CoreOptics closes $25-million funding round

MAY 14, 2008 -- "This round of funding will . . . see us through to the next phase of the company's evolution to establish CoreOptics as the global leader in distortion tolerant 10G/40G and 100G optical subsystems," says Hamid Arabzadeh, CoreOptics chairman of the board, president, and CEO.

MAY 14, 2008 -- CoreOptics Inc. (search for CoreOptics) today announced the closure of a $25 million round of financing from its existing investors, bringing the company's total funding to date to more than $90 million.

"We have more than 10,000 units of our 10G transponders with MLSE [Maximum Likelihood Sequence Estimator] functionality currently deployed with over five global tier-1 network operators around the world," reports Hamid Arabzadeh, CoreOptics' chairman of the board, president, and CEO. "This achievement clearly illustrates the value of our technology in creating open, distortion-tolerant infrastructure for 10- and 40-Gbit/sec optical networks today and 100G to come."

"This round of funding will enable us to complete our near-term product development programs, achieve our manufacturing ramp targets, expedite our global sales team expansion, and see us through to the next phase of the company's evolution to establish CoreOptics as the global leader in distortion tolerant 10G/40G and 100G optical subsystems," Arabzadeh continues.

CoreOptics says it works in close cooperation with all major carriers and optical system vendors around the world to identify cost-effective, high-performance options to mitigate distortion impairments. Company representatives say they have established market leadership in providing highly advanced equalization based on the MLSE (search for MLSE) electronic signal processing algorithm at 10 Gbits/sec.

The company claims its next-generation MLSE-2 technology will enable systems vendors and their carrier customers to benefit from much higher Chromatic Dispersion (CD) and Polarization Mode Dispersion (PMD) mitigation capabilities and to set the physical layer of the optical networks for cost-effective deployment of 40- and 100-Gbit/sec services.
"Since joining the CoreOptics' Board last year, I've been very impressed by the company's clear technological and market leadership position in the delivery of distortion tolerant 10G and 40G transponder subsystems," notes Dr. Niel Ransom, independent member of CoreOptics Board of Directors and former Alcatel CTO. "With this round of funding and growing revenue stream, we now have the capability to better utilize our technology leadership in 10G/40G DWDM and provide global reach and support to CoreOptics fast expanding customer base."

CoreOptics currently offers 10-Gbit/sec DWDM, 40-Gbit/sec single-channel short reach, and 40/43G DWDM transponder modules. The company's product portfolio also includes 43-Gbit/sec Ultra-FEC, 40G Mux/DeMux for 4x10G client signals, and Interface Converter supporting SFI-5s, SFI-4, and XFI to enable the building of next- generation open tolerant networks. Key benefits of this product platform include reduction in first-in capital expenditures by eliminating the need for the conventional dispersion compensation modules (DCMs) and dual-stage amplifiers, says the company. The operational savings include simplification of network planning, installation, and provisioning by enabling a complete set of plug-and-play features.

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