September 2, 2004 White Plains, NY -- Optical components company Prima Luci (First Light) today announced that it has raised $2 million from a private investment group.
"In this risk averse market, I am extremely pleased with the confidence our investors have in Prima Luci's ability to change the landscape of the photonic industry with our state of the art technology," asserts Frank Coloccia, company co-founder and CEO.
Prima Luci has invented what it calls the "electronic transistor" for the photonic industry. This breakthrough enables light to power light, creating a wide range of applications and improvements wherever data must move from one point to another. Companies adopting this technology realize a huge competitive advantage in the fiber-optic market by delivering products that are better, faster, and cheaper, say company representatives.
Prima Luci says it has the only patented method of truly redirecting light pulses completely photonically. In February 2004, the company achieved a major milestone, introducing an "all-photonic" dispersion compensator operating at rates of up to 160 Gbits/sec, which is the fastest in the industry.
Funding will enable Prima Luci to complete the building and delivery of engineering samples ordered by several major optical system manufacturers. The next-generation prototype will be produced on a chip the size of 1 mm x 1 mm, costing up to 90% less than other solutions currently available.