SPI -Southampton Photonics- Second Round Raised.Business Editors/High-Tech Writers SOUTHAMPTON, England--(BUSINESS WIRE)--July 29, 2003 SPI (1) (Stateful Packet Inspection) See stateful inspection. (2) (Service Provider Interface) The programming interface for developing Windows drivers under WOSA. (Southampton Photonics), a developer and manufacturer of high power fiber lasers and components for the industrial, aerospace, analytical, sensing, and communications sectors, today announced that it has completed its Series B funding. The capital will be used primarily to accelerate the company's sales and marketing activities and to provide working capital. The financing includes the existing investors of Amadeus Capital Partners, The Infrastructure Fund, Interwest Partners, Quantum Technology Partners, and Sevin Rosen Funds Sevin Rosen Funds (SRF) is a venture capital firm that was established in 1981 by L.J. Sevin and Ben Rosen. SRF was involved in the financing of ArQule, CIENA, Citrix, Cypress Semiconductor, Electronic Arts, Lotus Development Corporation, Silicon Graphics, and Vitesse. , along with Advent Venture Partners, a leading UK Venture Capital Firm. Advent Venture Partners will join the SPI board. SPI uses its proprietary technology for the manufacture of fiber lasers, amplifiers, and fiber grating based products, which have applications in a wide range of market sectors including industrial, aerospace, analytical, sensing, and communications. SPI's unique, patented technology enables it to design and manufacture high power lasers which can generate extremely high output powers - the company recently reported 600 watts from a single fiber laser (the highest ever recorded(a)) - with very high beam high beam n. The beam of a vehicle's headlight that provides long-range illumination. Noun 1. high beam - the beam of a car's headlights that provides distant illumination quality. In addition, these lasers are smaller, more efficient, and offer lower total cost than existing solutions. Commenting on the fund raising, David Parker David Parker is the name of:
(a)More detail can be found in the 23rd June 2003 press release at http://www.spioptics.com/news.htm Notes to Editors: About SPI (Southampton Photonics) SPI designs and manufactures optical components, delivering state-of-the art products that are driving down the cost of ownership for its customers in the industrial, aerospace, analytical, communications and sensing markets. SPI's innovations in high-power fiber lasers, amplification and wavelength management are underpinned by its unique, patented specialty fiber technology and manufacturing capability. SPI's current product range includes: fiber lasers and laser arrays, high-power optical amplifiers A device that boosts light signals in an optical fiber network. Unlike regenerators, which have to convert light to electricity in order to amplify it and then convert it back again to light, the optical amplifier amplifies the light signal itself. and sources, filters (fiber Bragg gratings A short length of optical fiber that filters out a particular wavelength. Periodically spaced zones in the fiber core are altered to have different refractive indexes slightly higher than the core. ), combining optics and dispersion compensators. SPI's gratings See diffraction grating and fiber Bragg grating. have the world's lowest distortion and combined with their ultra-low dispersion, make them very easy to use. About Advent Venture Partners Advent Venture Partners, based in London, was founded in 1981 and is one of the longest established technology venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . Advent specialises in information technology (software, hardware, communications and IT services) and healthcare (biotechnology, pharmaceuticals and devices) investments in Europe and the US. Advent invests up to $35 million in companies from start-up through to pre-flotation stage. Advent Venture Partners and its associates currently have total funds under management in excess of $700 million. Since 1981, the company has funded over 180 companies in the UK, Europe and the US of which 41 were taken public. www.adventventures.com About Amadeus Capital Partners Amadeus, www.amadeuscapital.com, is a specialist venture capital firm backing new technologies. Founded in 1997, Amadeus manages GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 288 million and has backed 40 companies in the UK and continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. , covering computer hardware and software, mobile and fixed communications technologies and new media. The firm, which has offices in London and Cambridge, UK, has established a reputation among entrepreneurs for Silicon Valley-style, hands on assistance and 'door opening', and among investors for proving that early stage technology investing can be profitable in the long term. Amadeus' investments include Cambridge Silicon Radio, producing "Bluetooth" single chip radios for short range connections, Clearswift, an email content security business and Plastic Logic, developing plastic circuits for mass applications. Successful realisations from the Amadeus portfolio include Entropic, bought by Microsoft and Element-14, bought by Broadcom Corporation. About InterWest Partners InterWest Partners (www.interwest.com), founded in 1979, is a leading diversified venture capital firm focused on building long-term relationships with entrepreneurs and portfolio companies. With $1.6B capital under management, and a current investment fund of $750 million, InterWest's experienced partners bring together deep domain knowledge in Life Sciences and Information Technology. InterWest Partners has consistently helped grow the most influential companies in Information Technology and Life Sciences. The firm's investments in Life Sciences include: ArthroCare, Corixa, Cor, Inspire Pharmaceuticals, IntraLase, Spinal Dynamics, and TheraSense. The firm's investments in Information Technology include: CIENA, Copper Mountain Networks, Lightera (acquired by CIENA), PlaceWare (acquired by Microsoft), SiTera (acquired by Vitesse), Silicon Graphics, Stratacom (acquired by Cisco) and Xilinx. InterWest Partners has offices in Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. and Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . About Quantum Technology Partners Quantum Technology Partners, located in Silicon Valley, invests in early stage Information Technology and Life Sciences companies in the U.S. and Europe. Quantum was founded in 2000 and co-invests with leading venture capital firms. www.quantumtp.com About Sevin Rosen Funds Sevin Rosen Funds is a top-tier venture capital firm with a track record of funding successful companies since 1981. The partnership has consistently made early stage investments in pioneering technologies and companies with the potential to create new markets. The most recent fund, Sevin Rosen Fund VIII is capitalized at $600 million. Compaq, Lotus, Cypress, Citrix, CIENA and Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. are some of the firm 's successful lPOs. Sevin Rosen Funds has offices in Dallas, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Austin, and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . For more information go to www.srfunds.com. |
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