WiQuest Begins Second Expansion

WiQuest Begins Second Expansion

Allen, Texas - (February 14, 2006) - Less than two years after opening their headquarters in Allen, WiQuest, a fabless semiconductor company, is expanding for a second time. WiQuest was founded in September 2003 and located into space in Allen Business Center with three employees in January 2004. By March 2005, the company had received its first round of funding and moved to approximately 10,000 square feet at 601 Century Parkway. Since then WiQuest has grown from 10 employees to more than 50 employees. They recently agreed to sublease approximately 35,000 square feet at 915 Enterprise in the Celerity building. “This move provides the best solution for our anticipated growth over the next several years,” according to Matthew Shoemake, WiQuest Founder, President and CEO, “We were intent on staying in Allen, as we have discovered this city is a great asset in our recruiting efforts.” Shoemake, an Allen resident, anticipates the company will grow to 100 employees in the next five years. In addition, the company has opened an office in Taiwan and expects to be rolling out Ultrawideband chipsets in volume to its clients during 2006. WiQuest exemplifies the quality of companies we strive to recruit to Allen,” said Charisse Bodisch, Executive Director of the Allen Economic Development Corporation (AEDC). “They brought new jobs for highly skilled employees and are on the cutting-edge of new technology.” WiQuest anticipates moving to their new facility in March. Doug Carignan and Steve Thelen, The Staubach Company, represented WiQuest and the landlord represented the in the transaction.