Intel Invests in Passave

Intel Capital becomes the newest investor in Passave Technologies, funding the development of the first Ethernet PON chipset

December 13, 2002

1 Min Read

TEL AVIV, Israel -- Passave Inc., a world-leader of end-to-end silicon solutions for Ethernet Passive Optical Networks, today announced that Intel Capital has joined as the newest investor in Passave.Broadband access is taking a new form by incorporating optical fiber into the first mile infrastructure. Today's networks based on Ethernet solutions, standardized by the IEEE 802.3ah EFM task force are revolutionizing the cost structure in this field. Now more than ever carriers require cost effective solutions that do not sacrifice the service offering required to compete. Passave is providing the chipsets required to fuel the Ethernet Access revolution. Standard compliant EPON chips from Passave enable low cost solutions based on the IEEE standard. Passave is supplying standard compliant solutions and helping its system partners to introduce products quicker with less risk while answering carriers' demanding requirements. "We are excited to welcome Intel Capital as an investor" said Ariel Maislos, President of Passave Technologies, "We plan to use these funds to add to our R&D investment of the first Ethernet PON chipset. Wide availability of standard complying chips helps reduce systems cost, and accelerates deployment of FTTH services worldwide." "Optical Ethernet in the first mile is a next step in the evolution of broadband access. Passave's approach to developing EPON technologies in this emerging market, is responding to the market's needs." added William Kilmer, Strategic Investments Manager at Intel. The funds raised complete Passave's first round of investment, and are intended to finalize product design of Passave's first generation chipset, and commence shipment to initial customers. Passave Inc. Intel Capital

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