The Irish Times and InterTradeIreland presented Intune Networks with the ‘Innovation of the Year' award in Dublin yesterday evening. Intune Networks has triumphed over 120 companies such as Celtic Catalysts, Dublin; Kingspawn Renewable Ltd., Armagh and Vennetics of Dublin, to secure themselves as the overall winner of the six category competition. They will receive a communications and advertising package from the Irish Times worth €200,000.Intune Networks aims to revolutionise the telecoms industry by changing the opportunities for service providers. They are setting out to alter network architectures to cope with traffic demand for internet service providers. Intune Networks has developed a technology named Optical Packet Switch and Transport (OPST) that is hoped to alleviate bottlenecks across systems. The company has ambitious expansion plans and has received over €49 million in funding from investors to date.
Commenting on the awards, Liam Nellis, Chief Executive of InterTradeIreland and Chair of the Innovation awards final judging panel said: "These awards are designed to recognise the best innovations in businesses across the island of Ireland. Intune Networks is an excellent example of company that is at the pinnacle of innovation. For 30 years, laboratories have attempted to achieve what has been achieved by Intune Networks over the last 4 years. Intune Networks is an indigenous company that has developed a product with the potential to revolutionise the telecoms industry on a global scale."
Receiving the award, Intune CTO John Dunne commented: "We are delighted and amazed to be selected as the overall winner, as this is such a high-profile awards programme. It is a fantastic honour for all at Intune and a great recognition for our team of engineers in particular who have worked for over 4 years on a networking innovation that we believe will open up the network for application developers."
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