McLean Watson Capital invests in Amplus Communication
McLean Watson Capital makes an investment into leading Asian wireless communications player

Singapore – November 18th, 2005 – McLean Watson Capital today announced an investment into Singapore-based Amplus Communications Private Limited. Co-investors include the Amplus management and Enspire Capital (the private equity investment vehicle for one of the NASDAQ listed Creative Technology Ltd founders – Mr. Chay Kwong Soon). Other shareholders include the Singapore Economic Development Board (EDB) and UOB Venture.

Amplus is a leading provider of full-turnkey design, engineering and manufacturing services for radio frequency, microwave and millimeter-wave wireless products and sub-systems. Leading global companies outsource their design and production to the company. Amplus provides design services and supply high-performance modules to a number of global commercial telecommunications and defense companies. The Amplus team has a proven track record of providing innovative wireless sub-systems.

The spectrum of activities ranges from full turnkey OEM contract manufacturing, ODM (design-tospecification) services, to the supply of RF, microwave and millimeter-wave modules and subsystems. The unique combination of wireless expertise, production experience and strategic location enables Amplus to offer an integrated customized approach to meeting their customers’ requirements at a compelling price-point.

“We have known the Amplus team for about a year now, and they have been able to deliver on their business plans,” said Zacchaeus Boon, partner of McLean Watson Capital. “The Amplus portfolio of products are amongst the best in their class, and we believe that the opportunities for them to scale up their market share globally is significant.”

Amplus has delivered the smallest footprint for a VSAT terminal in mass production that sets them apart as a leading player in the small form factor market for VSAT equipment. Amplus has received a strong order book for Asia for their VSAT offering, and the company will also begin active marketing of their VSAT products to North America and Europe in 2006. The company has also begun volume production for wireless base station subsystem being deployed by a major telecommunications company from Europe.

“We are delighted to have McLean Watson Capital as a shareholder of our company, and we have benefited from their North American network of relationships – which resulted in a significant direct customer win for us.” said Wee Piak, CEO of Amplus Communications. “We look forward to growing our business in North America and Europe through the wide network of strategic relationships that McLean Watson Capital brings to us.”

About McLean Watson Capital

McLean Watson Capital is a Toronto-based venture capital company that provides venture capital funding to promising technology companies.
For additional information, contact:
Zacchaeus Boon zboon@mcleanwatson.com