Bandwidth9 suspends operations, seeks a buyer
The company is now seeking a buyer; it "intends to seek long-term opportunities to integrate its industry leading VCSEL-based products with interested companies."
Poor market conditions are to blame for the decision. "Not unlike other tunable laser companies, Bandwidth9 has observed limited revenue potential for tunable transmitters in the foreseeable future," said Hatch Graham, CEO and chairman of Bandwidth9.
However, Graham says that the company is required to incur ongoing costs of nearly $1 million per month to manufacture and deploy its products. "This economic discrepancy is not an attractive recipe for suitable investment return for our shareholders," said Graham. "Accordingly, we have taken measures to dramatically reduce the operational costs, while seeking opportunities for success with strategic partners."
Bandwidth9 recently began deployment of its second generation OC-48 tunable transmitter, capable of transmitting to distances beyond 600 km, while complying with industry standards. The tunable device is a VCSEL with a movable MEMS mirror. Furthermore, the company has shown significant results in fixed-wavelength VCSEL technology, with strong evidence of being able to achieve 10 Gbit/s operation at 1310 nm, all within the ultra-low cost structure of its VCSEL structure.
