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Agency / Source: ADVA Optical Networking | Adtran Networks

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ADVA Announces Multi-million Euro Investment to Develop Next-gen Optical Network Technologies - ADVA today announced that the European Commission has approved funding by its member states that will support companies to develop a new generation of microelectronics and communication technologies in Europe - Adva.com
ADVA Announces Multi-million Euro Investment to Develop Next-gen Optical Network Technologies

 

NewswireTODAY - /newswire/ - Munich, Bavaria, Germany, 2023/06/08 - ADVA today announced that the European Commission has approved funding by its member states that will support companies to develop a new generation of microelectronics and communication technologies in Europe - Adva.com. FSE: ADV

   
 
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• Project targets new solutions enabled by high-performance electro-photonic integrated circuits;
• The investment is part of the Important Project of Common European Interest in microelectronics and communication technologies;
• Initiative will strengthen regional supply chains and bolster Europe as a hub of microelectronics and communication innovation.

The amount of funding ADVA may receive is not yet determined and will be subject to substantial self-investment. ADVA currently does not expect a significant impact on its financial results. Operating under the Important Project of Common European Interest in microelectronics and communication technologies (IPCEI ME/CT) framework, ADVA‘s initiative will address the growing need for network solutions that deliver high data rates, low cost and reduced power consumption. The project will target network edge equipment built with high-performance electro-photonic integrated circuits (ePICs).

“We’re thankful for the EU’s support in clearing the path for state aid and will work closely with the German government to secure funding for our R&D activities in high-performance electronics and electro-optic transceiver technologies,” said Christoph Glingener, CTO of ADVA.

About ADVA Optical Networking

ADVA (adva.com) is a company founded on innovation and driven to help our customers succeed. For over two decades, our technology has empowered networks across the globe.

 
 
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Agency / Source: ADVA Optical Networking | Adtran Networks

 
 

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ADVA Announces Multi-million Euro Investment to Develop Next-gen Optical Network Technologies

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ADVA |
Contact: Press Office - AdvaOptical.com 
+49(0)89 89 06 65 0 public-relations[.]advaoptical.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ADVA Optical Networking | Adtran Networks securities in any jurisdiction including any other companies listed or named in this release.

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