SUNNYVALE, CA--(Marketwired - Jan 8, 2014) - Finisar Corporation (
"We are pleased with the acquisition by Finisar. During our collaboration to acquire the assets of COGO Optronics GmbH and develop the InP modulator technology from the Fraunhofer Heinrich-Hertz-Institute (HHI), we realized that Finisar's technical strength, ability to cost effectively commercialize technology and global access to customers and markets would combine extremely well with our industry leading technology and design capabilities. Furthermore, the acquisition provides a one-of-a-kind opportunity for our employees and innovative technologies to make a greater impact on the optical communication markets," said Andreas Umbach, CEO and Co-Founder of ut2.
"Finisar is very excited about the near term applications for the u2t technology and products for the 100G coherent telecom markets," stated John Clark, Finisar's Executive Vice President for Technology and Global R&D. "We are even more excited about the potential to use this technology to help drive data rates higher than 100 Gb/s and form factors smaller than the CFP2 module and enabling new market applications in both telecom and datacom."
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: satisfaction of the conditions to closing the transaction; the uncertainty of the successful integration of acquired business; the uncertainty of the timing and amount of expected cost savings and synergies to be achieved in connection with the acquisition; 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 June 24, 2013) and quarterly SEC filings.
About Finisar
Finisar Corporation (
About u2t Photonics AG
u2t Photonics AG, founded in 1998 and headquartered in Berlin/Germany, is the leading supplier of ultra-high speed optical components up to 100 GHz. Based on its unique and mature technology u2t develops, manufactures and markets highly competitive products for high speed communication applications and detectors with superior performance for test and measurement equipment vendors. A platform approach based on building blocks enables u2t to offer a comprehensive and fully TELCORDIA qualified portfolio supporting the requirements from transponder vendors, line card and system designers as well as test equipment vendors. u2t is ISO9001 certified and offers high quality of service.
Finisar and the Finisar logo are registered trademarks of Finisar Corporation.
Finisar-G
Contact Information:
CONTACT:
Kurt Adzema
Executive Vice President and CFO
+1 (408) 542-5050
Investor.relations@finisar.com