With the new office in Gothenburg, Sweden, Optillion gets proximity to Chalmers University of Technology

February 6, 2001

1 Min Read

STOCKHOLM -- Optillion is now establishing an office in Gothenburg, Sweden. Optillion has gathered world-leading expertise for the development and production of fiberoptical transceivers, which will significantly increase the capacity in future broadband networks. The development team in Gothenburg will primarly work with Optillion's next generation transceivers with speeds of up to 100 Gbps. With the establishment of this development office in Gothenburg, Optillion gains a strategically important proximity to Chalmers University of Technology. In December 2000 Optillion carried out one of the autumn's largest private placements in Sweden and obtained $ 53 million through the new share issue.

"It is important for Optillion to attract leading-edge expertise within both the optic and electronics fields. The establishment in Gothenburg provides us with a strategically important proximity to Chalmers University of Technology and the specialist expertise which is to be found there within the areas of microwave technology and fiber optic transmission in particular," states Patrik Evaldsson, CEO and President of Optillion.

http://www.optillion.com

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