Good News For a Change: Two Companies to Expand
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[Jerusalem, ISRAEL] Who says all the news from new economy companies is bad? Two Israel-based companies announced major expansions to the Israel and U.S. operations Wednesday, putting to the lie the story that all "New Economy" high-tech companies are spiraling down the drain.
CyOptics a developer of 40Gbps active components, said it will expand its Yokneam, Israel, manufacturing facilities by more than 30,000 square feet.
WebCollage, a provider of Web partnership solutions, said it is opening an operations and sales office in San Francisco and expanding its Research and Development office in Tel Aviv. The combined moves will expand its office capacity by 75 percent.
The CyOptics expansion will provide it with added manufacturing capacity for its 40Gbps Indium Phosphide devices.
"Expanding our manufacturing infrastructure will enable us to meet our customers needs for real-world, high volume manufacturing of 40Gbps components," said CyOptics vice president of Operations Dror Motovilov. "First qualification devices from these facilities are expected in Q3 2000, with full scale manufacturing in 2002."
The company said demand for 40Gbps optical components continues to be strong, as its customers are working aggressively to develop 40Gbps systems, test them and qualify them in carrier networks.
CyOptics was founded in 1999, to develop technology for 40Gbps active optical components. The company is headed by veterans of Lucent, Intel and Lasertron. The company has headquarters in Burlington, Mass., with offices in Los Angeles and research and development facilities in Israel.
Responding to increased demand for its WebCollage Syndicator technology, the new WebCollage San Francisco location will focus on providing marketing, sales and professional services for customers in the West.
WebCollage enables companies to distribute their interactive services and applications throughout the Web. Users can package applications as Web services, share them with business partners and quickly embed into other websites, expanding online distribution.