- 4 May 2006 -

Firecomms boosts investment

Cork, Ireland, based Firecomms Ltd. closed a €9.6 m investment deal with new and existing shareholders.

Two new investors have joined the company: ACT Venture Capital of Dublin, and Alps Electric North America, an important strategic investor and key customer for Firecomms. Atlantic Bridge Ventures, the company's anchor investor since its foundation, also invested in this round and remains fully committed to Firecomms.

The financing will enable Firecomms to increase production of its proprietary semiconductor VCSEL devices, and its newly released fibre optic devices, which include high-speed transceivers used in consumer devices and networks, and an automotive-grade fibre optic transceiver for in-car infotainment systems.

This funding also will support the expansion of Firecomms' product line, sales and marketing fulfillment, and support activities throughout its markets.

http://www.firecomms.com/