RBN Doubles Revenue, Secures Funding; New Funds Will Be Used to Add Features to GigaEdge 2300.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- RBN RBN Robin RBN Radio Beacon RBN Registered Business Name (Republic of Ireland) RBN Russian Backbone Network RBN Regional Broadband Network RBN Richard's Bridge Notation RBN Radio Broadcast Network RBN Requirements by Name Inc., a leading developer of Next Generation Optical Transport Platforms, (www.rbni.com) today announced that it has closed its most recent round of funding and has completed a recapitalization of the company. The financing round was co-led by new investor Jolimont Ventures and existing investor Allen and Buckeridge (both leading Australian Technology Funds). The funding is the latest financial milestone for RBN, which doubled its revenue during the previous fiscal year, driven by strong carrier demand in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. RBN is exhibiting this week at GLOBALCOMM 2006 being held in Chicago's McCormick Place, booth 75049. The funds will be used to enhance RBN's GigaEdge 2300 Programmable Optical Transport Platform with additional Mini-MSPP feature sets. RBN plans to increase manufacturing volumes to meet current and future product demand. RBN has developed two optical transport products (2320 and 2330) based on the GigaEdge 2300 platform. "RBN has received strong European interest and demand for its GigaEdge 2300 platform, signifying a clear market need for our solution," said 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. Graham Mitchell. "With the commercial launch of the platform in North America, our new funding will be instrumental in allowing us to meet current and future customer's needs." The GigaEdge 2300 platform offers unique programmability, providing customers and partners the ability to quickly add new feature sets without any hardware modifications and deliver these features to the field through downloads. Through this benefit, the GigaEdge 2300 offers significant flexibility in meeting customer's and partner's short and long term needs. About RBN, Inc. RBN, Inc. develops, manufactures and markets next-generation optical transport platforms. RBN's products include: the RBNi GigaEdge 8200 CWDM (Course WDM) An optical transmission method that is used for shorter distances than dense WDM (DWDM). Also known as "wide WDM," CWDM transmits fewer channels and uses wider spacing between the channels for distances up to 60 km. Wider spacing up to 25 nm, compared to 1. OEO (Optical in Electrical processing Optical out) Refers to network devices that convert photonic transmission signals to electronic signals in order to analyze the traffic content for switching purposes. It then reconverts the signal to light for output. Contrast with OOO. ROADM ROADM Reconfigurable Optical Add/Drop Multiplexer ROADM Reconfigurable Add Drop Multiplexing which is OSP (Online Service Provider) See online service. OSP - Optical Signal Processor hardened and deployed in North America, Europe and Asia; the RBNi GigaEdge 2300 Programmable Optical Transport Platform which is configurable as a xWDM Port Expander or Transponder/Muxponder (GigaEdge 2320) or SONET/SDH Mini-MSPP (GigaEdge 2330); and the RBNi GigaEdge 6000 series passive, OSP hardened CWDM filter modules. Other GigaEdge 2300 product configurations are planned for future release in the second half of 2006. RBN distributes all of its products through channel partners. If you have an interest in RBN's products or wish to become an RBN channel partner, please contact RBN at sales@rbni.com or if you require further information please go to www.rbni.com. |
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