STOCKHOLM, Sweden, May 03, 2005 (PRIMEZONE) -- Syntune AB, a developer of innovative single-chip tunable lasers today announced that it has appointed Patrik Evaldsson as its Chief Executive Officer.
Patrik Evaldsson brings more than 15 years of experience from the optical components industry with a track record of taking products from development into the market. Most recently he held the position as CEO and later CTO at Optillion a developer and manufacturer of 10Gb/s pluggable DWDM modules.
"Patrik Evaldsson's experience from leading optical companies and working in international environments makes him the ideal person to take Syntune to the next level. We are very pleased to have Patrik onboard," said Peder Holm, Investment Director at InnovationsKapital.
"I am very excited about joining the Syntune team. They have developed a technology and a business model that provide the customers with what they are looking for in tunable lasers, low cost, small size, low power and fast tuning speeds," said Patrik Evaldsson.
"Syntune has long believed that the small form factor and pluggable market is the sweet spot that will take tunability to the mainstream. Patrik brings a wealth of business experience, in this area and generally, that will serve Syntune well as we expand. We welcome him on board," said Bjorn Broberg, Chairman.
About Syntune
Syntune (www.syntune.com) supplies state-of-the-art widely tunable lasers for applications ranging from fiber-optic communications to sensor systems. In communications, Syntune's lasers enable universal DWDM transceivers with low power consumption in a small form factor. These drastically reduce overhead costs for sparing and maintaining inventories. Tunability also enables flexible networks, which allows operators to offer innovative services and reduces their operational expenditures.
About InnovationsKapital
InnovationsKapital (www.innkap.se) was founded in 1994 and is a leading early stage venture capital firm for innovative growth companies in the Nordic region. The business, carried out from offices in Gothenburg and Stockholm, is focused on Nordic investments within ICT and Healthcare & Life Sciences - dynamic sectors that are rapidly expanding and where Nordic research plays an important role. The capital (EUR 200 million) is managed in three funds and is provided by highly reputable Swedish and international institutional investors.
About TeknoInvest
Teknoinvest Management AS (www.teknoinvest.no) is a leading Scandinavian venture capital company based in Norway that invests in emerging technologies within the IT/Telecom and Life Sciences sectors. The main geographical focus is Scandinavia and the US. Teknoinvest is the Nordic venture capital firm with the longest track record following its establishment in 1984 and it currently manages funds of NOK 1.1 billion.
About Vision Capital
Vision Capital (www.visioncap.com) is a Trans-Atlantic fund providing growth capital for leading technology companies. Vision invests in promising European and US technology companies and then takes an active, hands-on approach in expanding these businesses across the Atlantic.
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