Ondax Secures $7.5 Million in First Round Funding.Business Editors MONROVIA, Calif.--(BUSINESS WIRE)--March 12, 2001 Ondax, Inc., (http://www.ondax.com) today announced the closing of $7.5 million in series A financing led by Mellon Ventures, Inc. Additional investors include Alcatel Ventures, Corning Innovation Ventures, a division of Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works. , Gabriel Venture Partners and AM Venture Partners. Headquartered in Monrovia, Calif., Ondax develops and manufactures all-optical advanced Dense Wavelength-Division Multiplexing In fibre-optic communications, wavelength-division multiplexing (WDM) is a technology which multiplexes multiple optical carrier signals on a single optical fibre by using different wavelengths (colours) of laser light to carry different signals. (DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ) components. Ondax officials say the company's patented technology will enable equipment manufacturers and service providers to build low cost agile optical networks. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mellon Ventures, Ondax's exceptional team was a key element in attracting investors. The company's team includes Demetri Psaltis, professor at California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. and chairman of the Ondax Board of Directors; Karsten Buse, professor at the University of Bonn The University of Bonn (German: Rheinische Friedrich-Wilhelms-Universität Bonn) is a public research university located in Bonn, Germany. Founded in 1818 the University of Bonn is nowadays one of the largest universities in Germany. , Germany and Joseph Goodman Joseph Goodman is the owner of Goodman Games, and has been a gaming professional since 1994, when he self-published The Dark Library].[1] Writing credits include:
abbr. Office of Naval Intelligence Noun 1. ONI - the military intelligence agency that provides for the intelligence and counterintelligence and investigative and security requirements of the United States Navy Systems and professor emeritus at Stanford University. The technical team includes Christophe Moser, Ph.D., Jorg Hukriede, Ph.D., Ingo Nee and Gregory Steckman, Ph.D. As its first product line, Ondax will introduce the Fasma series, which features all-optical tunable add-drop filters. Such filters are key components for dynamic provisioning and wavelength routing in next generation DWDM networks. Ondax will demonstrate the first product of the Fasma series at the Optical Fiber Conference in Anaheim, Calif., March 19-21, 2001. "We believe that wavelength flexibility is a key ingredient in future optical networks. The technology being developed by Ondax is aimed at being among the first to provide practical and functional tunable filters to create that flexibility," said Greg Smith, President, Corning Innovation Ventures. The filter used in the Fasma series has low insertion loss and is tunable over 41 channels spaced by 100 GHz. Later in the year, Ondax plans to expand the Fasma series to offer beta-test units featuring hitless tuning, the ability to tune to specific channels without affecting the remaining traffic passing through the device. The family of FASMA products will include 50 GHz and 25 GHz filters. Ondax offers new solutions for the telecommunications marketplace by commercializing optical technologies developed at the California Institute of Technology and the Universities of Bonn and Osnabruck in Germany. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion