Finisar Sets Industry Record: Ships 10 Million Transceivers/Transponders in 2006

SUNNYVALE, CA -- (MARKET WIRE) -- March 27, 2007 -- Finisar Corporation (NASDAQ: FNSR), a technology leader in fiber optic solutions for high-speed communication networks, today announced the achievement of a record-setting industry milestone -- 10 million optical transceivers/transponders shipped in calendar year 2006, up nearly 30% over the previous year. Finisar's optical transceivers are shipped to Original Equipment Manufacturers from Finisar's Malaysian facility, one of the most sophisticated high-volume optical transceiver/transponder factories in the world.

"We are proud of our reputation as the leading optics supplier and industry innovator in the network communications industry," said Jerry Rawls, President and CEO of Finisar. "We are especially excited about Finisar's strong growth in the 10-40Gig market for metro and telecom applications. We think the acquisitions of Kodeos and AZNA will enable us to develop new products for the telecom/metro market and greatly expand the size of our addressable market."

Finisar manufactures a wide range of transceivers/transponders, based on XFP, SFP, SFF, X2, XPAK, 300-pin, GBIC, and 1x9 form factors. Increasing demands for advanced, high-speed data applications, including IP video, voice over IP, wireless communications and enterprise storage and remote disaster recovery applications have driven the demand for optical transceivers. The innovative design of Finisar pluggable transceivers delivers reduced power consumption and pay-as-you-go flexibility.

"With a significant share of the optical transceiver market from a unit perspective, Finisar is truly a leader in the optics components business," said Roy Rubenstein, research director, LightCounting, an industry research firm focused on the transceiver market. "The milestone they have achieved not only demonstrates Finisar's ability to supply its customers with the right product and right specifications at the right time, but also indicates the company's ability to innovate and drive optical communications."

To learn more about Finisar visit www.finisar.com, or to see demonstrations of Finisar's optics products, please visit Booth #3431 at the Optical Fiber Communication Conference and Exposition in Anaheim, California, March 27-29, 2007.

About Finisar

Finisar Corporation (NASDAQ: FNSR) is a technology leader for fiber optic components and subsystems and network test and monitoring systems. These products enable high-speed data communications for networking and storage applications over Gigabit Ethernet Local Area Networks (LANs), Fibre Channel Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using Fibre Channel, IP, SAS, SATA and SONET/SDH protocols. The Company's headquarters is in Sunnyvale, California, USA.

Contact Information: MEDIA CONTACT: Victoria McDonald Finisar Corporation (408) 542-4261 victoria.mcdonald@finisar.com