth in the coming years.”

Details on the new investments include:

Jeeran (Jordan) is a vibrant web community platform representing the next evolution of social networking. Jeeran introduced a breakthrough in the social networking industry with its young and innovative vision that provides Arab users with the latest tools and creative means to communicate and interact. Jeeran will use the funds to deploy city portals in each of the major Arab cities across the Middle East.

ShooFeeTV (Jordan) is a content provider and aggregator of Arab satellite channel listings, which centralizes information for more than 270 channels.  The information includes programming data, celebrity news, pictures and video clips with 800,000 unique entries, movies, trailers and photographs. ShooFeeTV will use the funds to enhance their working capital and expand their business model.

Nymgo (UK and Lebanon) launched in December 2008 and offers end VOIP services. With over two million downloads, Nymgo serves customers in over 200 countries worldwide. Since creation, Nymgo has served over 300 million minutes of international calls generated by a global customer base. With Intel’s help, Nymgo will accelerate infrastructure deployment, operations enhancement and global marketing.

Feroz Sanaulla, Intel Capital’s Director for the Middle East and Africa said: “We trust in local talent and believe that Arabic providers should be fully equipped to supply regional content. By investing in such companies that inspire, create or deliver local content, we are on the right path toward a positive future in the Middle East.”

The funding for investments in the region comes from the US$50 million Intel Capital Middle East and Turkey Fund. This fund invests in companies developing innovative hardware, software, local content, and services throughout the Middle East and Turkey.

          

About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2009, Intel Capital invested US$327 million in 107 investments with approximately 50 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com.

About Intel Digital Transformation Initiative for the Middle East

The Intel Digital Transformation Initiative for the Middle East is a comprehensive, multi-year program aims at expanding Intel's commitment to foster local innovation and competitiveness throughout the region by enhancing education, inspiring entrepreneurship and promoting research.

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Pictures supporting this press release can be found here:

http://www.flickr.com/search/?w=all&q=WEF+morocco&m=text

and a transcript of the webcast here

http://www.livestream.com/worldeconomicforum

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

CONTACTS:

Nawras Sawsou                           Hala Saqqa   

+971 (50)8181270                       +971(4)3344930
nawras.sawsou@intel.com           hala.saqqa@hillandknowlton.com

University Research Center Will Lead to New User Interfaces and Experiences

 

 

NEWS HIGHLIGHTS

·   Intel Corporation, Nokia and the University of Oulu have announced the establishment of their first joint research center.

·   One of the first objectives of the new lab is to create new and compelling mobile user experiences that leverage the rapidly increasing capabilities of mobile devices.

·   The lab is the latest member of Intel Labs Europe – Intel’s European Research Network.

 

OULU, Finland, Aug. 24, 2010 – Intel Corporation, Nokia and the University of Oulu officially opened the Intel and Nokia Joint Innovation Center today. It will employ about two dozen R&D professionals and become the latest member of Intel’s European Research Network, Intel Labs Europe.

Initially the lab will conduct research for new and compelling mobile user experiences that could leverage the rapidly increasing capabilities of mobile devices. Creating interfaces that are more similar to interactions in the real world can enable experiences that are more natural and intuitive, in the same way that modern games and movies are more immersive through the use of realistic 3-D graphics.

The new lab is well aligned with the MeeGo open source platform recently launched by Intel and Nokia. MeeGo provides the greatest flexibility for developing new 3-D experiences on mobile devices as much of the lab’s research activity will also be open source.

  “The University of Oulu’s focus on future telecommunications solutions as well as electronics and photonics made it the perfect location for the Intel and Nokia Joint Innovation Center,” says Justin Rattner, Intel chief technology officer and director of Intel Labs.

Another potential area of research could look into technologies that allow displaying a 3-D hologram of the person you are talking to on the phone, a capability only found in science fiction movies today. Consumers will feel more involved and engaged with their mobile experience than with current methods.

“3-D technology could change the way we use our mobile devices and make our experiences with them much more immersive,” said Rich Green, Senior vice president and chief technical officer, Nokia. “Our new joint laboratory with Intel draws on the Oulu research community’s 3-D interface expertise, and over time will lay down some important foundations for future mobile experiences.”

The lab will be located at the Center for Internet Excellence at the University of Oulu, and will work closely with the Oulu Urban Living Labs, which provide a unique environment for sensor research, testing and piloting technological and social innovations. The Intel and Nokia Joint Innovation Center follows a successful industry and academia collaboration model similar to the ones of Intel Labs Barcelona and the Universitat Politècnica de Catalunya in Spain, the Intel Visual Computing Institute and the Saarland University in Germany or Intel Labs Berkeley at the University of California at Berkeley in the United States.

 

About Intel Labs Europe

            Intel R&D/Innovation in Europe is driven by a network of research labs, product development labs and innovation labs spanning the region as well as a variety of Intel business units. Intel Labs Europe was formally established in early 2009 as the central means of coordinating activities across this diverse and extensive network, and to strengthen and improve Intel’s alignment with European R&D. Today, Intel’s European research & development network, Intel Labs Europe, consists of 22 labs employing more than 900 R&D professionals.

 

About Intel

            Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com.

 

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Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

 

 

CONTACTS:

 

Intel CorporationNokiaUniversity of Oulu
Markus WeingartnerCommunicationsMinna Rautakorpi
+49-89-9914-3145+358-71-80 3-4900+358-45-261-6888
markus.weingartner@intel.compress.services@nokia.com minna.rautakorpi@cie.fi   

 

 

Pictures from the official Intel and Nokia Joint Innovation Center opening event will become available on August 24, at 8:00 AM (CET) here:

http://heikkala.kuvat.fi/kuvat/CIE_Intel_Nokia_PressPics

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