Intexys Photonics closes EUR5 million series A funding and moves into new facilities

SEPTEMBER 27, 2006 -- IRDI-ICSO, UFG Private Equity, BNP Paribas Private Equity, LC capital, and EMERTEC joined existing investors in this financing round.

SEPTEMBER 27, 2006 -- Intexys Photonics, specialized in high-speed, high-density optical interconnection, announced that it has closed EUR5 million in a series A funding round. IRDI-ICSO, UFG Private Equity, BNP Paribas Private Equity, LC capital, and EMERTEC joined existing investors in this financing round.

Intexys develops, manufactures, and markets high-bit-rate ( 2.5-, 10-Gbit/sec, and higher ) serial and parallel optical transmitters and receivers using patented assembly technologies that enable collective and passive alignment of the photonic components with high-speed silicon electronics.

"With already an existing customer base in Asia and Europe, Intexys Photonics will use this financing to accelerate its commercial development, expand operations, and continue the development of our newest generation of innovative 10-Gbit/sec parallel optical modules," said Jean-Charles Garcia, founder and CEO of Intexys Photonics.

Intexys Photonics moved into new facilities in June 2006 close to Toulouse, France. First products coming on line are the 10-Gbit/sec transmitters, currently ramping up to volume production by the end of the year.

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