Opto Speed raises E20 million from new investors

March 13, 2002--Opto Speed, a developer and manufacturer of innovative Indium Phosphide-based opto-electronic components, has secured E20 million in a second round of financing, led by The Carlyle Group. A syndicate of additional investors is expected to complete the financing round.

Opto Speed, a developer and manufacturer of innovative Indium Phosphide-based opto-electronic components, has secured E20 million in a second round of financing, led by The Carlyle Group. A syndicate of additional investors is expected to complete the financing round.

Seeking to further increase its market presence, Opto Speed will use the funds to open a US office and increase its sales and marketing activity. In parallel, the company will expand manufacturing capacity at its plants in Germany and Switzerland. In addition, funds will aid further research and development of 10- and 40-Gbit/sec optical components, monolithically integrated opto-electronic devices, and next-generation components.

Opto Speed offers a suite of products designed to support high-speed applications within communications networks. Opto Speed offers transceiver manufacturers a complementary set of 2.5-Gbit/sec, 10Gbit/sec and 40Gbit/sec photodetectors, Fabry Perot and DFB lasers at both 1300-nm and 1550-nm wavelengths as well as 1300-nm and 1550-nm Semiconductor Optical Amplifiers.

Opto Speed also designs and manufactures high power, high bandwidth Superluminescent LEDs for applications in communications as well as the medical, lighting, and test and measurement sectors. Finally, Opto Speed has developed a HBT Receiver, which combines a 40-Gbit/sec photodiode with an electronic amplifier monolithically integrated on a single Indium-Phosphide chip. The integrated HBT Receiver is currently being tested by several potential customers.

For more information about OptoSpeed, visit the company's Web site at www.optospeed.com.


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