, Driving Performance on land and on water: Stronger and lighter: the eleventh boat from Mercedes-AMG and Cigarette Racing sets new benchmarks through extensive use of carbon-fibre
, Driving Performance on land and on water: Stronger and lighter: the eleventh boat from Mercedes-AMG and Cigarette Racing sets new benchmarks through extensive use of carbon-fibre

OTX Plc announces several closings under its $1.3 million equity placing through London based private equity firm Charles Street Securities.

OTX with an extensive portfolio of intellectual property, has created a new production platform for the assembly and manufacture of integrated optical circuits used in implementing active optical links. It supports the production and supply of optical chips to producers of new optical cable enabling them to produce fiber based optical cables (“Active Optical Cables” or “AOC”) at price levels suitable for consumer markets.

Tel Aviv based CEO Arie Laor commented:

OTX’s mission has been to develop a low cost and rapidly scalable assembly technology with low capex for miniature optical sub assembly, targeting the use of Single Mode Fiber at lower price levels to satisfy consumer markets. OTX expects to be the first cost effective supplier of optical chips for the HDMI and USB consumer markets. The addressable market in the HDMI segment alone exceeds $1.2 billion.”

OTX seeks to overcome the main barrier to the extensive deployment of fiber in consumer markets which is the high cost of the optical modules and the termination (mainly field installation) of fiber optics.

The existing AOC market is largely the domain of the data center sector. However, OTX believes that its low cost scalable business model will be capable of achieving significant growth of the AOC market with an increasing contribution from consumer sectors. The primary focus is on the HDMI and USB markets.

Pre-sales discussions are taking place with manufacturers of Active Optical Cables in China.  The funds being raised will enable first sales into China.

Mass scaling of production will be achieved through an agreement with a major global manufacturing subcontractor.

 

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