SHANGHAI -- Lucent Technologies China and its joint venture partners in Lucent Technologies of Shanghai (LTOS) have agreed to sell the venture's manufacturing assets to Jabil Circuit Inc., a leading electronics manufacturing services company based in the U.S. Lucent Technologies and Jabil Circuit have also signed a supply agreement whereby Jabil will produce optical transmission equipment for Lucent. Lucent and joint venture partners Shanghai Optical Communication Corp; Shanghai Post & Telecommunication Equipment Ltd; and Shanghai Jiushi Corp. formed LTOS in 1989 to produce optical transmission equipment for the regional market. Since its founding LTOS has grown to about 500 employees, all of whom will be offered employment by Jabil. Under the agreement Jabil will acquire the LTOS 325,000-square-foot manufacturing facility and production machinery and inventory. "The agreement with Jabil and our business partners in Shanghai is a result of Lucent's strategy of growing our relationship with major contract manufacturers such as Jabil so Lucent can focus its resources on meeting the advanced communications networking needs of the world's largest service providers," said Steve Sherman, Lucent vice president of manufacturing strategy. "This agreement supports that strategy while providing opportunities for our employees and keeping the presence of a high-tech manufacturing operation in the city of Shanghai." The agreement is expected to be completed this summer. Lucent Technologies Inc.Jabil Circuit Inc.