Press Releases

Alta Berkeley Invests In Camero INC.

LONDON, October 12th, 2004 - Alta Berkeley, the London-based venture capital firm focusing on the next generation of leading technology companies in communications and computing across Europe and Israel, is pleased to announce that in conjunction with Jerusalem Global Ventures, Motorola Ventures and Walden Israel, it has provided funds to Camero, Inc. thereby closing a Series A financing round of more than $6 million. The funds will be used to further develop Camero& #8217;s through-wall imaging system.

Camero is developing a unique imaging system which generates a 3D image of objects concealed by solid barriers such as walls. The Camero system is initially targeted to Fire & Rescue, Law Enforcement and Special Forces operatives, providing them with the means to quickly locate people through walls in order to save their lives, monitor people and situations, and protect the lives of operatives entering unknown or potentially hostile situations. Camero was founded by Aharon Aharon and Amir Beeri, and has operated in stealth mode as an Entrepreneur-in-Residence project at Jerusalem Global Ventures.

Commenting on the closure of the financing Aharon Aharon, Founder and CEO of Camero said;
& #8220;We are very happy to partner with such an experienced group of investors. Camero faces exciting challenges in the emerging market of homeland security and we believe that the company& #8217;s strong technical leadership in multidisciplinary fields, will provide us with a key competitive edge in the market. Having Alta Berkeley join our distinguished investors Jerusalem Global Ventures, Motorola Ventures, and Walden Israel, will strengthen Camero's contacts in Europe, and will allow us to take Camero to the next stage in its development.& #8221;

Commenting on the investment Pete Magowan, Partner at Alta Berkeley said;
& #8220;Camero offers a unique technology to its clients and is at a very interesting time in its development. This investment reflects Alta Berkeley's strategy of investing in unique technological businesses with strong management teams and global reach.& #8221;

Contact information:

Alta Berkeley Venture Partners
Pete Magowan Tel: +44 (0)20 7440 0220

Financial Dynamics
Deborah Scott Tel: +44 (0)20 7831 3113

Camero, Inc
Avrom Gilbert, Director Business Development agilbert@camero-tech.com

About Alta Berkeley

Founded in 1982, Alta Berkeley is one of the pioneers of early stage venture capital in Europe. Since inception, the firm has focused on early-stage European technology companies in the Communications, Information Technology and Life Science sectors. It has backed over one hundred companies to date, 22 of which have gone on to successful IPOs in Europe and US and is currently investing from its sixth fund. Recent investments include Castify Networks, Dune Networks, m-spatial, Native Networks, Polatis, Synad and Xtellus. For more information, please go to www.altaberkeley.com

About Jerusalem Global Ventures

Jerusalem Global Ventures is an Israeli venture capital fund that invests in seed and early stage communications, information technology and life sciences companies. JGV has over $120 million in capital for investment in exceptional entrepreneurs. Its investors include many of the world& #8217;s leading technology companies and financial institutions as well as international executive investors. JGV investors include: Agilent Technologies, Time Warner (AOL), Bank of America, China Development Industrial Bank, Bausch & Lomb, Comverse, Conexant, Itochu Techno-Science, JDA Uniphase, Motorola and Telecom Italia Lab. For more information on JGV, please go to www.jgv.com

About Motorola Ventures

Motorola, Inc. (NYSE: MOT) is a global leader in wireless, broadband and automotive communications technologies that help make life smarter, safer, simpler, synchronized and fun. Sales in 2003 were US$27.1 billion. Motorola creates innovative technological solutions that benefit people at home, at work and on the move. The company also is a progressive corporate citizen dedicated to operating ethically, protecting the environment and supporting the communities in which it does business. Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at early stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com.

About Walden Israel

Walden Israel is one of the first Israeli early-stage venture capital funds. Founded in 1993, Walden Israel manages $185 million and focuses on investments in areas of communications and information technology. Walden Israel is affiliated with the Walden International and Walden VC Groups, which manage collectively over $2.5 billion and have established presence in the US and over ten countries in Asia and the Pacific Rim. For more information, please visit our web site at www.walden.co.il