August 30, 2005 San Jose, CA and Tokyo, Japan -- Nozomi Photonics, a supplier of high-speed optical switches, has secured $8 million infunding, led by Japanese investor Globis Capital Partners.
Following the financial round, Takuo Inoue, principal at Globis Capital Partners, and Akihito Ogino, partner at Tokio Marine Capital, will both join Nozomi Photonics' board of directors.
"This additional funding shows Nozomi Photonics' execution capabilities in delivering breakthrough technologies to our customers," comments Keiichi Nashimoto, president and CEO of Nozomi Photonics. "We are extremely pleased to welcome very experienced members to the board of directors. We intend to use the additional funding to strengthen our leadership position with products development and team expansion in our R&D and manufacturing facility in San Jose."
Nozomi Photonics is headquartered in Kawasaki city, near Tokyo; the company's main research, development, and manufacturing facility is located in San Jose. With its proprietary PLZT electro-optic technology, the company designs, manufactures, and markets advanced integrated photonics products for the optical communications market. The company currently supplies 1 x 4, 1 x 8, and 2 x 2 high-speed optical switches covering the 10 -100 ns range.