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

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Ageing can drive progress: Population ageing is likely to boost medicine, nanotechnology and robotics, but increase political risks July 27th, 2016

WSU researchers 'watch' crystal structure change in real time: Breakthrough made possible by new Argonne facility July 27th, 2016

Enhancing molecular imaging with light: New technology platform increases spectroscopic resolution by 4 fold July 27th, 2016

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

NanoLabNL boosts quality of research facilities as Dutch Toekomstfonds invests firmly June 10th, 2016

Oxford Nanoimaging to provide desktop super-resolution microscopes May 10th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Philadelphia Mathematician Robert Clark Turns to Crowdfunding to Support Nanotechnology Research That Could Lead to ‘Flying’ Cars and Space Elevator April 4th, 2016

MEMS

Integration of novel materials with silicon chips makes new 'smart' devices possible July 25th, 2016

New research unveils graphene 'moth eyes' to power future smart technologies: New ultra-thin, patterned graphene sheets will be essential in designing future technologies such as 'smart wallpaper' and Internet-of-things applications March 1st, 2016

Vesper Collaborates with GLOBALFOUNDRIES to Deliver First Piezoelectric MEMS Microphones: Acoustic sensing company works with top foundry to support mass-market consumer products January 21st, 2016

MEMS & Sensors Industry Group Previews “Internet of MEMS & Sensors” at CES 2016 -- Global industry association invites CE OEMS/integrators to conference track on January 7 January 6th, 2016

Announcements

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Ageing can drive progress: Population ageing is likely to boost medicine, nanotechnology and robotics, but increase political risks July 27th, 2016

WSU researchers 'watch' crystal structure change in real time: Breakthrough made possible by new Argonne facility July 27th, 2016

Enhancing molecular imaging with light: New technology platform increases spectroscopic resolution by 4 fold July 27th, 2016

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







Car Brands
Buy website traffic