Sunflower FSO Gets Funding

IPOC International Growth Fund has led a substantial new investment into Sunflower Technologies

August 10, 2004

1 Min Read

MOSCOW -- IPOC International Growth Fund, an open ended investment fund, has led a substantial new investment into Sunflower Technologies (Sunflower), a developer and manufacturer of proprietary-technology based high speed wireless optical information transmission equipment.

The investment, spilt equally between IPOC and a group of institutional and private investors represented by United Financial Group (UFG), is primarily designated to drive forward Sunflower sales and marketing activities and establish Sunflower as a major player in the wireless ("Free-Space") optical equipment market.

Sunflower has developed an innovative, world-beating set of new Free-Space optical technologies capable of delivering high-speed data transmissions (100Mbps and 1000Mbps) between networks at distances up to one kilometer. The products are extremely compact, easy to install and, because of the patented new technology used, are the world's first true window-to-window Free-Space optical (FSO) link products.

Most early sales of this new product range have been concentrated in the competitive UK market and Sunflower has achieved considerable success by targeting UK-based blue chip organizations with installations in market sectors such as Finance and Insurance, Manufacturing, Healthcare, Universities and Colleges, Local Government and IT Services.

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