Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

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

Keysight Technologies Shifts to Direct Sales of High-Performance Products in North America March 3rd, 2015

Cambrios and Heraeus Jointly Create New, High-Conductivity Transparent Conductors: Two Companies' Combined Products Dramatically Extend Flexible Substrate Capabilities for Next-Generation Mass-Market Technology Products March 3rd, 2015

The taming of magnetic vortices: Unified theory for skyrmion-materials March 3rd, 2015

Democratizing synthetic biology: New method makes research cheaper, faster, and more accessible March 3rd, 2015

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

Silicon Catalyst Announces Partnership With imec to Support Semiconductor Start-Ups February 23rd, 2015

Ligar secures investment from Wallace Corporation to commercialise polymers that pick out good and bad molecules: Ground-breaking science innovation removes molecules in the wrong place from liquids February 15th, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Raises an Additional $29 Million (CAD), Closing 2014 Financing at $62 Million (CAD) February 2nd, 2015

Ref signals deep impact as EPSRC announces £30 million for impact acceleration accounts (IAA) January 21st, 2015

MEMS

MEMS/Sensors Drive IoT/E Innovation in Europe: MEMS Executive Congress Europe Speakers Explore Internet of Things/Everything in Automotive, Consumer, Industrial Markets, 9-10, March in Copenhagen February 9th, 2015

STMicroelectronics Leads European Research Project to Develop Next-Generation Optical MEMS: Extension to a project launched in 2013 builds on current efforts to enable technologies for next-generation applications February 4th, 2015

Entegris Launches Dispense System Optimized for 3D and MEMS Applications: New IntelliGen® MV system delivers process efficiencies and defect reduction in dispensing mid-viscosity fluids February 3rd, 2015

CNSE's Smart System Technology & Commercialization Center Successfully Recertifies as ISO 9001:2008 January 12th, 2015

Announcements

The taming of magnetic vortices: Unified theory for skyrmion-materials March 3rd, 2015

Democratizing synthetic biology: New method makes research cheaper, faster, and more accessible March 3rd, 2015

Pens filled with high-tech inks for do-it-yourself sensors March 3rd, 2015

Black phosphorus is new 'wonder material' for improving optical communication March 3rd, 2015

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




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE