BinOptics Names New CEO

BinOptics appoints Michael Cumbo as CEO; current CEO and founder Alex Behfar will assume new CTO position

July 20, 2005

1 Min Read

ITHACA, N.Y. -- Dr. Michael J. Cumbo was recently named president and chief executive officer of BinOptics Corporation, a manufacturer of integrated photonic components for datacom, telecom, and optical storage applications. Cumbo joins BinOptics from Coherent Inc., where he was executive vice president and general manager of its optical component businesses. Cumbo left the EVP position at Coherent, a publicly traded company with over $500 million in annual revenues, to join BinOptics, a venture capital funded company that has emerged as a leader in photonic components following the shake-out in the telecommunications industry.

Current CEO and co-founder Dr. Alex Behfar will continue to serve as chairman of the board and will also assume a newly created position as chief technology officer.

Asked why he opted to make the move from a large, well-established company to a startup that received Series B funding less than six months ago, Cumbo said: "I have long wanted to lead a young high-tech company with the potential for unconstrained growth. BinOptics is just what I was looking for in terms of team dynamics, distinctive technical competencies, innovation, and broad market access. The company is now poised to disrupt the market for fiber-to-the-home components, and is well positioned in the market for the blue semiconductor lasers that will be used in next generation DVD players. Furthermore, BinOptics has unique IP that will enable cost effective, hand-held chemical and biological detection devices needed for Homeland Security. It will be my job to help the company exploit these exciting opportunities and to manage its growth."

BinOptics Corp.

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