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JDS Uniphase acquires Photonic Power Systems Inc.
June 6, 2005
SAN JOSE, Calif. -- JDS Uniphase Corporation (Nasdaq: JDSU - News; TSX: JDU - News) announced today it has acquired privately held Photonic Power Systems, Inc., the pioneering provider of photonic power for the delivery of power over fiber. Photonic power is an inventive power delivery system whereby light from a laser source illuminates a highly efficient photovoltaic power converter to produce electrical power. The acquisition represents an innovative system solution to remote powering for many commercial applications.
"JDS Uniphase is acquiring a potentially disruptive technology," said Vincent Lui, an analyst with industry research firm IDC. "The technology is not incremental, it is a completely novel approach to power delivery in specialty applications. Moreover, Photonic Power Systems, Inc. has a proven history, strong intellectual property in the area of fiber optic photonic power conversion, and core technology that aligns well with JDS Uniphase's technology base."
Photonic power replaces copper and batteries for remote sensors, coaxial cable in wireless applications, and oil or gas-filled measurement transformers in high voltage applications. It delivers isolated power that is immune to RF, EMI, high voltage and lightning. Photonic Power Systems' technology can be leveraged across multiple markets, including medical, wireless communications, electrical power, industrial sensor, and aerospace applications. More than 10,000 units have been deployed to date, serving more than 50 customers.
"We're excited about the expanded market opportunities created by this acquisition," said David Gudmundson, vice president of corporate development for JDS Uniphase. "In the long run, we believe customers will include an attractive mix of existing JDS Uniphase communications customers in established sectors such as wireless, and new, diverse industrial customers in applications like remote power and sensing."
JDS Uniphase Corp.
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