One of 2013’s 50 Disruptive Companies

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REDMOND, Wash. and CAMBRIDGE, Mass, February 20, 2013 — Kymeta Corporation, has been named in the field of Computing and Communications as one of 2013’s 50 Disruptive Companies, MIT Technology Review’s annual list of the world’s most innovative technology companies. It is the only satellite technology company that was selected and honored in this year’s list. The honorees are nominated by MIT Technology Review’s editors, who look for companies that have demonstrated original and valuable technology over the last year. The 50 companies are bringing that technology to market at significant scale, and are clearly influencing their competitors. Spanning energy and materials, Internet and digital media, computing and communications, biomedicine, and transportation, the companies on the list represent the disruptive innovations most likely to change our lives.

Jason Pontin, publisher and editor in chief of MIT Technology Review, states, “The pace at which technology changes is astounding. This issue celebrates organizations at the forefront, displaying ‘disruptive innovation’ that will prove to surpass the competition, transform an industry, and change our lives. One of those companies is Kymeta, which is developing small antennas that will replace satellite dishes so planes and trains can get better broadband service.”

Kymeta’s innovative use of metamaterials has solved one of the satellite industry’s longest-standing technical challenges: the need for electronic beam forming antennas that can dynamically reconfigure antenna beams to maintain high-gain connections in all mobile and fixed environments. Kymeta’s antennas are flat, thin, light and more power efficient compared to traditional satellite antenna technologies.

“We are experiencing remarkable demand for our solutions that will help provide high-speed broadband Internet anywhere, anytime, even while on the go.” said Vern Fotheringham, CEO of Kymeta. “We are incredibly proud of this honor from MIT Technology Review. It helps affirm the value of Kymeta’s low-profile, highly-efficient antenna. The opportunities for growth are tremendous.”

Nathan Kundtz, founder and chief technology officer of Kymeta added, “We believe our use of metamaterials is on the cutting edge. We are excited to bring our technology to market and truly revolutionize the way we connect all over the world.”

Kymeta and the other honorees will be featured in the March/April edition of MIT Technology Review, available on newsstands worldwide March 5, and online at technologyreview.com on February 20. Additionally, the company will participate in the upcoming Satellite 2013 Conference taking place March 19-21, 2013 in Washington D.C. At the show, Kymeta will showcase its cutting-edge technology and announce key milestones toward bringing its product to market.

About Kymeta

Kymeta Corporation was formed to commercialize a new, innovative metamaterials-based antenna for satellite communication. The technology was developed at Duke University, Imperial College, University of California San Diego and Intellectual Ventures. The enormous potential for metamaterials technology was realized early on, which led to the formation of Kymeta as an independent organization in August 2012. Intellectual Ventures has granted Kymeta an exclusive, fully-paid, perpetual global license for all satellite and related applications of its Metamaterials Surface Antenna Technology (MSA-T), providing Kymeta with commercial protection for this cutting-edge technology. The company is based in Redmond, Wash. and operates on a worldwide basis.

About MIT Technology Review

MIT Technology Review leads the global conversation about technologies that matter. An independent global media company owned by the Massachusetts Institute of Technology (MIT), the enterprise produces publications read by millions of business leaders, innovators, thought leaders, and early adopters around the globe, in six languages and on a variety of digital and print platforms. The company publishes MIT Technology Review magazine, the world’s most respected technology magazine (established 1899); daily news features, analysis, opinion, and video; and Business Reports, which explain how new technologies are transforming companies, disrupting markets, or creating entirely new industries. It also produces live events such as the annual EmTech MIT, international EmTech conferences, Summits, and Salons. The company’s entrepreneurial community organization, the MIT Enterprise Forum, hosts over 400 events a year around the world.

Contacts

For Kymeta
Håkan Olsson
425-896-3711
PR@kymetacorp.com

For Technology Review

David W.M. Sweeney
617-475-8018

david.sweeney@technologyreview.com