Thursday, July 7, 2011

IPtronics Raises $6 Million for Parallel Optical Interconnects

IPtronics, a privately-held company based in Roskilde, Denmark, secured $6 million in follow-up funding for its parallel optical interconnect silicon.

IPtronics' chips enable parallel optical interconnect modules that are used in next generation system interfaces and backplanes.

The new funding came from existing investors including private investor group 10IPT10 and venture capital funds Creandum and Sunstone Capital.
  • IPtronics A/S was established end 2003 by former Managers, Innovators and Technical Staff from GIGA A/S.

ZTE Opens R&D Lab at Technical University Dresden

ZTE and Technical University Dresden signed a Memorandum of Understanding (MoU) on the opening of an R&D centre.

The focus of the R&D centre will be on Long Term Evolution (LTE), especially in Time Division Duplex (TDD) technology.

Since entering the TDD-LTE field in 2005, ZTE has achieved sustainable development on TDD-LTE wireless systems, chipsets and terminals. So far it has established eight TDD-LTE R&D centres in America, Europe and the Chinese cities of Shenzhen, Shanghai, Xi'an and Nanjing. The company has 4,000 researchers involved in the R&D and global promotion of LTE products.

ZTE Secures US$900 Million Syndicated Loan to Hedge Rise in RMB

ZTE has secured a US$900 million syndicated term loan from 10 leading international banks. ZTE said that raising the debt in US dollars is an effective way to hedge against the appreciation of RMB.

The banks participating in the loan are:

Bank of China (Hong Kong) Limited

DBS Bank Ltd.

United Overseas Bank Limited

Banco Santander, S.A., Hong Kong Branch

The Bank of Tokyo-Mitsubishi UFJ, Ltd.


Hang Seng Bank Limited

Maybank, Hong Kong Branch

China Construction Bank Corporation, Hong Kong Branch

The Bank of Nova Scotia
  • In May 2009, The Export-Import Bank of China (China Exim Bank) granted a US$10 billion credit line to ZTE Corporation. Under the cooperation agreement, ZTE and China Exim Bank joined together to establish a financing platform to support ZTE and its holding subsidiaries in overseas market activities including export seller's credit, export buyer's credit, import credit, preferential foreign loans, transferred loans of foreign governments and trade financing, as well as other premium financial services. ZTE agreed to deal with China Exim Bank as a principal banker and handle loans and relevant businesses through China Exim Bank.

Juniper Appoints CIO and VP of Manufacturing

Juniper Networks has appointed Bask Iyer as senior vice president and chief information officer (CIO). Iyer joins Juniper Networks from Honeywell, where he most recently served as company-wide CIO and a member of the leadership team driving its IT vision, strategy and operating plan.

Juniper also announced the appointment of Martin J. Garvin as senior vice president of manufacturing operations.
Garvin most recently served as senior vice president and chief procurement officer at Dell, where he was responsible for the strategic leadership and operation of Dell' s global supply chain.

Telenor Deploys LTE in Svalbard -- the Northernmost 4G

Telenor Norway is launching the world's northernmost LTE site on Svalbard, an archipelago located at 78°13'N in the Arctic Circle.

The unique LTE site, which uses Huawei's industry-leading SingleRAN LTE solution, is deployed in Longyearbyen, Svalbard's largest settlement and the world's most northerly town. The equipment will have to endure extreme cold in winter, when the temperature plummets to 50 degrees below zero.

The companies noted that built the first telegraph tower on these islands one hundred years ago.

Mr. Harald Norvik, chairman of the board of Telenor Group, said, "Svalbard has changed radically in recent years, and we have continually improved the communications options for the local populace. The launch of this advanced LTE network marks the next step in our evolution."

Nokia Siemens Networks Releases GSM M2M Software

Nokia Siemens Networks is preparing a new M2M software suite for GSM that helps prevent the overloading of networks with traffic, avoiding network congestion and supporting M2M reliability and growth.

