fSONA Receives $9.5 Million in Financing

Recent Investment Brings Total fSONA Funding to $51.5 Million

fSONA Communications, designer and manufacturer of the award-winning SONAbeam optical wireless transmission equipment, today announced an additional $9.5 Million in financing.

Despite the tough market conditions of 2002, fSONA received total investments of $19.5 Million. A private group of current and new investors provided $9.5 Million, which followed on the heels of significant investment - $10 Million - from the Government of Canadas Technology Partnerships Canada Program. Prior to the 2002 funding, fSONA had received $32 Million in venture capital.

As lead investor, we are pleased to continue funding fSONA, its products and people," said Jim Charlton, Senior Vice President of GrowthWorks Capital Ltd., manager of the Working Opportunity Fund. fSONA is a well run company with great potential in its target markets."

fSONA, and its management team, are delighted to have the continued support and confidence of investors like Growthworks" said Theresa Carbonneau, fSONAs President and CEO. fSONA has positioned itself for success with industry leading technology, strong partnerships, award-winning products, key strategic customers and a supportive investment group."

About fSONA
fSONA Communications was founded in 1997 to deliver simple solutions for carrier, service provider and enterprise networks around the world. The SONAbeam series of free space optical (FSO) networking products use an unlicensed, wireless technology operating at speeds up to 1.5 Gbps and distances up to 5km. SONAbeam avoids the cost of digging to lay fiber, licensing for radio frequencies, is immune to interference, and is extremely secure. SONAbeam is operational in 24 countries around the globe and was named Product of the Year by Network Magazine. For more information visit www.free-space-optics.org

fSONA and SONAbeam are trademarks of fSONA, Inc. All other trademarks are properties of their respective companies.