Fiberoptics Industry Report
Motorola acquires Synchronous Inc.; US Signal adds nearly 200 metro route miles; FiberCore receives $20 million commitment...
US Signal adds nearly 200 metro route miles
US Signal (Grand Rapids, MI) has expanded its fiberoptic network into the tier-one markets of Chicago, Indianapolis, and Milwaukee. The company has acquired an additional 185 metro route miles of fiber that include 24 central offices (local telephone switching centers). With the addition of these assets, US Signal's network, the largest in the midwest, now includes 100 central offices; nearly 700 route miles of metro rings around 14 high-growth tier one, two, and three markets; and nearly 2000 route miles of long-haul fiber connecting the metro rings.
eMagin struggles toward OLED production
Organic-light-emitting-diode (OLED) microdisplay developer eMagin (Hopewell Junction, NY) has laid off 45 employees (two-thirds of its workforce) as the company struggles to find the capital to continue ramping up production of its OLED-on-silicon microdisplays. The company received a $3 million investment earlier this year from SK Corp. (Seoul, Korea), but is seeking an additional $20 million to finance its migration from a development company to a manufacturer of OLED microdisplays. eMagin's stock fell nearly 70% in one day upon news of the workforce reduction.