T-Networks receives $30.6 million to fund InP component development
The latest infusion of venture funding gives the company sufficient resources to augment its systems-focused engineering team, further extend its sales infrastructure, and continue product development. T-Networks recently announced design wins for its InP electroabsorption modulators from unnamed optical equipment manufacturers.
T-Networks said it expects to achieve revenue generation and volume product shipments by the second half of 2002. Its products target key market segments, including 10 Gbit/s DWDM, 10 Gbit/s long-reach, and 40 Gbit/s applications. The company is seeking to exploit the high-performance qualities of InP to introduce modulator products superior to traditional lithium niobate-based components. T-Networks patented approach integrates the functionality of multiple optical components into one InP-based platform, significantly reducing cost and power consumption in a footprint nearly one-tenth the size of both typical discrete solutions and lithium niobate-based products, while supporting 10 and 40 Gbit/s network applications.
"T-Networks stood out because of the highly differentiated products and capabilities they offer, said Michael Burns, a Managing Director of TL Ventures. "T-Networks pioneering approach and mature management team have already produced a winning platform, impressed customers, and generated revenue.
Amanda Brown
Tel. +1 610 289-5040 x 1076
E-mail: abrown@tnetworksinc.com
Web site: http://www.tnetworksinc.com
