Kodeos Announces Additional $6m Funding

June 23, 2003
South Plainfield, NJ, June 23, 2003. Kodeos Communications has secured an additional $6M in funding. Total capital investments now exceed $22 million. Kodeos' enabling technology reduces, over 50%, the metro and regional network deployment cost by allowing twice the distance between 10 Gbps network elements. The company will use the additional proceeds to advance its market leadership position through continued product development and manufacturing readiness preparation.

South Plainfield, NJ, June 23, 2003. Kodeos Communications has secured an additional $6M in funding. Total capital investments now exceed $22 million. Kodeos' enabling technology reduces, over 50%, the metro and regional network deployment cost by allowing twice the distance between 10 Gbps network elements. The company will use the additional proceeds to advance its market leadership position through continued product development and manufacturing readiness preparation.

"Kodeos has exceeded our performance expectations by building an exceptionally strong management team and achieving technology validation from Tier 1 level customers," said. Glen Schwaber, Partner at Jerusalem Venture Partners. "With the recent additions of John Wyatt from JDS and Scott Jackson from Tyco Telecommunications, Kodeos continues to be a magnet for the industry's top talent. We are pleased to provide ongoing financial support for Kodeos and believe the company has the leadership and technology recipe for sustained success."

"As service providers and system developers push for more economical yet flexible networks, Kodeos' value proposition continues to become more compelling. Kodeos' links are immune to dispersion penalties up to 200 kilometers, eliminating fiber compensation cost and engineering issues," says Jon Auerbach of Highland Capital Partners. "The company continues to perform well against pre?established corporate milestones and we are pleased with the further validation of emerging market applications and the growing customer interest in Kodeos' solutions."

Kodeos Communications Inc. provides transponders and advanced optical subsystems for OC192/STM64/10GigE transmission links within metropolitan, regional and long haul networks. Kodeos' Optical Modem products utilize advanced signal processing technology to significantly improve channel efficiency and extend span lengths. Kodeos has demonstrated 10 Gbps optical data transmission, using various modulation formats, over distances of 80 to 200 kilometers between optical nodes.

The company's core team includes engineers, developers and scientists from Lucent Technologies, JDS Uniphase, Tyco Telecommunications, Motorola, Agere Systems, and others. Kodeos Communications, headquartered in South Plainfield, New Jersey, is privately held with funding from Jerusalem Venture Partners and Highland Capital Partners.

More information can be found at www.kodeos.com .

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