Ottawa, Ontario, and San Jose, California – September 18, 2002 – JDS Uniphase Corporation (NASDAQ: JDSU and TSX: JDU) today announced its acquisition of the transceiver/transponder business unit of OptronX, Inc., a leader in 10 Gb/s optical transport modules. The acquisition extends an already close collaboration between the companies in optical component level integration and optical module design that has led to the introduction of 10 Gb/s very short reach (VSR) and short reach (SR1) transponders.
Incorporated in June 2000 and based in Allentown, Pennsylvania, OptronX offers leading edge 200 and 300-pin, MSA-compliant, low cost, small form factor (SFF) optical transport modules. The addition of the OptronX uncooled 10 Gb/s short reach (SR) and very short reach (VSR) transponders extends JDS Uniphase’s transmission module portfolio, which already includes all other reaches for telecommunications, a XENPAK module for data communications for 10 Gb/s data rate applications, and a broad range of modules for applications at other data rates.
“We believe OptronX’s products, intellectual property and capabilities in very specific areas including packaging, integrated microprocessor technology, microwave design and design processes targeted for shorter reach, metro/access applications make this acquisition a strategic fit for JDS Uniphase’s Transmission Products Group,” said Syrus Madavi, President and COO, JDS Uniphase Corporation.
“OptronX’s transceiver/transponder business unit is looking forward to joining JDS Uniphase,” stated David Piede, COO, OptronX. “OptronX has developed strong customer relationships and leading technology products and it looks forward to further penetrating new markets as part of a larger offering of technology and support provided by JDS Uniphase, a long-time market leader.”
OptronX is located within close proximity of two JDS Uniphase facilities, which is expected to help facilitate a smooth transition. Approximately 30 employees, including engineering, sales and technical customer support personnel will join JDS Uniphase through the acquisition.
The terms of the transaction were not disclosed.
About JDS Uniphase
JDS Uniphase, a worldwide leader in optical technology, designs and manufactures products for fiberoptic communications, as well as for markets where its core optics competency provides innovative solutions for industrial, commercial and consumer applications. JDS Uniphase's fiberoptic components and modules are deployed by system manufacturers for the telecommunications, data communications, and cable television industries. JDS Uniphase also produces products for display, security, medical/environmental instrumentation, decorative, aerospace and defense applications. More information on JDS Uniphase is available at http://www.jdsu.com/.
Forward-Looking Statements
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. These statements may be identified by their use of forward-looking terminology such as "believe," "intends," "anticipates," "designed," "expects," "goal" and similar words. Such forward-looking statements include, but are not limited to the expected benefits of the acquisition, including, without limitation, the strategic fit of the acquired business within JDS Uniphase, and the ability of the acquired business to penetrate new markets. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, the risks that (a) the acquired business will not be effectively integrated, or that such integration may be more costly or time-consuming than expected, (b) the acquired business may not achieve expected financial results or otherwise perform as expected, (c) the products and technology of the acquired business may not perform as expected or may be more costly to manufacture and sell than anticipated, (d) expected customer demand for products of the acquired business may be unfounded, and (e) those risks discussed from time to time in reports filed by JDS Uniphase Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and JDS Uniphase Corporation assumes no obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
For further information contact:
Investors:
Anthony R. Muller
Executive Vice President and Chief Financial Officer
408-546-5000
Press:
Gerald L. Gottheil
Director, Corporate Marketing and Communication
408-546-4400