Milpitas, California, March 11, 2011 – In remarks made before the Association for Corporate Growth’s Silicon Valley chapter last night, JDSU President and CEO Tom Waechter called “collaborative innovation” a key to driving economic growth and fully capitalizing on technology’s promise to create new markets and enhanced lives.
Waechter defined collaborative innovation as “innovation with a purpose” and called it the driving principle behind JDSU’s brand and interaction with its customers. He said JDSU collaborates with world-class companies across a range of industries – including communications networking, financial services, energy, and consumer electronics – and has a unique opportunity to apply its technology expertise to drive innovation with real-world impact.
“We employ and work with some of the best and brightest technology minds in the world,” said Waechter. “We have seen amazing results when this expertise is combined and focused on real business needs and real market opportunities – not innovation for the sake of innovation.”
Waechter cited revenue from new products – those introduced within the last two years – as a key factor in JDSU’s growth and said, “Effective collaboration with our customers – delivering the right product at the right time – is the key to making sure our R&D investment and M&A strategy are aligned with the actual needs of our customers.”
Waechter cited three examples of effective JDSU collaborative innovation that are driving markets forward:
- Broadband network build out – The deployment of next generation network technology – such as LTE – in response to increasing stress on communication networks from the proliferation of bandwidth-consuming mobile devices and video applications. JDSU collaborates with communications equipment makers and service providers worldwide to ensure network flexibility, quality and reliability.
- Gesture Recognition – JDSU is collaborating with companies across multiple industries to explore practical applications and new markets for gesture recognition technology beyond its initial use in gaming.
- Brand Authentication – Increasing globalization means brand authentication and security is more important than ever before. JDSU collaborates with customers across multiple industries, including pharmaceuticals and financial services, to protect brands and consumers against a range of threats including counterfeiting, tampering and diversion through covert and overt authentication solutions.
Video excerpts of Waechter’s remarks are available on www.jdsu.tv, which also includes video features on JDSU’s collaboration with customers such as GM, Verizon, PrimeSense, Dolby and others.
About ACG Silicon Valley
ACG Silicon Valley (http://www.acgsv.org) is an association of C-level corporate executives and sponsors who are creating the future of commerce in Silicon Valley. Our programming challenges the status quo, and relationships are our foundation. We offer more than just networking – we create success.
JDSU (NASDAQ: JDSU; and TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv and follow us on twitter at www.twitter.com/jdsu.
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