Polatis secures $4M of debt financing to fund continued growth

Polatis Inc., a developer of all-optical switch technology, says it has secured $4 million of debt financing through Clydesdale Bank to support the company's continued global growth.

Polatis Inc., a developer of all-optical switch technology, says it has secured $4 million of debt financing through Clydesdale Bank to support the company's continued global growth.

The funds will be used primarily to expand Polatis’ in-house manufacturing capability to meet customer demand for the company’s latest Series 6000 optical matrix switch, which enables transparent connectivity for up to 192x192 fiber ports (see “Polatis goes large with 192x192 all-optical switch”). It will also enable the company to fast track product development for customers in growth markets such as telecom networks, data center interconnect, and government systems.

“We are delighted to secure the $4 million of debt financing this week,” said Gerald Wesel, president and CEO of Polatis. “This will enable us to better respond to the increasing demand we are seeing from our customers for Polatis’ leading-edge switch technology and further supports our business plans for continued growth and product development for the next generation of technology.”

For more information on optical switches and suppliers, visit the Lightwave Buyer’s Guide.


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