EDO to Ship OC192 Modules
Chief Executive Officer James M. Smith said, "This significant award represents the initial success of EDO's effort to apply the Company's expertise in advanced microelectronic design to the multi-billion dollar fiber optic communications market. These modules are based on technology and designs developed by EDO as part of its continuous advanced research and development program for communications and space applications. This new application in fiber optic communications demonstrates the broad applicability of EDO's core technologies in new markets. Today's award opens a large and growing commercial market opportunity for EDO that has the potential to become a significant new business for the Company. These are mission-critical products with long production runs, characteristics that make them a perfect fit with our core business strategy. This initial award represents a major step forward in our planned expansion into the commercial communications industry."