Company targets strong growth in optical sensing markets
Redfern Integrated Optics has secured an additional $7.5 million in funding which will help the company target growth in optical sensing markets. Led by Southern Cross Venture Partners, the round also included Tallwood Venture Capital and Jolimont Capital as investors.
In connection with the new equity financing, Dr Larry Marshall, managing director at Southern Cross Venture Partners, joined RIO's board of directors.
"We continue to successfully execute RIO's business plan and strategy while maintaining our commitment to providing the preferred laser source solution for fibre-optic sensing applications," said Dr Radu Barsan, chairman, president and CEO of RIO.
"This additional financing will allow us to deliver products and support of unsurpassed value to our customers worldwide."
This week at the 19th Optical Fiber Sensing Conference (14–18 April 2008) in Perth, Australia, RIO will be showcasing its products and also presenting a paper entitled Low Noise Planar External Cavity Laser for Interferometric Fiber Optic Sensors.
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