M2FX plc achieves over $1 million (£600k) expansion funding to finance sales globally of its Miniflex Optical Fibre Solutions

Citation

(2007), "M2FX plc achieves over $1 million (£600k) expansion funding to finance sales globally of its Miniflex Optical Fibre Solutions", Microelectronics International, Vol. 24 No. 3. https://doi.org/10.1108/mi.2007.21824cab.010

M2FX plc achieves over $1 million (£600k) expansion funding to finance sales globally of its Miniflex Optical Fibre Solutions

M2FX plc achieves over $1 million (£600k) expansion funding to finance sales globally of its Miniflex Optical Fibre Solutions

Endeavour Ventures has seen the first round of funding close having achieved over $1 million (£600k) for M2FX plc. Sourced from Endeavour Ventures's sophisticated investor clients and a small institution, the investment will be used to fund the sales globally of M2FX's range of Miniflex optical fibre protection, management and installation solutions. With growing interest in its patented products, the funding will allow the company to expand its sales operations as well as invest in the capital equipment necessary to deliver on its growing order book.

M2FX manufactures patented products that allow faster and easier fibre installation, and reduce the cost of that installation. The Miniflex technology means that the company's products and installation solutions provide a competitive edge for its customers. The growth market that the company is addressing is the roll out of optical fibre to the home (FTTH) across the USA and Scandinavia. This will allow communication companies to make the most of the vastly higher bandwidth capabilities of the optical fibre to deliver computer, TV and telephone direct to consumers' homes.

E-mail: p.ekpenyong@miniflex.co.uk