BroadLight Closes $10 Million Series D Financing Led by Motorola; BroadLight Secures Additional Financing as It Prepares to Deliver the Industry's First End-to-End GPON Product by End of Year.MOUNTAIN VIEW, Calif. -- BroadLight, Inc., the leading supplier of ITU-T See ITU. ITU-T - International Telecommunications Union semiconductors, software and transceivers for fiber-to-the-premises (FTTP (Fiber To The Premises) The installation of optical fiber from the carrier directly into the home or office. Also called "fiber to the home" (FTTH). See PON and FTTC. See also FTP. ) deployments, today announced that it has closed a successful $10 million series D financing round led by Motorola Ventures, the venture capital arm of Motorola Inc. (NYSE NYSE See: New York Stock Exchange :MOT). Motorola Ventures joins BroadLight's premier list of investors which includes Azure azure /az·ure/ (azh´er) one of three metachromatic basic dyes (A, B, and C). az·ure n. Any of various dyes used in biological stains, especially for blood and nuclear staining. Capital Partners, Broadcom, Delta Ventures, Israel Seed Partners, Siemens Venture Capital, Star Ventures and Tellabs. "We believe BroadLight has enormous market opportunity in the growing PON (Passive Optical Network) An optical point-to-multipoint access network. There are no optical repeaters or other active devices in a PON, hence the name "passive. fiber market," said Matthew Growney, managing director of Motorola Ventures. "The company has clearly demonstrated its ability to execute with its BPON See PON. product line and we anticipate the same time-to-market delivery and world-class silicon integration with its upcoming GPON See PON. product line." "We are extremely pleased to welcome Motorola Ventures as a strategic investor in BroadLight," said Andrew Vought, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BroadLight. "We intend to use the additional capital on R&D and sales and marketing as we continue our aggressive pursuit of the world's key GPON designs in 2006. Analysts such as Infonetics Research are predicting that GPON will be the PON winner and we are well positioned with an on-time delivery of the first end-to-end GPON solution." Added Anthony Maher Anthony Maher (born March 18, 1979 in Cape May, New Jersey, United States) is a forward with the American USL First Division side Carolina RailHawks as well as a forward on the Milwaukee Wave of the Major Indoor Soccer League (MISL). , BroadLight's chairman of the board, "The advantage that BroadLight continues to exploit is its unique understanding of PON technology and an ability to integrate silicon to a level that is cost-effective and easy to deploy. I'm pleased to see other investors such as Motorola Ventures recognize the company's key strengths and its potential for growth in the future." About Motorola Ventures Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com/ventures . About Motorola Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com . About BroadLight, Inc. BroadLight delivers the industry's only end-to-end solution (from the customer premises to the central office) for equipment vendors designing passive optical networks (PONs). The company's completely integrated product line consists of standards-based digital and analog optical transceivers, communication semiconductors and software solutions that enable its customers to deliver ITU-T PON equipment to carriers and services providers worldwide. This end-to-end solution provides customers with a lower risk development cycle and enables them to significantly speed time-to-market. As a result, BroadLight technology has been adopted by leading manufacturers who are currently providing equipment for some of the world's largest fiber PON rollouts. BroadLight and the BroadLight logo are trademarks of BroadLight, Inc. All other trademarks are the property of their respective holders. |
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