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Teraxion Buys Phaethon Communications IP

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QUEBEC CITY, Dec. 18 -- TeraXion Inc., developer of advanced optical components for high-speed optical networks, announced today it has acquired the intellectual property of Phaethon Communications Inc. According to terms of the transaction, which closed Dec. 12, TeraXion will receive Phaethon's patents, trademarks and technological know-how. Phaethon Communications, a privately held company based in Fremont, Calif., has developed a product line that includes a variety of fixed and tunable chromatic dispersion compensators. "This acquisition will allow us to broaden our product line and to...Read full article

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    Published: December 2002
    CommunicationsindustrialNews & Features

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