MetroPhotonics Secures PIC Funding

OTTAWA, May 6 -- MetroPhotonics announced this week it has received a CDN $7.7 million (US $5.6 million) investment from Technology Partnerships Canada (TPC) to continue to develop photonic integrated circuits (PICs).

MetroPhotonics is a semiconductor that develops PICs for optical telecommunications, data communications and optical wireless equipment. TPC is a government agency that provides funding to Canadian companies for research and development and pre-commercialization activities.

David Clark, president and CEO of MetroPhotonics, said, "Our vision is to continue integrating increasingly complex functions onto a single chip, thus offering further significant cost performance benefits to equipment manufacturers."

MetroPhotonics’ SurePath portfolio is an "innovative, integrated solution that simplifies
optical system design and eliminates multiple components and fiber connections," he said. The company's lead product, the SurePath Monitor, is currently shipping to customers on a limited basis. It is expected to be fully available this quarter, pending completion of Telcordia qualifications.

For more information, visit: www.metrophotonics.com