Opto Speed Completes Funding Round

RUSCHLIKON, Switzerland, Oct. 31 -- Opto Speed, a developer and manufacturer of optoelectronic modules for the communications, test and measurement, medical and defense markets, announced that ABN AMRO Capital has participated in €20 million second-round financing led by The Carlyle Group in March 2002 as a new investor, bringing the total second-round investment in Opto Speed to €30 million.

Opto Speed will use the funds to open a US office and increase its sales and marketing activity. Funds will also aid research and development of 10Gb/s and 40Gb/s optical components, monolithically integrated optoelectronic devices and next-generation components.

For more information, visit: www.optospeed.com