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By: MarkJ - 6 November, 2010 (7:55 AM)
broadband cable ductgenesis technical systems logo dsl ringsCanadian firm Genesis Technical Systems has won fresh investment worth £120,000 from Minerva, the University of Warwick Science Park’s business angel network investor group, to help develop its 400Mbps DSL Rings technology and conduct wider European trials. DSL Rings could work over longer distances via existing BT style copper phone lines.

Genesis also confirmed that it was holding talks with two major telecommunications related firms in the UK, which could see similar trials occurring here, possibly sometime next year. The company plans to move its UK operation to the University of Warwick Science Park’s Venture Centre in Sir William Lyons Road.

Ian Mackenzie, Genesis UK chairman, said:

"Genesis is thrilled to receive support and investment from the Minerva business angel network. Following recent successful demonstrations of Genesis’ DSL Rings capabilities with two incumbent European telecoms providers, we want to accelerate product development and give web users the option for super-fast broadband in rural, and urban, areas within the next couple of years.

In the past 12 months the Minerva investor group has grown to include 42 members and has helped to secure investment of over £2.7 million for small to medium sized companies - £400,000 of which was directly contributed by its members."

Regular readers will know that we ran an exclusive and much more in-depth story on Genesis's DSL Rings technology earlier in the week, which can be read in full here and offers more detail about what the solution could do for existing services.
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