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| Santur
Corporation Secures $10M In Lease Financing, Accelerates
Delivery Of Next Generation Tunable Laser Solutions |
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Santur Corporation
Complements Its Initial Financing Of $20M In Private VC
Funding With An Additional $10M Of Lease Financing
FREMONT, CA — (INTERNET WIRE) — 06/14/2001
Ä Santur Corporation, a privately held optical
networking components company, today announced the completion
of a $10 million lease financing contract with Lighthouse
Capital. This complements Santur’s initial venture
capital financing round of $20M. The first round, closed
in February of this year, was led by Sequoia Capital and
Menlo Ventures.
The funding will enable the company to complete development
of its next generation tunable components and build out
the manufacturing facility in Fremont, California. The
company has developed a proprietary technology platform
for tunable lasers for telecommunications applications
that allows for wide tunability and high power, but at
a cost and reliability comparable to fixed wavelength
lasers. Customer samples will be available in the fourth
quarter.
Santur Corporation has developed a next generation tunable
transmitter solution that avoids the complexity and high
costs of present tunable laser products with a radically
different and cost effective solution for meeting customer
needs. Santur will provide DFB-like performance at high
power and excellent reliability, all at a cost comparable
to present fixed wavelength DFBs. Santur’s products
will help service providers deliver high-bandwidth services
with greater network flexability and reduce the total
network costs.
“Systems level tunability will be a key driver for
enabling efficient and cost effective next generation
networks,” said Brian Van Steen, Senior Analyst at
RHK. “This capability will be an important part of
building the dynamic networks that will allow carriers
to continuously respond to changing customer requirements.
The building blocks of these systems will include tunable
lasers and other next generation optical components.”
Dr. Bardia Pezeshki, President and CTO of Santur commented,
"Our approach solves the central conundrum of providing
both long term stability and wide tunability in transmitter,
and does this with the same performance characteristics
and cost associated with a single wavelength DFB. We believe
that this solution is extremely attractive for nearly
all segments of the tunable laser market.”
About Sequoia Capital
Since 1972, Sequoia Capital has provided startup venture
capital for entrepreneurs who want to turn ideas into
companies. As the “Entrepreneurs Behind the Entrepreneurs”,
Sequoia Capital's Partners have worked with innovators
such as Sandy Lerner and Len Bozack of Cisco Systems,
Jerry Yang and David Filo of Yahoo!, Gaurav Garg of Redback
Networks, Larry Page and Sergey Brin of Google, Dan Warmenhoven
of Network Appliance, T.J. Rodgers of Cypress Semiconductor,
Lou Tomasetta of Vitesse Semiconductor, Steve Jobs of
Apple Computer and Larry Ellison of Oracle. The companies
organized by Sequoia Capital now account for about 10%
of the value of NASDAQ. To learn more about Sequoia Capital
visit www.sequoiacap.com.
About Menlo Ventures
MENLO VENTURES is a dedicated team of investment professionals
with a broad range of industry experience in software,
communications, and life sciences. Menlo Ventures' partners
have over 100 years of cumulative experience and a 25-year
track record of funding successful emerging growth companies.
For more information about Menlo Ventures, visit www.menloventures.com.
About Santur Corporation
Headquartered in Fremont, CA, Santur Corporation is a
privately held optical networking components company.
Santur provides high performance tunable devices for advanced
fiber optic networks. Santur’s initial product line
includes a high-powered, widely tunable DFB-like laser
source that is ideal for high bit rate, long haul applications.
Future product lines include tunable passive components
in addition to tunable lasers with modulation and high
speed tuning. Santur’s technology platform enables
high volume manufacturing based on proprietary fabrication
and packaging technologies. For further information, contact
Santur Corporation at 40931 Encyclopedia Circle, Fremont,
CA 94538; or visit the website at www.santurcorp.com.
Contact: Gurinder Parhar
Title: VP, Marketing
Phone: 510-933-4100 x 226
Fax: 510-656-7563
e-mail: gparhar@santurcorp.com
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