Tropic Refocuses, Lays Off

In order to 'streamline' its strategy around the metro-DWDM market Tropic lays off a bunch of people at its Ottawa headquarters

December 11, 2002

1 Min Read

OTTAWA -- Tropic Networks Inc., today announced the decision to streamline its strategy around the metro-DWDM market and to focus its R&D spending on the optical transport capabilities of its flagship TRX-24000™ DWDM transport platform.The TRX-24000 platform integrated with Wavelength Tracker™ technology was purpose-built to deliver both optical transport and packet-switching capabilities in a highly scalable and versatile package. As a result of this refocusing Tropic is delaying plans to continue development of the TRX 24000 platform's Ethernet Services switching functionality. This restructuring has resulted in layoffs at its Ottawa, Canada headquarters."Our decision aligns with the acceptance and traction we've experienced from customers around our metro-DWDM solution. We see this as clearly the shortest time to revenue," said Kevin Rankin, President and CEO, Tropic Networks. "This, combined with the general market slowdown in carrier spending to launch Ethernet services, affirms Tropic's current direction."The downsizing is a direct result of the company's renewed business and technology focus in the metro-DWDM market and is optimized for the delivery of the current DWDM roadmap.Tropic Networks Inc.

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