Achievement Award to CoreTek.(Brief Article)

CoreTek Inc. (Wilmington, MA) a developer of innovative solutions for optical networks, said it had received Laser Focus World's Commercial Technology Achievement Award for its MEM-TUNE tunable filter. This new product is based on implementation of MEMS technology and provides a breakthrough solution for telecommunications applications that require continuous and rapid tuning over wide wavelength ranges.

CoreTek's MEM-TUNE is ideal in applications such as channel monitoring in dense wavelength division multiplexing (DWDM) systems where channel wavelengths, power levels and signal/noise ratios are being constantly monitored to ensure signal integrity. The filter sweeps through the entire C- and L-band in less than 10 microseconds with superior channel resolution. When used in a DWDM receiver application, the MEM-TUNE tunable filter enables a new level of service performance by introducing the concept of flexibility and reconfigurability in optical drops.

CoreTek has develop and is commercializing a "break-through" component technology that combines MEMS technology with active optical sources. In addition to the tunable filter, the current product line includes tunable lasers for WDM channel sparing applications, such as primary sources in long-haul and metropolitan-dense wavelength division multiplexing (DWDM) systems. CoreTek's product line and planned product line expansion also addresses the evolving telecommunications applications for optical cross connects (OXC) and wavelength routers. CoreTek recently announced its $20.5 million second round of financing led by Oak Investment Partners, which also includes Adams Capital Management, Hillman Capital, JK&B Capital, and Broadview.

Contact: Tom Dudley; Tel: 978/570-1200; Website: coretekinc.com.

Briefly Noted:

* Electronic Visions Inc. (Phoenix, AZ) and the University at Albany (Albany, NY) are joining forces to develop the first industrial 8-in. wafer bonder and aligner that is specifically designed for MEMS manufacturing. The joint venture is expected to allow the MEMS users to take advantage of the IC industry's standard 8-in. foundry manufacturing infrastructure.

* ASM Lithography Holding N.V. (Veldhoven, The Netherlands) said it intends to raise $400 million through a private offering of convertible subordinate notes due in 2004. The company ...