PGT Photonics, the Pirelli Group's photonics company, and CyOptics, a privately-held US company that manufactures optical components based on Indium Phosphide technology, have formed a strategic alliance in integrated photonics. The combined business will bring together technologies addressing the future needs of telecommunication networks.
The agreement combines the complementary technologies of CyOptics' excellence in Indium Phosphide-based lasers and detectors, with PGT Photonics substantial and broad investment in silicon based photonics. Together the two companies will address products such as wavelength tunable TOSAs, photonic integrated circuits (PICs), and other components aimed at improving flexibility and reducing the cost of optoelectronic communications.
Marco Tronchetti Provera, chairman of Pirelli, said: 'This investment is coherent with Pirelli's strategy to grow in photonics through integration with other companies in similar businesses. We strongly believe in the potential of this transaction, which allows for joining two advanced and complementary technologies and creating a leading-edge company in the optical sector.'