[May 16, 2008] CoreOptics Finalizes Funding Round Tweet (Wireless News Via Acquire Media NewsEdge) CoreOptics, a designer and manufacturer of 10/40/100 Gbps optical networking subsystems, announced the closure of a $25 million round of financing from existing investors, bringing the company s total funding to date to more than $90 million. We have more than 10,000 units of our 10G transponders with MLSE functionality currently deployed, with over five global tier-1 network operators around the world. This achievement clearly illustrates the value of our technology in creating open, distortion tolerant infrastructure for 10G/40 Gbps optical networks today and 100G to come, said Hamid Arabzadeh, CoreOptics Chairman of the board, President and CEO. This round of funding will enable us to complete our near-term product development programs, achieve our manufacturing ramp targets, expedite our global sales team expansion and see us through to the next phase of the company s evolution to establish CoreOptics as the global leader in distortion tolerant 10G/40G and 100G optical subsystems. CoreOptics stated that it works in close cooperation with all major carriers and optical system vendors around the world to identify the most cost effective and high performance solutions to mitigate distortion impairments. The company has established market position in providing highly advanced equalization solutions based on Maximum Likelihood Sequence Estimator (MLSE) electronic signal processing algorithm at 10 Gbps. The company indicated that its next-generation MLSE-2 technology will enable systems vendors and their carrier customers to benefit from much higher Chromatics Dispersion (CD) and Polarization Mode Dispersion (PMD) mitigation capabilities, and to set the physical layer of the optical networks for cost effective deployment of 40 and 100 Gbps services. ((Comments on this story may be sent to [email protected])) ((Distributed on behalf of 10Meters via M2 Communications Ltd - http://www.m2.com)) ((10Meters - http://www.10meters.com)) Copyright ? 2008 Wireless News [ Back To TMCnet.com's Homepage ]