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Santa
Clara, Calif., July 24, 2000 - Siemens Venture Capital (SVC)
and Mustang Ventures, the corporate venture group of Siemens
Information and Communication Networks, today announced a
joint investment in Optical Micro-Machines Inc. (OMM) of San
Diego, California, as part of OMM's most recent financing
round. The multi-million dollar investment, shared equally
by the two funds, reinforces an earlier announcement by Siemens
Information and Communication Networks that OMM optical switch
modules will be used in Siemens TransXpress Optical Service
Node (OSN) - the world's first optical cross connect system.
"Siemens'
investment in OMM represents our belief in a strong future
for optical switching and in OMM, specifically," said Jost
Spielvogel, Member of the Group Board, Siemens Information
and Communication Networks. "Siemens is much more than an
investor in OMM," said Hus Tigli, President and CEO of OMM
Inc.
"As a global communications leader, Siemens gives OMM access
to a global market." Siemens TransXpress OSN allows service
providers to effectively move Internet Protocol (IP) traffic
over an open DWDM (Dense Wavelength Division Multiplexing)
platform, which ties different point-to-point links to a real
optical network. Its distinguishing features focus on distance
extension, protection and restoration, aggregation and intelligent
routing.
About
OMM:
-
OMM is a global leader in supplying MEMS-based all-optical
switching solutions to communications OEMs. The company's
switching solutions are available as modules with integrated
drive electronics or subsystems that incorporate board-level
electronics and related opto-electronic components that can
be used in all-optical cross connect or add-drop multiplexing
configurations. The company's advanced capabilities in MEMS,
opto-electronics packaging and automation in manufacturing
have made it possible to deliver the first commercially available
all-optical switching subsystems. Further information about
OMM is available at
www.omminc.com
About
Siemens Information and Communication Networks:
- Siemens TransXpress OSN and the other innovative TransXpress
products for optical networks are marketed in the U.S. by
Optisphere Networks Inc., a subsidiary of Siemens Information
and Communications Networks. Siemens Information and Communication
Networks Group is a leading provider of integrated voice and
data networks with a comprehensive portfolio of IP-based products
and solutions for enterprises, carriers and service providers.
The Group has many years of experience in consulting, planning,
installing and operating converged networks. It is an integral
part of the Information and Communications (I and C) business
segment of Siemens AG, one of the world's largest electrical
engineering and electronics companies with sales totaling
more than $ 74 billion. I and C comprises the three Groups
Information and Communication Networks (51,500 employees,
$ 10.6 billion in sales), Information and Communication Mobile
(20,000 employees, $ 5.3 billion in sales), and Siemens Business
Services (34,000 employees, $ 5.3 billion in sales). Further
information about ICN is available at www.siemens.com/ic/networks
About Siemens Venture Capital:
-
Siemens Venture Capital (SVC) is the umbrella organization
of all Siemens venture activities. Its charter is to identify
innovative start-up companies and technologies, fund them,
and bring them to the attention of Siemens operating business
units. SVC invests with minority equity in the high-growth
areas of network infrastructure, multimedia communication,
wireless, and e-business as well as industrial automation,
medical engineering and automotive technologies. SVC has offices
in Munich, Boston, Silicon Valley and Tel Aviv. For more information,
visit the Web site at www.siemensventurecapital.com
About Mustang Ventures:
-
Mustang Ventures (www.mustangventures.com)
is responsible for the corporate venture activities of the
Siemens Information and Communication Networking Group. With
offices located in Santa Clara, Calif. and Munich, Germany,
Mustang Ventures focuses on strategic investments in innovative
information and communications companies in North America
and Europe.
# # # Note to editors: TransXpress is a trademark of Siemens
AG.
Quelle: Süddeutsche Zeitung
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