Interesting article from Edgar online
TeraConnect: Optical Devices for High Speed Data Transfer
As increasing bandwidth permits the movement of ever greater amounts of data, new bottlenecks are impeding the flow of information. TeraConnect(www.teraconnect.com), a spinout from the Sanders division of Lockheed Martin, is betting that it will have a major share of this "new and faster" market by creating high speed inter-connect links to make broadband technology work faster and more efficiently.
Based on core technology developed at Sanders, TeraConnect is designing optical and optoelectrical devices for the high performance router, server and telecommunications infrastructure markets. Its components are expected to eliminate bottlenecks that currently limit data transmission between digital platforms and increase the throughput in advanced communications and computing equipment.
The company was formed in November when it was spun out of Lockheed Martin with $40 million in financing from Goldman Sachs, Kodiak Venture Partners, and Spectrum Equity Investors. Kodiak general partner Dave Furneaux is chairman of the start-up's board. Based in Nashua, New Hampshire, TeraConnect currently has 27 employees.
"The ultimate driver is that bandwidth demand is very high and the only way that most people can satisfy it is with some form of optical solution," says George Dannecker, CEO and president of TeraConnect. According to the company, the worldwide market for short range interconnects between servers, routers and storage area networks is over $1 billion with a projected growth rate of over 70% annually.
"We see explosive growth," says Dannecker. Prior to joining the firm in February, Dannecker was CEO and president of Aavid Thermalloy.
Unlike other fiber optic inter-connects that transfer electrical impulses via light with a one-dimensional array, TeraConnect uses a two-dimensional array based on VCSEL - Vertical Cavity Surface Emitting Lasers. "We have a fairly unique way of solving the problem," says Dannecker.
Any comments on that?