The new M2M software suite for GSM is based on a proprietary, precise paging feature that efficiently reduces the amount of signaling information between M2M mobile stations and base transceiver stations. As a result, GSM operators with M2M service businesses don't require additional base station sites to accommodate more M2M users.

As part of its M2M suite, Nokia Siemens Networks also offers priority class based Quality of Service (QoS), prioritizing urgent M2M transactions such as health and security related information. The company said its software suite also helps operators to better manage less critical loads during peak hours, which adds to the robustness of the network. The suite also boasts a Smart Resource Adaptation (SRA) feature, which enables up to five times more M2M subscriptions.

NSN forecasts that GSM subscriptions supporting M2M applications will reach 1 billion by 2015.

"M2M applications create both additional information and signaling load on the network," said Thorsten Robrecht, head of Network Systems product management at Nokia Siemens Networks. "In mass-M2M applications, such as smart metering, the additional monthly payload is low, typically less than 1 Megabyte per subscriber. However, there will always be additional signaling load for every data transaction. Since M2M data transactions are expected to grow by ten times in the next few years, signaling will be a very relevant issue for operators. Our M2M software suite reduces signaling by up to 70%."

Qualtre Raises $10M for Silicon MEMS Gyroscope

Qualtre, a start-up based in Marlborough, Massachusetts, raised $10 million in venture funding for its tri-axial solid-state silicon BAW (bulk-acoustic wave) gyroscope.

Qualtre is pioneering a solid-state silicon MEMS motion sensor for consumer electronics. Engineering samples are now available. The company's product development efforts build upon years of research conducted by its founder and Chief Technology Officer, Dr. Farrokh Ayazi, at Georgia Tech's renowned Integrated MEMS Laboratory.

Investors include Matrix Partners and Pilot House Ventures.

RadiSys Closes Acquisition of Continuous Computing

RadiSys completed its previously announced acquisition of Continuous Computing Corporation for approximately $73 million in cash, funded with cash on hand, and 3,665,460 shares of RadiSys common stock. In addition to the consideration payable at closing, RadiSys will make earn-out payments based on revenues generated by a specified set of Trillium products over a three year period following the closing of the acquisition.

Upon closing, Mike Dagenais became RadiSys' Chief Executive Officer and a member of the RadiSys Board of Directors, Brian Bronson became President and Chief Financial Officer of RadiSys and Scott Grout becomes Vice Chair of the RadiSys Board of Directors. Mike Dagenais was previously Continuous Computing's President and CEO and joined Continuous Computing in this role in December of 2006. Prior to that, he was President and CEO of Optical Solutions and led the company through a period of unprecedented growth, culminating in the successful acquisition of Optical Solutions by Calix Networks.

The acquisition transforms RadiSys into a larger global market leader in embedded hardware and software. The acquisition is expected to expand the company's revenues, profitability and EPS with the addition of Continuous Computing's approximately 50 percent gross margin Next Generation products. The combination is also expected to meaningfully expand the company's non-GAAP gross margin rate to the high 30's by the end of 2012. The company expects that the combined organization will benefit from economies of scale and meaningful expense and cost efficiencies in 2012 and beyond.

Mobily Saudi Arabia Tests 100G with Alcatel-Lucent

Mobily, the official brand name of Etihad Etisalat in Saudi Arabia, has completed a trial of 100 Gbps technology in Jeddah with Alcatel-Lucent.

"Mobily is committed to providing its customers with innovative communications solutions. The introduction of 100G will allow us to meet the ongoing business and entertainment broadband needs of both current and new customers as we continue to grow our subscriber base in the Kingdom of Saudi Arabia," said Abdul Aziz Al Tamami, COO of Mobily.

The Alcatel-Lucent 100G solution used for the trial is part of its Converged Backbone Transformation (CBT) solution which integrates IP and optical transport technologies, and is based on Alcatel-Lucent's 1830 Photonic Service Switch (PSS).