AOI Raises $19.5 Million in F Round Funding
SUGAR LAND, TX, September 14, 2009 – Applied Optoelectronics, Inc. (AOI), a leading manufacturer of laser diodes, photodetectors, and optical modules for fiber optic communications systems, today announces that it has raised $19.5 million in capital
through a private placement of preferred stock. AOI plans to use the new funds to continue expanding production capacity and invest in new product development.
The investment brings the total capital raised by AOI since its inception in early 1997 to about $90.5 million.
AOI continues to be a world-leader in the manufacture of fiber optic components, subsystems, and modules that enable high-speed communications of voice, data, and video signals to the consumer. AOI’s products address a need for cost-effective solutions to harness the vast information-carrying capacity of optical fiber.
“With this latest infusion of capital, both existing and new investors have come together to demonstrate their confidence in AOI’s business plan and management team,” notes Dr. Thompson Lin, Founder, President and CEO of AOI. “With fiber optic access still in its infancy, we are confident that this new infusion of capital will allow us continue AOI’s 12 year history of innovative product development that will benefit our customers, and ultimately the bandwidth consumer.”
AOI has its headquarters and optical chip fabrication facility in Sugar Land, TX. In addition, it operates two facilities that engage in both manufacturing and research and development. The company’s facility in Ningbo, China focuses primarily on video transmission applications, while its facility in Taipei, Taiwan, is chiefly engaged in the manufacture of fiber-optic transceivers for FTTx and datacom applications.