Corona Optical Systems completes $12.4 million Series A round

Mar. 28, 2001--Corona Optical Systems, Inc., a high-speed optoelectronic component and subsystem manufacturer, announced it has secured a second Series A infusion for up to $5.5 million from KB Partners and Venture Investors.

Corona Optical Systems, Inc., a high-speed optoelectronic component and subsystem manufacturer, announced it has secured a second Series A infusion for up to $5.5 million from KB Partners and Venture Investors. This funding follows a February 2001 commitment for up to $6.9 million from Intel Capital and Geometry Group. These two investments complete Corona's Series A round of funding. Monies will be used to further expand design and production.

About Corona Optical Systems:

Corona Optical Systems, Inc. is a pre-IPO technology company with facilities in Lombard, Illinois and Eau Claire, Wisconsin. Corona was incorporated in February 2000. Its products include high-speed optoelectronic subsystems and components for carrier class equipment. For more information, visit www.coronasys.com.

About KB Partners:

KB Partners is a Chicago-based venture capital firm established in 1996 to make investments in early-stage technology companies in the Midwest. KB's objective is to build dominant new enterprises by working in partnership with talented entrepreneurs and experienced managers. For more information, visit www.kbpartners.com

About Venture Investors:

Venture Investors of Madison, WI is the manager of early stage venture capital funds primarily serving Wisconsin and the Midwest. Since 1984, the partners have worked to identify, finance, and provide value-added resources to seed- and early-stage companies. For more information, visit www.ventureinvestors.com.

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