Description OEwaves makes the TIDALwave line of opto-electronic oscillators (OEO) used in military radar, wireless, and fiber-optic communications applications. Founded in 2000, the company licensed the rights to the OEO technology developed at the Jet Propulsion Laboratory which is is run by the California Institute of Technology (Caltech). Investors include Agilent, EnerTech Capital, ITU Ventures, and TL Ventures. The Department of Defense is a major customer.