23 September 2002 -- Tampere-based Modulight Inc has announced EUR0.8m 18- and 24-month Finnish government contracts for developing next-generation optical components for high-performance telecommunication systems.
Part of the funding comes from National Technology Agency of Finland (Tekes), which finances R&D projects of companies and universities in Finland.
"Modulight excels in MBE [molecular beam epitaxy] processing of high-end quality components," says Tekes programme manager Dr Knuuttila. "Tekes wishes to share the risks associated with Modulight's challenging projects, because we believe in the strong and inevitable growth of optical communications despite the recent global decline."
"The programs aim at supporting our long-term research plans and ease us to proceed faster towards new interesting applications for transmitter and receiver technologies," said Modulight president and CEO Dr Petteri Uusimaa.