Intel Invests in Galian Photonics

VANCOUVER -- Galian Photonics Inc., a developer of integrated optical components enabled by photonic crystal technology, announced today the completion of a US$4.4 million (CAD$7.1 million) second round financing. The financing included new investors BDC Venture Capital and Intel Capital together with prior investors Ventures West, the Working Opportunity Fund, and individuals. "We are pleased to announce the completion of this financing amid what has been a difficult investment climate for the optical sector," said Richard McMahon, president and chief executive officer. "We are delighted to have received funding from our existing and new investors. We believe that photonic crystals are a strategic technology that will underpin the introduction of high functionality optical components with extremely small form factors at very competitive prices." Galian is developing optical components based on photonic crystals. These products will be manufactured through the use of silicon photonics. Silicon photonics uses silicon and standard silicon processing techniques along with semiconductor packaging technology to deliver high functionality devices and extremely small form factor at very competitive prices. Galian Photonics Inc.