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Intellon Corporation

Intellon Corporation Raises US$24.5 Million in Financing

Ocala, Florida (ots/PRNewswire)

- BCE Capital, Goldman, Sachs & Co., Intel and Motorola Are New
Investors in Powerline Communications Technology Leader
Intellon Corporation, the leading provider of HomePlug-compatible
IC's for home networking, networked entertainment and connected
powerline applications, today announced it has raised US$24.5 million
in new equity financing. The investment was led by BCE Capital, which
is affiliated with Bell Canada, Canada's largest communications
company. BCE Capital, Goldman, Sachs & Co., Intel Capital and
Motorola Ventures joined existing investors Comcast Interactive
Capital, Duchossois TECnology Partners, EnerTech Capital, Fidelity
Ventures, Hydro-Quebec CapiTech, Liberty Associated Partners, LP,
Philips Venture Capital Fund, TL Ventures and UMC Capital Corporation
in the financing round.
Intellon will use the new funds to continue its growth and
accelerate the deployment of its next generation HomePlug(R) AV
compatible integrated circuits (ICs). Building on the company's
existing line of HomePlug 1.0 compatible ICs that are already being
used on six continents for home networking, broadband over powerline
(BPL) and commercial applications, Intellon's HomePlug AV ICs will
enable whole-house distribution of high definition video and digital
audio over existing home electrical wiring and coaxial cable, with
robust quality of service and tight control of latency and jitter.
"This new round of funding will help Intellon capitalize on the
continuing growth of the powerline communications market," said
Charlie Harris, chairman and chief executive officer of Intellon. "We
are pleased to add BCE Capital, Goldman Sachs, Intel Capital and
Motorola Ventures as new investors in Intellon."
About BCE Capital:
BCE Capital is a leading Canadian venture capital firm. Founded in
1987, the firm has built a track record of investing in and
developing some of the most successful emerging growth communications
and information technology companies in North America. BCE Capital
has backed over 40 management teams, and has seen several of them
through IPOs and acquisitions. Currently, the firm is investing in
Fund IV, a US$200 million fund focusing on early-stage communications
and IT companies.
BCE Capital is affiliated with Bell Canada Enterprises (BCE),
Canada's largest communications company. Through its main subsidiary
Bell Canada, BCE provides local telephone, long distance, wireless
communications, Internet access, data, satellite television and other
services to residential and business customers through some 27
million customer connections ... For more information, visit
http://www.bcecapital.com.
About Goldman Sachs
Goldman Sachs is a leading global investment banking, securities
and investment management firm.
About Intel Capital
Intel Capital, Intel's venture investment program, focuses on
making minority equity investments to grow the Internet economy in
support of Intel's strategic interests. Intel Capital invests in
hardware, software and services companies in several market segments,
including computing, networking, and wireless communications. Intel
Capital has invested more than US$4 billion in approximately 1,000
companies in more than 30 countries since 1991. Since its inception,
about 160 portfolio companies have been acquired by other companies
and another 150 have gone public on various exchanges around the
world. Intel Capital employs investment managers in about 25
countries worldwide. Last year alone, Intel Capital invested more
than US$130 million in about 110 deals with approximately 40 percent
of its investments made outside the United States. For more
information, visit http://www.intel.com/capital.
Abouut the Intel Digital Home Fun
The US$200 million Intel Digital Home Fund, one of Intel Capital's
investment program initiatives, was established in January 2004. It
targets companies developing hardware and software, as well as
connectivity and supporting technologies that enable people to enjoy
digital content -- including music, games, photos and video -- on
multiple devices in the home and beyond.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital
investment arm of Motorola, Inc. MV invests at all stages in
developing companies of strategic value to Motorola in order to
accelerate access to new technologies, new markets and new talent.
For more information, visit http://www.motorola.com/ventures.
About Intello
Intellon is the world leader in standards-based integrated
circuits for powerline communications, providing HomePlug(R)
compliant and other powerline integrated circuits for home
networking, networked entertainment, broadband over powerline (BPL)
access and commercial applications. Intellon created and patented the
baseline technology for HomePlug 1.0, and is a major contributor to
the new 200-Mbps HomePlug AV powerline standard. With over two
million HomePlug ICs sold, Intellon holds the dominant market share
of the rapidly growing HomePlug market. The company was founded in
1989 and is headquartered in Ocala, Florida, with offices in San Jose
and Toronto. For more information visit http://www.intellon.com.
Intellon is a registered trademark of Intellon Corporation.
HomePlug is a registered trademark of the HomePlug Powerline
Alliance, Inc. All other trademarks are the property of their
respective owners.
Press Contacts:
     Nancy Robbins                    Charlstie Laytin
     Intellon                         Euro RSCG Magnet
     +1-408-501-0320                  +1-212-367-6830
      nancy.robbins@intellon.com        charlstie.laytin@eurorscg.com
    Web site:  http://www.intellon.com
               http://www.bcecapital.com
               http://www.motorola.com/ventures

Contact:

Nancy Robbins, +1-408-501-0320, nancy.robbins@intellon.com of
Intellon; or Charlstie Laytin, +1-212-367-6830,
charlstie.laytin@eurorscg.com of Euro RSCG Magnet