Highwavers OK Northlight Deal

Highwave Optical Technologies shareholders greenlight the acquisition of Northlight Optronics in 'extraordinary' general meeting

April 15, 2005

1 Min Read

LANNION, France -- Highwave Optical Technologies (Nouveau Marché: HGWO), a leading European technology supplier of active fibre based components and subsystems for the telecommunication, industrial and defence markets announced today the approval of the acquisition of Northlight optronics AB during the Extraordinary General Meeting.

The Company organised a second EGM today at its headquarters in Lannion. The extraordinary resolutions submitted during this meeting were similar to those submitted during the previous EGM called on March 21 during which the necessary quorum has not been reached.

The participation rate during the EGM of April 15, 2005 was 30,9% to be compared with a necessary quorum of 25%. As a consequence, the EGM has been normally held.

The present shareholders approved the acquisition of 100% of Northlight Optronics AB as well as the issuance of new shares to remunerate this acquisition.

"Following this acquisition, Highwave reinforces its competencies and its cash position. Our goal, today, is to propose an strong European alternative in the optoelectronics components and sub-systems sector. Once more, I want to give my warm thanks to our shareholders who have strongly supported our propositions and vision for the company. Now more aggressive and stronger than ever, Highwave will continue to develop tomorrow's technologies." Sylvain Boj said.

Highwave Optical Technologies

Northlight Optronics AB

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