ANDevices secures funding

February 20, 2004 Fremont, CA -- ANDevices, an optics company focusing on communications and bio-photonics applications, has closed its first round of financing. Led by AsiaTech Management and supported by several Silicon Valley angel investors, the new funding will be used to develop communications components used in FTTH and FTTP applications, as well as bio-photonic applications.

February 20, 2004 Fremont, CA -- ANDevices, an optics company focusing on communications and bio-photonics applications, has closed its first round of financing. Led by AsiaTech Management and supported by several Silicon Valley angel investors, the new funding will be used to develop communications components used in fiber-to- the-home (FTTH) and fiber-to-the-premises (FTTP) applications, as well as bio-photonic applications such as a spectrometers on a chip and other bio-sensing devices.

The amount of the funding was not disclosed.

"ANDevices is made up of a team with deep experience in silica waveguide technology that can be applied to a number of fields," said Jacob Sun, president and CEO of ANDevices. "Besides permitting us to expand our team and capabilities, this new funding should take us to cash positive point."

"Over our partnership and collaboration, which spans more than two years, we have been very happy with the quality and service of newly developed PLC [planar lightwave circuit] products with innovated designs provided by the team at ANDevices. This is a solid engineering team with rich PLC experience," said Shuzo Suzuki, executive officer and general manager, Sumitomo Electric Industries.

Current products from ANDevices in the communications field include splitter modules and PLC-based, bi-directional optical subassemblies for the FTTH/FTTP markets as well as a mux/demux product for DWDM and optical add/drop applications. ANDevices also offers custom product and foundry services to research laboratories and universities, providing leading expertise in PLC foundry services.

Headquartered in Silicon Valley, ANDevices is made up of a management buy-out team from Axon Photonics

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