Proceeds from the round will support Multiwave’s growth strategy and global market expansion plans to allow the Company to become a leading provider of next generation pulsed fiber lasers based on a MOPA architecture and specialty optical sources based in fiber-optic technologies, for industrial, environmental and medical applications. The next generation fiber lasers offered by Multiwave allow customers to control its key operating parameters in unique ways, and this combination of performance and control provides a higher level of flexibility and value for the customer, to a degree that most currently available laser systems are unable to provide.

Multiwave also offers other innovative optical sources based on fiber-optic technologies, as well as product design, product development and engineering services aimed at developing and selling cost-effective and reliable products and solutions that resolve customer pains. Multiwave works closely with Customers to ensure complete satisfaction.

José R. Salcedo, Ph.D., CEO of Multiwave Photonics, stated that “We are very pleased that InovCapital has become a financial investor in Multiwave, that current investors Espírito Santo Ventures and GP Bullhound also reinforced their investment in the company and that Bullnet Capital continues its firm support of the company. This capital will allow us to expand our international growth and establish the necessary framework for continuing to win important business opportunities”.

Dr. Salcedo was recently awarded the “IEEE Photonics Society Engineering Achievement Award 2009”,"in recognition of outstanding technical and leadership contributions to pulsed fiber lasers, in particular all-fiber ring laser architectures, and of his pioneering efforts aimed at developing, promoting and commercializing this technology in Portugal – and later in international markets.”