Kodeos Communications raises $6 million in Series A extension round

18 June 2003 South Plainfield, NJ Lightwave -- Kodeos Communications Inc., provider of 10-Gbit/sec optical subsystems, today announced that it has secured an additional $6 million in a Series A extension financing round. Total capital investments from Highland Capital Partners and Jerusalem Venture Partners, including debt financing from Comerica, now exceed $22 million.

Jun 18th, 2003

18 June 2003 South Plainfield, NJ Lightwave -- Kodeos Communications Inc., provider of 10-Gbit/sec optical subsystems, today announced that it has secured an additional $6 million in a Series A extension financing round. Total capital investments from Highland Capital Partners and Jerusalem Venture Partners, including debt financing from Comerica, now exceed $22 million.

Kodeos' enabling technology reduces--over 50%--the metro and regional network deployment cost by allowing twice the distance between 10-Gbit/sec network elements, claim company representatives. Kodeos will use the additional proceeds to advance its market leadership position through continued product development and manufacturing readiness preparation.

"As service providers and system developers push for more economical yet flexible networks, Kodeos' value proposition continues to become more compelling," contends Jon Auerbach of Highland Capital Partners. "Kodeos' links are immune to dispersion penalties up to 200 kilometers, eliminating fiber compensation cost and engineering issues," he adds. "The company continues to perform well against pre-established corporate milestones, and we are pleased with the further validation of emerging market applications and the growing customer interest in Kodeos' solutions."

During the OFC 2003 tradeshow in Atlanta, GA, Kodeos demonstrated 200-km optical transmission without dispersion compensation or forward-error-correction.

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