RPO raises AU$2.5 million in Series A round for new manufacturing plant and development of its polymer optical waveguide technology

July 20, 2004

1 Min Read

SYDNEY -- RPO Pty Ltd, an innovator in polymer optical materials and waveguides, announced today it has secured AUD2.5 million in a Series A round of financing.

This round of funding was well-supported and led by repeat investors GE Equity and Deutsche Bank (through Redfern Photonics Pty Ltd) and followed by new investors, the Allen & Buckeridge Emerging Technologies Fund (A&B) and the Canberra Business Development Fund.

RPO is developing polymer optical waveguides for a new type of optical touch-sensor for flat-panel displays.

The Series A financing will be used for capital equipment and operational expenses in establishing a new manufacturing plant and also support ongoing technology development efforts.

Stephen Ezekiel, Executive Director of GE Equity and a Director of RPO, said "RPO's unique polymer technologies, combined with its device design and production capabilities, is creating disruptive breakthroughs in touch screens, consumer electronics, optical networking and optical integrated circuits. We believe RPO's optical polymer waveguides will be key components in new generation consumer electronics products and that future applications for their technologies are abundant."

RPO Pty Ltd.

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