Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Xtellus Secures Expansion Capital and New Investor

Abstract:
Company raises $8.3M for product line and manufacturing expansion

Xtellus Secures Expansion Capital and New Investor

MORRIS PLAINS, NJ | Posted on March 27th, 2008

Xtellus, a leading supplier of scalable Wavelength Selective Switches (WSS) for reconfigurable optical networks announced today the addition of $8.3M in growth capital. Led by a new investor, NanoDimension Limited Partnership, this round also includes Xtellus's existing investors. Xtellus will use the funds to further expand its WSS product lines and manufacturing facilities to meet rapidly growing customer demand fueled by the accelerating deployment of Reconfigurable Optical Add/Drop Multiplexer (ROADM) systems in optical networks.

"The investment in Xtellus's team and their ROADM technology is an exciting, strategic entry into the fastest growing segment of the resurgent optical networking market," said Aymeric Sallin, NanoDimension AG, Founder & Managing Director. "Xtellus's unique combination of Liquid Crystal and MEMS technologies enables them to deliver the industry's broadest range of WSS to satisfy the needs of all ROADM applications."

"In response to continually rising customer demand this investment will allow us to immediately scale our manufacturing capacity in South Korea for the second time in less than two years," said Dr. Krishna Bala, Xtellus president and CEO. "This investment also allows us to fuel further growth by accelerating the release of new innovative products for both Edge and Core ROADM applications."

####

About Xtellus
Xtellus, headquartered in New Jersey with manufacturing and development facilities in South Korea and Israel, designs and manufactures Liquid Crystal and MEMS-based wavelength selective switches (WSS) for Edge and Core ROADM applications. Xtellus products provide wavelength management functionality that allows DWDM optical networks to handle traffic without expensive electronic conversion. For more information visit www.xtellus.com or contact Jonathan Homa, email: , tel: 973-326-1100 #113.

About NanoDimension

NanoDimension is a venture capital firm supporting top entrepreneurial teams to build nanotech companies with the potential to become world leaders in their field. The investment activities focus on IT/electronics and life sciences, and on the convergence of these areas, in Europe as well as in North America. NanoDimension pursues an active and comprehensive investment approach by providing the companies with financial resources, strong entrepreneurial and managerial experience and extensive scientific expertise through its team of experts. For additional information please visit www.nanodimension.com.

For more information, please click here

Contacts:
Xtellus
Jonathan Homa, 973-326-1100 #113

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Imaging individual flexible DNA 'building blocks' in 3-D: Berkeley Lab researchers generate first images of 129 DNA structures February 22nd, 2018

'Memtransistor' brings world closer to brain-like computing: Combined memristor and transistor can process information and store memory with one device February 22nd, 2018

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Nanowire LED Innovator Aledia Announces 30 ($36M) Million Series-C Financing: Intel Capital Joins Existing Investors to Commercialize Certain Nanowire-LED Technologies for Mobile Displays January 29th, 2018

180 Degree Capital Corp. Leads Investment in TheStreet, Inc.; Investment Enables Removal of Capital Structure Overhang November 14th, 2017

180 Degree Capital Corp. Appoints Investment Banking Veteran Parker Weil to Its Board of Directors August 2nd, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

MEMS

MEMS chips get metatlenses: Combining metasurface lenses with MEMS technology could add high-speed scanning and enhance focusing capability of optical systems February 21st, 2018

First Capacitive Transducer with 13nm Gap July 27th, 2017

Bosch announces high-performance MEMS acceleration sensors for wearables June 27th, 2017

Smart multi-layered magnetic material acts as an electric switch: New study reveals characteristic of islands of magnetic metals between vacuum gaps, displaying tunnelling electric current March 1st, 2017

Announcements

Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Histology in 3-D: New staining method enables Nano-CT imaging of tissue samples February 22nd, 2018

Developing reliable quantum computers February 22nd, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project