“We are very happy to publicly announce our investment into Coherent Solutions.” – Punakaiki Fund.
Coherent Solutions builds advanced coherent (laser) and non-coherent light testing equipment, primarily for the development and manufacture of fibre optic telecommunication components and systems. More simply they sell impressive, and very expensive, equipment that’s used to test the highest speed telecommunications gear.
The company also has a number of new technologies in development which will expand its market from labs and advanced research and development facilities to hi-tech manufacturers.
“Coherent Solutions will be a substantial investment for Punakaiki Fund” states Lance Wiggs, “and has the potential to be our largest cash investment, if we include our arrangement with founders. We see that with global demand for data and bandwidth ever increasing the demand for testing equipment to run ever more sophisticated optical communication networks will also increase. Coherent Solutions has impressed us by their ability to gain a foothold into this global market which is dominated by large, multinational instrumentation companies, and have a well-defined growth strategy. We are excited to be part of this successful New Zealand story”.