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MINTERA SECURES $10 Million FINANCING Funds to Accelerate Deployments of 40 Gbps Optical Transmission Systems Acton, MA - October 2, 2006 - Mintera Corporation today announced it has raised $10 Million of venture capital financing co-led by investors Polaris Venture Partners and RRE Ventures. Also participating in the round are existing investors including Court Square Ventures, Star Ventures and Portview Communications Partners. This financing brings the total amount raised by Mintera to more than $54 Million. Mintera develops and markets 40 Gigabits per second (Gbps) fiber-optic transport sub-systems, for metro-core, regional, long-haul and ultra long-haul optical networks. The company will use the financing to complete the commercial launch of its new, 40 Gbps product platform, the MI 40000XS. This new platform, based on the emerging ATCA 300 standard, enables 40 Gbps DWDM transport up to 2500 km without regeneration and increases carrier capacity without the need to change existing infrastructure. The MI 40000XS, which is already being integrated into partners' DWDM transport systems, is scheduled to begin shipping during Q4 2006. Polaris General Partner and Mintera Director Bob Metcalfe said, "Some years have passed since the bursting of the Internet bubble. Since then the carriers have continued growing and have lit a lot of dark fiber. Accelerating broadband deployment among telephone, television, mobile and Internet carriers will require much more optical backbone capacity. Mintera is ready to help move the infrastructure up to 40 Gbps and the best news is that Mintera's 40 Gbps upgrade fits in with existing fibers, optical amplifiers and add-drop multiplexers, and can be used alongside already deployed lower bit-rate transponders." The funding marks a period of strong momentum for Mintera. The company has proven its technology though several customer, partner trials and deployments. Earlier this year, Mintera joined forces with Juniper Networks, Xtera Communications and Verizon Business to transmit 40 Gbps over 3,040 km of field fiber in the Verizon Business Dallas metro area network. This trial, carrying OC-768 traffic, highlighted Mintera's cutting edge optical performance, and also the modular approach of Mintera's solution which allows partners to customize the line-side transmission format to the exact requirements of their platforms. "Over the past year we've seen a renewed interest in and appreciation of the economic benefits of 40 Gbps transport. Our investors recognize this as well and are confident in Mintera's ability to capitalize on this market opportunity," said Mintera CEO Terry Unter. "Mintera has already proven its technology and solution - a significant advantage. The additional funding will enable the company to deliver on its value proposition. Mintera's recent successes with carriers are illustrations of the reality of 40 Gbps transport and, as carriers look to upgrade their networks to support bandwidth-intensive multimedia applications, our new platform can increase network capacity of existing DWDM networks up to 16 times without replacing existing infrastructure." About Mintera Corporation ### Contact: Mintera Media Inquiries: Printer friendly version
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