Finisar Expands WaveShaper Family of Programmable Optical Processors

SUNNYVALE, CA--(Marketwire - September 20, 2010) - Finisar Corporation (NASDAQ: FNSR) today announced the release of new members of the WaveShaper family of Programmable Optical Processors, including the WaveManager Application Suite and the WaveShaper 100S Channel Selector. Demonstrations of these products will be held this week at the European Conference and Exhibition on Optical Communications (ECOC) in Finisar's booth #207. 

The new WaveManager Application Suite enhances the WaveShaper family of Programmable Optical Processors by providing additional functional capabilities, including:

• Improved User Interface with support for both Windows and Linux systems
• User-accessible API for integration into advanced test systems
• Enhanced control of WaveShaper filtering functions, and
• Support for Flexgrid™ operation of the WaveShaper 4000S and 4000M.

Flexgrid™ is an advanced feature of Finisar's range of Wavelength Selective Switches (WSS) which enables dynamic control of channel center frequency and channel bandwidth within a WSS, from 50 GHz to 200 GHz in 12.5 GHz steps with no penalty on performance. Flexgrid™ will address carrier demand for flexible bandwidth-capable ROADMs in next-generation networks.

The new WaveShaper 100S Channel Selector is a fully programmable, DWDM Channel Selector which has been designed for production test applications. It offers user-selectable Flat-top and Gaussian filter shapes. The filter bandwidth is programmable from 25 GHz up to 200 GHz with center frequencies programmable in 1 GHz increments over the entire C- or L-band.
For more information about Finisar's WaveShaper products, please visit www.finisar.com/waveshaper. ECOC is taking place in Torino, Italy, September 20-22. For more information about this event, visit www.ecocexhibition.com.

About Finisar
Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For more than 20 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth and storage. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit www.finisar.com.

SAFE HARBOR UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT 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. 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. Examples of such risks include those associated with: the uncertainty of customer demand for Finisar's products; 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 products and 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 (filed July 9, 2009) and quarterly SEC filings.

Contact Information:

MEDIA CONTACT:
Victoria McDonald
Finisar Corporation
+1 (408) 542-4261
victoria.mcdonald@finisar.com