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Has completed its acquisition of optical gratings manufacturer Hyperfine Inc., located in Boulder, Colorado
June 27, 2001
LOUISVILLE, Colo. -- Zolo Technologies, Inc., a developer and manufacturer of optical networking subsystems, today announced that it has completed its acquisition of optical gratings manufacturer Hyperfine, Inc., located in Boulder, Colorado. The acquisition closely follows a recent announcement by Zolo(tm) that it has closed on $32.5 million in Series B financing. Hyperfine was founded in 1969 by Bernhard Bach to produce research-quality holographic and diffraction gratings. Since its inception, Hyperfine has become the world leader in ruling and replicating optical gratings used in atmospheric research, laser radars, optical computing and telecommunications. The company has produced gratings for NASA, the Department of Defense, and the National Institute of Standards and Technology, among many others. "The acquisition of Hyperfine gives Zolo the ability to deliver on its promise to produce a high volume of dense wavelength division multiplexing products, while ensuring a high-performance product at a low cost per channel," said Ed Barbera, president and CEO of Zolo Technologies. "We're delighted to join forces with the world's leading gratings manufacturer, and we look forward to working together to become the world's leading manufacturer of integrated optical subsystems." Zolo Technologies Inc.
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