Picosecond Pulse Labs raises $25 million in Series A funding, receives ISO 9001 certification and announces 12.5 Gb/s driver amplifier for long-haul applications

March 28, 2001
Mar. 28, 2001--Picosecond Pulse Labs, Inc., a designer and manufacturer of high-speed optoelectronic components and modules for 10, 40 and 160 Gb/s long-haul optical communications systems, announced that it closed its Series A funding totaling $25 million.

Picosecond Pulse Labs, Inc. (PSPL), a designer and manufacturer of high-speed optoelectronic components and modules for 10, 40 and 160 Gb/s long-haul optical communications systems, announced that it closed its Series A funding totaling $25 million. The capital will be used to expand Picosecond's existing 40 Gb/s component line, and to deliver a comprehensive line of transmitter and receiver components to reach 40 Gb/s.

Corning Inc. (NYSE: GLW), a developer of photonic products, optical fiber, and cable for the telecommunications industry, led the funding round. Corning and Picosecond will explore the joint development of optoelectronic devices and modules for high-speed telecommunications fiber-optic systems. The round includes investments from Finisar Corp. (NASDAQ: FNSR), a network fiber-optic subsystems and performance test systems provider, and Barrington Partners, an operations-oriented seed-stage technology venture firm, which invested in this round as a follow-on to its earlier investment in the company.

Picosecond also announced that it has been awarded the International Standards Organization (ISO) 9001 certification for its manufacturing facilities in Boulder, Colorado and Beaverton, Oregon. "This seal of approval will allow us to branch out into new telecommunication markets where ISO 9001 certification is required," said Scott Andrews, CEO of Picosecond.

ISO certification is awarded when an independent audit firm's assessment verifies that a company's day-to-day business practices and manufacturing standards match its process documentation and meet or exceed the stringent and explicit quality standards set forth in 1987 by the Geneva-based International Standards Organization.

In addition, Picosecond announced the availability of its highest output driver amplifier to date, Model 5865. This product is designed for terrestrial and submarine broadband applications, specifically for fiber optic transmissions. The 5865 is used by telecommunications systems vendors to design transmitters capable of signal transmission at 12.5 Gb/s along fiber optic lines, and opens the bottlenecks associated with 2.5 and 10 Gb/s systems.

Orders for pre-production orders are currently being accepted; volume

production orders will be accepted beginning in April.

About Picosecond Pulse Labs:

Picosecond Pulse Labs (PSPL) is a privately held corporation located in Boulder, CO, that designs and manufactures high-speed optoelectronic components and modules for 10, 40 and 160 Gb/s long-haul optical communications systems. For more information, visit www.picosecond.com.

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