Terahertz Photonics Ltd, the Scottish opto-electronics company, has secured second round funding of £ 6 million to develop its PLC platform technology.
The £ 6 million package, from venture capital investors Add Partners and Scottish Equity Partners, will allow Terahertz to scale its processes for the production of Planar Lightwave Circuits. Developed by Terahertz, these platform processes offer significant simplification in manufacturing when compared to existing processes, they claim, and will enable customers to have access to new types of high-performance components.
Pearse Flynn, Chairman at Terahertz said, "This second round funding represents a major boost for us in view of the market challenges we have found ourselves faced with. It also sends out a very positive message to the market that we are a strong and dynamic organization which remains totally committed to driving Terahertz forward through cutting edge research and development and the innovative use of our revolutionary technology."
Planar Lightwave Circuits (PLCs) are optical components that are becoming increasingly central to the transmission of data in optical networks. The process technologies that are currently used to create PLCs are chemical vapour deposition and flame hydrolysis deposition, both of which involve gas phase processes that are expensive and difficult to control, contend Terahertz representatives. The Terahertz Photonics platform technologies encompass both silica and polymer deposition, using liquid phase techniques that are lower cost and allow new types of component to be produced.
For further information about Terahertz Photonics Ltd, visit the company's Web site at www.thzonline.com.