Ondax secures $7.5 million in first round funding

March 12, 2001
Mar. 12, 2001--Ondax, Inc. announced the closing of $7.5 million in series A financing led by Mellon Ventures, Inc.

Ondax, Inc. announced the closing of $7.5 million in series A financing led by Mellon Ventures, Inc. Additional investors include Alcatel Ventures, Corning Innovation Ventures, a division of Corning Incorporated, Gabriel Venture Partners and AM Venture Partners.

Headquartered in Monrovia, Calif., Ondax develops and manufactures all-optical advanced Dense Wavelength-Division Multiplexing (DWDM) components. Ondax officials say the company's patented technology will enable equipment manufacturers and service providers to build low cost agile optical networks.

As its first product line, Ondax will introduce the Fasma series, which features all-optical tunable add-drop filters. Such filters are key components for dynamic provisioning and wavelength routing in next generation DWDM networks. Ondax will demonstrate the first product of the Fasma series at the Optical Fiber Conference in Anaheim, Calif., March 19-21, 2001.

The filter used in the Fasma series has low insertion loss and is tunable over 41 channels spaced by 100 GHz. Later in the year, Ondax plans to expand the Fasma series to offer beta-test units featuring hitless tuning, the ability to tune to specific channels without affecting the remaining traffic passing through the device. The family of FASMA products will includeE50 GHz and 25 GHz filters.

About Ondax:

Ondax offers solutions for the telecommunications marketplace by commercializing optical technologies developed at the California Institute of Technology and the Universities of Bonn and Osnabruck in Germany. For more information, visit www.ondax.com.

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