Completes series A financing, including new investors Venture Coaches, GrowthWorks’ Managed Funds, and BDC Venture Capital

August 8, 2002

1 Min Read

VANCOUVER -- JGKB Photonics Inc., an emerging leader of electro optical modulators, announced today the completion of a US $4.3 million (CAD $6.7 million) Series A financing. The financing included new investors Venture Coaches, GrowthWorks’ managed funds, BDC Venture Capital, and Mr. Ken Levy, Chairman of KLA Tencor in participation with prior investors Greenstone Ventures, The Dow Chemical Company, and individuals including several founders of PMC-Sierra."Given the challenging investment climate for the photonics sector achieving this financing is a significant vote of confidence in JGKB Photonics", said Alan Guest, President and CEO. "In addition to the strong team of experienced new investors, we are pleased to receive continued funding from our existing investors. We believe that our Mode Converter platform is a strategic technology that will deliver the market critical requirements of low power, ultra-high bandwidth, and long distance performance.” JGKB Photonics is a unique optical technology company with a focus on the high growth modulator component market. The Mode Converter technology offers significant advantages in terms of performance, power requirements and reliability and represents a fundamentally new approach in fiber optic telecommunications speed. The company reached a major milestone with proof of prototype samples in 2001, and will now aim for the next stage of market acceptance for it’s first product, the 40Gb/s modulator. Built on well-known Gallium Arsenide (GaAs) technology, the Mode Converter Modulator offers advantages in performance and reliability.JGKB Photonics Inc.

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