Triformix Wins Investment
XR Ventures LLC has invested in Triformix Inc., a developer of precision injection molded optical components
November 27, 2001
GRANDVILLE, Mich. -- X-Rite, Incorporated (Nasdaq:XRIT), announced that its strategic venture capital group, XR Ventures, LLC, has invested in Triformix, Inc., a developer of precision injection molded optical components serving the datacom and telecommunications markets. Triformix designs and manufacturers enabling optical solutions for leading edge communication applications. The devices are currently used in fiber optic transceivers at the conversion point between optical and electronic signals as the light enters or exits a fiber. These optical elements allow customers to drastically reduce costs at the component level as well as in subsequent assembly processes. "The demand for precision optical components in data communication markets is escalating," said Dr. Peter Banks, partner of XR Ventures and a director of Triformix. "The company has leveraged an inherently lower cost manufacturing process and the ability to incorporate multiple features into precision, monolithic devices. Triformix is structured to deliver and respond to unique customer specifications, and will continue to evolve to serve multitiered data communication industry leaders that strive to meet the swelling demand for faster (10GHz and 40 GHz) connectivity in LAN and enterprise networks. We believe our investment in this innovative injection molded optics company, along with SBV Ventures of Santa Clara, Calif. (www.sbvpartners.com), is synergistic with X-Rite's growth into a variety of rapidly growing precision optical measurement markets." Triformix Inc.X-Rite Inc.
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