Product category:
Optical Transceivers, Transponders and Repeaters
News Release from: CoreOptics
Edited by the Electronicstalk Editorial
Team on 13 July 2006
$28 million round of financing closed
out
CoreOptics has announced the closure of $28 million round of financing from new and existing investors, bringing the company's total funding to date to over $68 million.
CoreOptics, a leading designer and manufacturer of 10 and 40Gbit/s optical networking subsystems, today announced the closure of $28 million round of financing from new and existing investors, bringing the company's total funding to date to over $68 million CoreOptics mission is to deliver innovative 10G/40G transponder subsystems products to overcome optical layer impairments using advanced digital signal processing techniques based on Maximum Likelihood Sequence Estimator (MLSE) algorithm
This article was originally published on Electronicstalk on 6 Oct 2005 at 8.00am (UK)
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CoreOptics currently offers complete 10G DWDM, 40/43G Single Channel Short Reach and DWDM 300 pin MSA transponder subsystems; including key building blocks such as 43Gbit/s Ultra-FEC, 40G Mux/DeMux for 4x10G client signals and Interface Converter supporting SFI-5s, SFI-4, XFI.
"CoreOptics has been in the forefront of developing distortion tolerant 10G/40G solutions which have enabled the next generation of open tolerant optical networks around the world".
"Our solutions deliver the highest level of Chromatic Dispersion and PMD Tolerance in the market today", said Hamid Arabzadeh, CoreOptics President and CEO.
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"CoreOptics has successfully completed product introduction phase with a number of topTier-1 system providers and is now focusing on ramping up volume manufacturing to address the significant growth in demand for our products".
CoreOptics' 10G transponder product is enabled by the company's MLSE electronic equalization engine that acts adaptively as part of the receiver to compensate for both optical and electrical distortions accumulated along the transmission link.
CoreOptics 10G DWDM transponder product is in deployment with 15 service providers globally.
"I am very pleased to join CoreOptics board of directors and I'll be looking forward to working with the other board members as well as the executive management team of the company to contribute towards CoreOptics future growth", said Rudi Severijns, Executive Investment Manager at GIMV ICT group.
"Having successfully completed introduction of its MLSE technology into deployment with service providers globally, CoreOptics will be now entering into the second phase of its successful journey to accelerate the completion of its product roadmap and drive towards making MLSE a de-facto equalization platform".
Ian Jenks, CoreOptics chairman of the board commented: "The ability of CoreOptics to raise this level of funding in an oversubscribed financing round with the existing and new investors, is a testament to their value proposition".
"Furthermore, it is an independent validation of CoreOptics clear technological and market leadership position in delivery of distortion tolerant 10G and 40G transponder subsystems".
Key benefits of this product platform include reduction in first-in CAPEX, by eliminating the need for the conventional dispersion compensation modules (DCMs) and dual-stage amplifiers.
The OPEX savings include simplification of network planning, installation and provisioning by enabling a complete set of plug-and-play features.
The distortion tolerant transponder will enable transmission of 10Gbit/s services on the widely deployed 2.5Gbit/s metro networks, enabling service providers to maximize revenue generation from their installed base.
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