Arroyo, Lightcross to Merge

Optical component companies join forces, putting Arroyo's ROADM devices alongside Lightcross's VOAs

October 2, 2003

1 Min Read

SANTA MONICA, Calif. -— Arroyo Optics, Incorporated, a manufacturer of flexible wavelength management solutions for telecommunications equipment and Lightcross, Incorporated, a manufacturer of integrated, silicon-based optical products for telecommunications equipment, today announced the agreement of a merger between the companies. Under the terms of the agreement, the surviving entity will be Arroyo Optics, and will be comprised of technologies and products developed with over $50M of combined R&D capital provided by private equity investors. Both companies focus on products targeting fiberoptics infrastructure applications that serve the growing need for high bandwidth services in the communications market. Lightcross CEO Robert Barron will become CEO, chairman, and president of the resulting company. Barron states, "By joining the companies, the shareholders of each company believe a unique advantage in the market is created. With broadened technology platforms, as well as a fortified commitment of financial resources from investors, the company is well positioned to expand its offering of leading products to current and prospective clients."Hatch Graham, interim CEO of Arroyo Optics, says, "I'm delighted to have guided the introduction and deployment of Arroyo Optics' programmable optical filter products over the past six months, as well as the strategic relationship building with the company's client base. Furthermore, we're excited about the potential of the new company and the expanded product offering that can be achieved." Graham will serve on the merged company's Board of Directors. With the merger, two unique and critical product platforms will be offered to manufacturers of Dense Wavelength Division Multiplexing (DWDM) equipment, which are essential within fiberoptics infrastructures. Both product platforms enable a reduction of network costs, enhance network flexibility, facilitate network scalability, and minimize craft sensitivity in network operations.Arroyo OpticsLightcross Inc.

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