Milpitas, California, April 13, 2006 – JDSU today announced an agreement to acquire Test-Um Inc., an industry-leading provider of home networking test instruments for the FTTx and digital cable markets. The acquisition, which creates new sales channels for Test-Um’s home networking product portfolio and JDSU’s existing set of field test instruments for broadband access networks, is expected to close in the current quarter. Financial terms were not disclosed.
The rapid adoption of IP-based voice, data and video services makes it a strategic imperative that telecommunications and cable network operators deploy broadband triple-play test solutions that extend from the core network into the home. Test-Um and its 30 employees add to JDSU’s triple-play test expertise and product portfolio, bringing an extensive set of home-wiring test instruments for the verification, installation and maintenance of Category 3, Category 5 and coaxial cables used in home and small office networks for the delivery of VoIP, IPTV and other services. The ability to conduct “three-wire” home network testing is increasingly important as the number of broadband-connected homes and networked devices grows.
By acquiring Test-Um, JDSU expands its channels for the sale of its broad portfolio of test instruments for broadband access networks, including its recently introduced SmartClass line of instruments. JDSU will leverage Test-Um’s network of several hundred distribution partners, making its access test instruments available to the service installation and electrical contractors served by Test-Um today. In addition, the acquisition creates new market opportunities for Test-Um’s products, which will be made available through JDSU’s direct sales and service organization serving the largest telecommunications and cable service providers worldwide.
“The deployment of broadband networks and the widespread availability of affordable broadband Internet access are driving adoption of new video and other advanced communications services for the home,” said John Peeler, executive vice president of JDSU’s Communications Test and Measurement (T&M) Group. “With our acquisition of Test-Um, JDSU will add an important set of test instruments to help our customers quickly, efficiently and reliably deliver the IP-based triple play services consumers are demanding.”
Test-Um’s “three-wire” test instruments verify the ability of home wiring to support the reliable delivery of new, high-bandwidth voice, data and video services throughout the home. Test-Um’s instruments include test sets for verifying line conditions and power-signal levels, wireless testers that facilitate communications on the job, tone tracing and identification to locate and track cable runs, and analyzers for more advanced service troubleshooting and certification. The company is based in Camarillo, California and will be integrated into JDSU’s Communications Test and Measurement Product Group.
About JDSU
JDSU (NASDAQ: JDSU; and TSX: JDU) is committed to enabling broadband & optical innovation in the communications, commercial and consumer markets. JDSU is the leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. Furthermore, JDSU is a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at www.jdsu.com.
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such forward-looking statements include, but are not limited to any statement or implication that the transactions described in the release will be consummated;any expected benefits of the acquisition to JDSU, including, without limitation, expected customer benefits; or that the products described in this press release (i) will be successfully introduced or marketed, (ii) will be qualified and purchased by our customers, or (iii) will perform to any particular specifications or performance or reliability standards. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair the Company's results of operations, business, and financial condition. These risks and uncertainties include the following, among other things: (a)the transaction will not be completed or will be delayed or altered, (b) the acquired business will not be effectively integrated, such integration will be more costly or time-consuming than expected, or the combined business will not achieve expected financial results or synergies or otherwise perform as expected, (c) our current visibility as to customer demand levels, future market growth and the timing, extent, location, requirements and nature of network build-outs and technology transitions, is extremely limited; (d) the timing, extent, location, requirements and nature of network technology transitions is extremely unpredictable and development cycles are generally very long; and (e) the products may not (i) perform as expected without material defects, (ii) be manufactured at acceptable volumes, yields, and cost, (iii) be qualified and accepted by our customers, and (iv) successfully compete with products offered by our competitors, and (e) factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof, and the Company does not assume any obligation to update or qualify any of the statements made herein. Source: JDS Uniphase Corporation.
Contacts
Media: Jim Monroe, Public Relations, 240-404-1922 or jim.monroe@jdsu.com
Investors: Jacquie Ross, Investor Relations, 408-546-4445 or investor.relations@jdsu.com