Novusmodus Announce €3M Investment in Intune

Dublin, 30th Jun 2010

Intune’s patented fast tuneable laser technology solves the costly performance bottleneck problems facing all major mobile telecoms carriers as existing network architectures struggle to deal with huge increases in data traffic.

Mobile traffic is forecast to grow by a factor of ten in less than five years with video consuming more than 50% of new bandwidth. The problem is exacerbated by the recent proliferation of high powered mobile devices such as smart phones and netbooks which produce increasingly unpredictable data traffic patterns. Intune’s innovative solution uses high speed laser tuning technology to colour code address locations, greatly reducing the processing requirement.

The technology doubles performance at half of the cost and halves the power consumption. Intune’s breakthrough solution also increases the potential utilisation of existing metro fibre networks from below 10% to above 80%. Intune is currently building the platform for the Irish Government’s recently announced €5m Exemplar Network which is an open test bed site for companies to trial high speed network applications.

Novusmodus’ John McKiernan - appointed as a director of Intune Networks - said: “Intune Networks’ revolutionary technology has the potential to transform the way that carriers operate their metro networks, solving bandwidth problems at the same time as halving their energy consumption. We are delighted to be backing such an excellent management team and a company founded by Irish engineers with enormous global prospects.”
Intune Networks CEO, Tim Fritzley, said: “We’re very happy that ESB Novusmodus has decided to invest in us, adding another top-flight institution to our list of shareholders. Major telecommunications carriers all over the world face increasing stresses on their networks as the uptake of high powered mobile devices continues to drive mobile traffic. Our product solves this problem without the installation of additional fibre optics, and is both cost-efficient and less energy intensive.”