MRV Acquires Astro Terra

Unification of optical wireless activities to take place under newly formed Optical Access Inc.

July 28, 2000

1 Min Read

CHATSWORTH, Calif. -- MRV Communications Inc. (Nasdaq:MRVC) today announced closing the acquisition of AstroTerra Corp., a pioneer in the development of free-space optical wireless technology. This acquisition, together with the acquisition of JOLT, announced earlier this year, propels Optical Access Inc. into a premier position as the leading supplier of optical wireless solutions.

Noam Lotan, president and chief executive officer of MRV, commented: "Acquiring AstroTerra Corp. establishes Optical Access as the leader in optical wireless technology... With our robust product line, the experience of thousands of optical wireless installations, and substantial ownership of intellectual property, MRV stands to capitalize on the emerging opportunities in this field. We intend to file for an Initial Public Offering of Optical Access within 90 days."

Separately, MRV announced closing the acquisitions of Optronics International Corp. ("OIC") and Quantum Optech Inc. ("QOI"), now part of Luminent Inc.

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