Polatis secures £4m for global growth
Polatis, the performance leader in all-optical switch technology, has secured $4 million of debt financing through Clydesdale Bank to support the Cambridge UK company's continued global growth.
The finance will be used primarily to expand Polatis’ in-house manufacturing capability to meet strong customer demand for its latest Series 6000 optical matrix switch, enabling transparent connectivity for up to 192x192 fibre ports.
It will also enable the company to fast-track product development for customers in growth markets such as telecom networks, datacentre interconnect and government systems.
Gerald Wesel, president and CEO of Polatis said: “This move will enable us to better respond to the increasing demand we are seeing from our customers for Polatis’ leading edge switch technology and further supports our business plans for continued growth and product development for the next generation of technology.”
Polatis is acknowledged as delivering the world's lowest loss all-optical switching solutions for remote fibre-layer provisioning, protection, monitoring, reconfiguration and test, with over 1,000 systems shipped worldwide.
The technology enables dynamic optical networking for telecoms, datacentre, government, test and video markets.Photo: Gerald Wesel, Polatis president & CEO