NeoPhotonics Acquires Photon

NeoPhotonics and Photon Technology Co. complete merger

July 6, 2005

1 Min Read

SAN JOSE, Calif. and SHENZHEN, China -- NeoPhotonics Corporation of San Jose today announced the completion of their merger with Photon Technology Co., Ltd. of Shenzhen. The new NeoPhotonics expects revenues to exceed $50M in 2005, has more than 1200 employees, primarily in China and the U.S., and has more than 100 customers, many of which are tier one network equipment suppliers.

Photon Technology Co., as China’s largest active component manufacturer, has a solid history of continued growth and profitability since its founding in 1993. Combining Photon with NeoPhotonics, the leading developer of integrated component solutions using planar lightwave circuits (PLC), creates a company with the broadest and deepest optical component capability in the industry today. The company’s advanced solutions combine active and passive components into products and modules for long-haul, metro and access optical networks.

“This is an exciting time for us and our customers,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “The merged company is a ’one stop shop‘ for optical components, with a complete line of active and passive modules from the core to the edge of the network – and a particularly strong product portfolio for the booming FTTP [fiber-to-the-premise] sector, which is already approaching a $1 billion market size worldwide. We combine leading edge products and engineering prowess with high volume and low cost manufacturing and assembly capability in Shenzhen, China. With our commitment to quality, our technology, cost structure, operational efficiency and our customer focus, we believe that we will rapidly become one of the top manufacturers of optical network components.”

NeoPhotonics Corp.

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