ADVA Puts $1 Million Into OptXCon

OptXCon receives seed funding for the development of advanced optical cross-connect networking solutions

July 31, 2000

1 Min Read

RESEARCH TRIANGLE PARK, N.C. -- OptXCon Inc., a newly formed company specializing in optical cross connect technologies, today announced that it has received seed funding from ADVA AG Optical Networking (Neuer Markt: ADV), a global leader in optical networking solutions for metro area service providers and enterprises. The strategic investment of $1 million will facilitate the finalization of OptXCon's product plans and drive the future development of its optical cross connect solutions for metropolitan area and enterprise networks.

"We are very pleased with this investment from ADVA as it validates our vision and product technology for the fast-growing optical networking market," said Don Bouchard, President and CEO of OptXCon.

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