Contact Information: MEDIA CONTACTS: Victoria McDonald Finisar Corporation (408) 542-4261 victoria.mcdonald@finisar.com Jill Budzynski for Nistica, Inc. (612) 325-5726 jmb@marketready.com
Finisar Partners With Nistica to Offer ROADM Modules
FLEDGE Platform Extends Finisar's Product Portfolio; Finisar Participates in Series B Funding
| Source: FINISAR CORPORATION
SUNNYVALE, CA and BRIDGEWATER, NJ--(Marketwire - February 25, 2008) - Finisar Corporation
(NASDAQ : FNSR ), a technology leader in fiber optic solutions for high-speed
networks, and Nistica, a global supplier of agile optical modules, today
announced a partnership to provide FLEDGE reconfigurable add/drop optical
multiplexers (ROADMs) to telecom system companies in Europe, China and
North America utilizing Finisar's global sales channels. In a separate
announcement earlier today by Nistica, Finisar has participated in a $9
Million Series B funding round for the three year old New Jersey company.
This strategic investment by Finisar affirms the company's commitment to
providing customers with leading edge technology for an evolving optical
communications market.
Under the partnering agreement, Finisar will market through its sales
channels all of Nistica's ROADMs, including the FLEDGE 2, FLEDGE 3 and
FLEDGE 10 for edge node applications, and the new FULL FLEDGE ROADM
announced earlier today by Nistica. Finisar serves a large number of tier
one telecommunication and data communication OEMs worldwide.
"Finisar has built a track record of firsts in optical communications, and
in our work with Nistica, we will continue that reputation," stated Jerry
Rawls, CEO, Finisar. "We have great confidence in the FLEDGE devices and
are particularly focused on the emerging demand for Nistica's FULL FLEDGE
ROADM module for metro applications. This is the right functional mix with
the right economics for agile optical networks."
"It means a great deal to us in terms of market validation that Finisar and
its customers have immediate interest in FULL FLEDGE," stated Nistica CEO
Ashish Vengsarkar. "Above and beyond today's needs, we believe that we can
mesh well with Finisar's future pipeline, helping to ensure the best in
agile optical modules for high-capacity network applications."
Daryl Inniss, vice president of communications components with Ovum RHK,
commented, "It is heartening to see emerging optical subsystem companies
embrace innovative business models in addition to delivering unique
technologies to the market. Having established a manufacturing base in
Asia, and having created strong technology partnerships, Nistica has sealed
a strategic relationship with industry-leader Finisar. I believe this is a
well-thought approach for an emerging optical component supplier to gain
sales traction."
Nistica's FLEDGE series delivers innovative devices to fulfill the
requirements of an agile optical network, while automating and simplifying
optical systems deployment and reconfiguration in edge and core networks.
Nistica has built a leadership reputation for the high optical performance
of its devices, driven by ultra-low insertion losses and extremely sharp
filtering functions. With the addition of the FULL FLEDGE, Nistica now
enables cost-effective ROADM functions anywhere in the optical network.
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.
About Nistica
Nistica is a global supplier of agile optical modules that simplify,
automate and make affordable the delivery of high-bandwidth applications,
enabling systems providers across multiple industries to meet
ever-increasing demand. Formed in January 2005 by optical solutions
experts, Nistica is funded by Battelle Ventures, Novitas Capital,
Technology Venture Partners, Finisar Corporation and notable individual and
strategic investors. The company is working with DLP Technology from Texas
Instruments and has partnered with Fujikura, Ltd. and Finisar Corporation
to expand its global reach and scale production. For more information, go
to www.nistica.com.
SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACTS OF 1995
The statements contained in this press release that are not purely
historical are forward-looking statements within the meaning of Section 21E
of the Securities Exchange Act of 1934, as amended, including statements
regarding Finisar's expectations, beliefs, intentions, or strategies
regarding the future. All forward-looking statements included in this press
release are based upon information available to Finisar as of the date
hereof, and Finisar assumes no obligation to update any such
forward-looking statements. Forward-looking statements involve risks and
uncertainties, which could cause actual results to differ materially from
those projected. These risks include those associated with the rapidly
evolving markets for Finisar's products and uncertainty regarding the
development of these markets; Finisar's historical dependence on sales to a
limited number of customers and fluctuations in the mix of customers in any
period; ongoing new product development and introduction of new and
enhanced products; the challenges of rapid growth followed by periods of
contraction; and intensive competition. Further information regarding these
and other risks relating to Finisar's business is set forth in Finisar's
Annual Report on Form 10-K and other interim reports as filed with the
Securities and Exchange Commission.