Quantenna Communications, Inc. Announces Pricing of Initial Public Offering

FREMONT, Calif., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Quantenna Communications, Inc. (NASDAQ:QTNA) today announced the pricing of its initial public offering of 6,700,000 shares of its common stock at a price to the public of $16.00 per share. In addition, Quantenna has granted the underwriters a 30-day option to purchase up to an additional 1,005,000 shares of common stock to cover over-allotments, if any. The shares are expected to begin trading on The NASDAQ Global Select Market on October 28, 2016 under the symbol “QTNA.”

Morgan Stanley & Co. LLC, Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Needham & Company, LLC, William Blair & Company, L.L.C. and Roth Capital Partners, LLC are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at Barclaysprospectus@broadridge.com; or Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York NY 10005, by telephone at 1-800-503-4611, or by email at prospectus.cpdg@db.com.

Investor Relations:
The Blueshirt Group
Suzanne Schmidt

Soohwan Kim, CFA

Media Contact:
Lionel Bonnot

Devolo Introduces the GigaGate Wi-Fi Bridge Based on Quantenna 4x4 802.11ac Wave 2 Solutions

High Speed Wi-Fi Bridge Connecting All Multimedia Devices in the house

Amsterdam, the Netherlands, Sept. 12, 2016 – IBC2016 – Germany-based devolo AG, and Quantenna Communications, a leader in ultra-high performance Wi-Fi, today announced the release of devolo GigaGate in the first quarter of 2017. devolo GigaGate is a Wi-Fi bridge for networking all Internet-compatible multimedia devices. The basis of the devolo GigaGate is a Quantenna 4x4 802.11ac Wave 2 certified technology. The content requirements in the house are drastically increasing. End users and service providers are looking for a solution to extend their Wi-Fi coverage to satisfy these new needs. Thanks to Quantenna’s unique experience in 4x4 MIMO, devolo GigaGate reliably delivers up to 2 Gbps from the Internet Gateway over Wi-Fi. devolo GigaGate is composed of a base using QV840 and a satellite using Dual-Band QV860. “Our GigaGate Wi-Fi bridges must aggregate Audio, 4K Video, Gaming content over the same wireless link with zero compromise on quality, even in challenging environments,” said Joachim Thelen, devolo Director, Product Management Home Networking. “Quantenna 4x4 802.11ac Wave 2 certified technology was the most natural choice for our product. Quantenna’s extraordinary experience means performance delivered in the real world.” “devolo makes products designed to meet the highest standards of quality and performance that they deliver to service providers as well as through retail channels in Europe,” said Lionel Bonnot, senior vice president, marketing and business development at Quantenna. “We are excited to see devolo introducing their first two products based on Quantenna solutions and are looking forward to a long lasting business relationship.” Availability The devolo GigaGate will be available in stores and online at a recommended retail price of 229.90 euros starting at the beginning of 2017. Quantenna 4x4 11ac Wave 2 solutions are currently in mass production. Quantenna is exhibiting at IBC in Hall 15 MS36, RAI, Amsterdam from September 8-13, 2016. To set up a meeting to learn about the latest Quantenna Wi-Fi solutions, please contact: tradeshow@quantenna.com. About devolo devolo Consumer Business offers innovative and straightforward solutions for the modern, networked home. dLAN® Powerline makes devolo the global leader in the transmission of Internet signals over powerlines. The handy adapters can be installed without any previous networking knowledge and allow for full Internet access in any room. Numerous top-product test reviews and awards, not to mention the over 30 million adapters sold, demonstrate devolo's success. devolo Home Control is the easy path to your smart home. The new product world includes an extensive range of sensor and actuator products that can turn any home into a smart home in the blink of an eye. devolo Home Control is easy to control using www.mydevolo.com or our intuitive app – for more comfort, more safety and saving more energy. About Quantenna Quantenna is a global leader and innovator of leading-edge performance Wi-Fi solutions. Quantenna introduced the world’s first 10G Wi-Fi technology for a new generation of access points in home, enterprise and public spaces and continues to innovate. Quantenna’s Wi-Fi solutions offer superior performance, and establish benchmarks for speed, range, efficiency and reliability. With MAUI, Quantenna’s cloud-based Wi-Fi analytics platform that complement its chipset solutions, service providers can deliver real-time, automated Wi-Fi monitoring, optimization, and self-healing to their customers around the clock to help achieve the best Wi-Fi experience. Quantenna is Wi-Fi Perfected. For more information, visit www.quantenna.com.

Quantenna is a global leader and innovator of leading-edge performance Wi-Fi solutions that offer superior performance, and establish benchmarks for speed, range, efficiency and reliability. Quantenna is Wi-Fi Perfected.

© 2018 Quantenna Communications, Inc. All Rights Reserved.