In brief: Optillion, Modulight, K2 Optronics, II-VI
Buyer wanted for Optillion
Optillion, the fiber-optic transceiver manufacturer based in Stockholm, Sweden, filed for bankruptcy on February 11.
The company, which had a workforce of around 70, specialized in the production of transceivers for 10 Gb/s Ethernet applications.
During the fiber-optic boom of 2000, Optillion raised $53 million in second-round funding (see related story).
Optillion is now represented by commercial lawyers Couldert Brothers LLP, which is seeking a buyer for the company. "We have a couple of companies who are interested, but no bid has been received yet," noted Mans Dahlqvist, an associate at Couldert Brothers.
Dahlqvist added that some of the companies were interested in employing Optillion's staff.
Emcore backs K2 on broadband
US-based fiber-optics company K2 Optronics, which specializes in external-cavity lasers, has been backed by chip manufacturer Emcore in its latest funding round.
As well as joining the Series C round, Emcore will partner K2 on developing advanced technologies for next-generation laser products to be used in broadband applications, say the companies.
Target markets for these products will include fiber-to-the-premises and CATV applications.
Modulight opens Bay Area office
Finland-based laser diode manufacturer Modulight plans to open a new sales office in California next week.
The Bay Area office, which is scheduled to open March 1, will be headed by Nelson von Ebbe.
II-VI wide-bandgap gets certified
Wide-bandgap semiconductor materials supplier II-VI has received ISO 9001:2000 certification for its Saxonburg, PA facility.
The company had already received similar certification for its Pine Brook, NJ, operation, which is also focused on wide-bandgap materials.
The group currently makes SiC substrates for both optoelectronic and RF device applications.
