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Murata invests in RF Monolithics

Tuesday, August 24, 2010
By Gina Roos

Dallas, Tex. — RF Monolithics, Inc. (RFM) has announced that Murata Electronics North America purchased 533,000 shares of RFM Common Stock at $1.31/share, in a private transaction. The purchase represents less than five percent of RFM’s outstanding stock.

RFM and Murata Manufacturing Co., Ltd., Murata Electronics North America’s parent, also have entered into a collaboration agreement to leverage each company’s resources to develop new products and services. The companies said they will initially focus on wireless solutions.

“The collaboration agreement opens up such a wide variety of opportunities for both companies in the M2M marketplace. Combined, we have the broadest range of wireless solutions offerings, covering all market segments from the communications market to the industrial and medical markets. We even see opportunities in our fundamental component business that could benefit us both over the next several years,” said John Denslinger, senior vice president of Murata Wireless Solutions in a statement.

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