Eblana Photonics' funding reaches EUR 3.6 million

June 6, 2002--Eblana Photonics, a newly established provider of advanced laser communications products, has announced new funding that brings its total investment to EUR 3.6 million in just over one year.

Jun 10th, 2002

Eblana Photonics, a newly established provider of advanced laser communications products, has announced new funding that brings its total investment to EUR 3.6 million in just over one year.

Eblana Photonics spun out from Trinity College Dublin, the Irish National Microelectronics Research Centre, and Enterprise Ireland, all of which are shareholders in the company. Other investment in the company comes from a combination of Irish and US private equity sources. ACT Venture Capital and Enterprise Ireland are providing the new funding.

Eblana's proprietary technologies allow the cost-efficient manufacture of high performance laser components for deployment in mass-market communications. Those products enable the provisioning of high bandwidth communication services over fiber- optic cable to mass business and individual consumers market.

"With this latest funding we will begin moving our products from development into manufacturing and onward into the market," contends James O'Gorman, chief executive officer of Eblana Photonics. "These products will allow communications service providers to economically deliver an exciting range of new bandwidth hungry services to private consumers and smaller enterprises; services such as downstreamed video, interactive video conferencing and video telephony and other new applications that we can barely imagine today".

Eblana Photonics will grow its core team over the next six months with a focus on the recruitment of engineering, product development, and sales/marketing staff. The company applies an outsourced manufacturing model using volume scaleable processes already proven in the wider microelectronics industry.

"Eblana's technology and manufacturing processes lend themselves to a lean, outsourced mode of component production while, at the same time, those technologies also ensure that our products define state of the art performance," adds O'Gorman.

For more information, about Eblana Photonics, visit the company's Web site at www.eblanaphotonics.com

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