Finisar Receives 2007 Excellence in Technology Alignment Award From Cisco

SUNNYVALE, CA--(Marketwire - October 22, 2007) - Finisar Corporation (NASDAQ: FNSR), a global technology leader in fiber optic solutions for high-speed networks, today announced that it has received the Excellence in Technology Alignment award from Cisco. This prestigious award honors Finisar's superior technology offerings and longstanding commitment to Cisco's business goals. As an ongoing testament to Finisar's world class manufacturing capabilities and innovative technology vision, Finisar was also honored in 2003 with Cisco's Optics Supplier of the Year award and again in 2005, with the Excellence in Delivery and Flexibility award.

"A truly successful partnership must go beyond exceptional delivery and production capabilities," said Todd Swanson, vice president of sales and marketing, Finisar. "Suppliers must also be on the forefront of technology that maps to their partner's business objectives. Being vertically integrated gives us the ability to quickly adapt to dynamic customer design needs while maintaining consistently high service and quality standards."

"Finisar has demonstrated innovation in Optical packaging and manufacturing, as well as in IC design for optics," said John Kern, vice president, Global Supplier Management, Cisco. "Finisar's leadership in many new technology areas has helped provide Cisco with a competitive advantage. We are proud to honor them with this award. "

The award was presented at Cisco's annual supplier appreciation event, which recognizes select suppliers that exhibit outstanding leadership and contribute to Cisco's overall success.

About Finisar

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic components and subsystems and network test and monitoring systems. These products enable high-speed voice, video and data communications for networking, storage and wireless applications over Local Area Networks (LANs), Storage Area Networks (SANs), and Metropolitan Area Networks (MANs) using Ethernet, Fibre Channel, IP, SAS, SATA and SONET/SDH protocols. The Company is headquartered in Sunnyvale, California, USA. More information can be found at www.finisar.com.

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